[Funding alert] Venture Capital Firm Lakestar Secures $600Million in Funding

Invested in tech companies like AI text-to-video technology, healthtech company Nelly (Germany), NEKO Health (Sweden), the preventative health care technology company co-founded by Daniel Ek, and energy supplier platform Fuse Energy (UK) are already among the companies where these new funds have led investments.

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These new funds have already led investments in tech companies like the German healthtech startup Nelly, the Swedish preventative health care technology company NEKO Health, the UK-based energy supplier platform Fuse Energy, the French embedded finance solution Swan, and the UK-based/Hungarian AI text-to-video platform Colossyan.

Following the closing of the two funds, Lakestar will allocate fresh funding supported by a variety of limited partners (LPs), such as family offices, fund of funds, sovereign wealth funds, and other institutional and private participants, such as founders.

With the closure of Lakestar Growth II and Lakestar Early IV, Lakestar is well-positioned to increase its influence on the European entrepreneurial scene.

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 centres of innovation, which are at the forefront of sectors critical for Europe's sovereignty, such as AI, digitalisation, healthcare, deep tech, and fintech. 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."

In addition to its new funding, Lakestar has partnerships with several of the top tech universities in Europe, including TUM (UnternehmerTUM), ETH, Aachen, and Oxford.

Well-known figures from the commercial and political worlds make up its advisory board, which assists entrepreneurs with contacts and inquiries about the political and regulatory landscape.

About Lakestar

Lakestar's goal is to identify, support, and expand revolutionary companies started by outstanding entrepreneurs in Europe and beyond. Invested in Skype, Spotify, Facebook, and Airbnb in the beginning, the team was founded by Klaus Hommels. It has raised four funds totaling approximately €2.8 billion since the fundraising of its first fund in 2012.