Zurich VC Lakestar Secures $600 Million In New Funds

Zurich VC Lakestar Secures $600 Million In New Funds

Fri, Apr 12th 2024

Lakestar announces the closure of its latest funds, Lakestar Early IV and Lakestar Growth II.

KEYSTONE/Christian Beutler

Lakestar focuses on empowering tech startups in Europe and globally. Founded by Klaus Hommels. Lakestar has been instrumental in supporting high-growth companies including major names like Revolut and IsarAerospace. The fund was started in 2012 in Zurich

Lakestar Early IV and Lakestar Growth II, had a substantial capital influx of around $600 million, bringing its total assets under management to €2 billion. According to a press release.

These funds are designated to bolster Europe’s technological independence by investing in sectors pivotal to digital independence such as AI, deep tech, healthcare, fintech, and digitalisation.

The investments from these funds are geographically diverse, focusing primarily on Europe but also reaching into other regions. Notable investments include UK’s energy platform Fuse Energy, France’s finance firm Swan, Germany’s healthtech pioneer Nelly, Sweden’s preventative healthcare innovator NEKO Health, and the AI-driven text-to-video platform Colossyan.

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