Prominent European VC Lakestar Shifts Strategy, Halts External Fundraising
Veteran investor Klaus Hommels’ Lakestar is reportedly shifting its strategy away from external fundraising. The firm plans to concentrate on maximizing returns from current investments while supporting internal entrepreneurial ventures.
Strategic Shift for European Venture Capital Leader
Lakestar, one of Europe’s most prominent venture capital firms known for early investments in Spotify and Revolut, is reportedly planning to stop raising external capital, according to sources familiar with the matter. The firm, founded by veteran investor Klaus Hommels, intends to focus on maximizing returns from its existing portfolio while maintaining flexibility to pursue selective new opportunities.