Lakestar raises $600 million

Both new funds will focus their investments across geographies, with a focus on Europe in sectors such as AI, digitalisation, deep tech, healthcare, and fintech. The funds are aligned with Lakestar’s commitment to invest in technology advancing Europe’s digital sovereignty. Among Lakestar’s portfolio companies are Swiss startups like Terra Quantum or Clearspace.

With the closing of the two funds, Lakestar will deploy new capital backed by a mix of limited partners (LPs), including sovereign wealth funds, family offices, fund of fund investors and other institutional and individual players, including founders.

Lakestar’s new funds are complemented by the company’s partnership with some of the leading European Tech Universities, such as ETH Zurich, Technische Universität München (UnternehmerTUM), Aachen and Oxford.

Klaus Hommels, Founder and Chairman of Lakestar said: “With world class universities and leading research facilities, Europe is home to some of the world’s best centers of innovation which are at the forefront of sectors critical for Europe’s sovereignty such as AI, digitalisation, healthcare, deep tech, and fintech. With the closure of our early and growth stage funds, our focus is to nurture talent from seed to series B and beyond. We provide founders with the resources, mentorship, and network needed to succeed in building the technology that helps industries and countries capitalise on opportunities and solve the challenges reshaping the world. I am a firm believer that nurturing technology is fundamental to our prosperity - in an era where Europe's sovereignty is more crucial than ever, Europe is only as strong as its innovation ecosystem. We take pride in attracting new and existing investors to our new funds, which are built on our proven strategy.”

(Press release / SK)