Lakestar

Lakestar

Lakestar is a venture capital firm investing in digital and technology companies in Europe.

Lakestar is a venture capital firm founded in 2012 by Klaus Hommels. They have offices in Zurich, Berlin, London, New York and Hong Kong. Lakestar focuses their investments in early and growth-stage ventures with a focus on internet and technology companies. These companies have included Spotify, Skype, King.com and Facebook.

In 2017, Lakestar invested in Shapeshift, a digital currency exchange. Lakestar invested in Shapeshift's Series A, which raised USD $10.4 million. In the same year, Lakestar and GV lead a USD $40 million Series B funding for Blockchain.

Funding rounds

Lakestar's first seed fund, in 2012, boasted a 70% internal rate of return. In 2013, Lakestar funded Lakestar I funding round at €150 million. Lakestar I took notable positions in Maker studios and Harry's. Maker Studios was bought by The Walt Disney Company in 2014. Harry's purchased Feintechnik razor factory in Germany.

In 2015, Lakestar raised €350 million for its Lakestar II fund. The fund is focused on early stage development and mature companies growth into Europe. This larger fund placed Lakestar closer to venture capitalists Index Venture, Accel Partners and Atomico.

Advisory services

In 2018, Lakestar committed to offer advisory services to investments in the fintech sector. This followed their successful IPO strategy which raised $70 million for startup Marley Spoon. Speaking to Forbes in 2017, Klaus Hommels said:

I enjoy the job most when I can partly be a business development guy.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
AngelList

AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups.

Enterprise software
San Francisco
OpenDoor

OpenDoor is a real estate company based in the US.

Software
San Francisco
Revolut

Revolut is a London-based Fintech startup and bank offering mobile banking, card payments, money remittance, and foreign exchange services.

Mobile payment
London
CrossLend

CrossLend offers a cross-border marketplace lending platform that makes pan-European investments possible via a single platform.

Finance
Berlin
Spotify

A platform for listening to music and podcasts.

Music
Stockholm
Aetion

Leader in delivering real-world evidence (RWE) and outcomes-based analytics solutions to life science companies and payers.

Software
New York
GetYourGuide

Travel activity platform.

Tourism
Berlin
WeLab

WeLab is reinventing traditional financial services by creating seamless mobile lending experiences.

Finance
Hong Kong
Engineer.ai

Engineer.ai is an India, Texas-based company founded by Sachin Dev Duggal.

Software
India, Texas
Taulia (company)

Taulia is a San Francisco-based company founded in 2009 by Bertram Meyer, Philip Stehlik, Markus Ament and Martin Quensel.

Software as a service (SaaS)
San Francisco
Cadre (technology company)

Cadre is a New York City-based company which lets people invest in commercial and residential real estate.

Investment management
New York
Blockchain (company)

Blockchain is a blockchain and software development company offering hardware and software cryptocurrency wallets.

Bitcoin
Lenda

Real estate technology company aiming to streamline the home mortgage process. Lenda was acquired by Reali in April 2019.

Real estate technology
San Francisco
Cedar

Cedar is a New York-based company founded in 2016 by Arel Lidow.

Management
New York
Teralytics

Public transport
FiveAI

Artificial Intelligence company

Machine learning
Cambridge, Cambridgeshire
Glovo App

Glovo App is a Spain-based company.

Delivery (commerce)
Spain
Nebenan

nebenan.de is a social network for neighbors.

Local advertising
Berlin
Auterion

Auterion is a Switzerland-based company.

Software
Switzerland
solarisBank AG

Application programming interface (API)
Confide

Software

sennder

sennder is a Berlin-based company founded by Nicolas Stephan.

Logistics
Berlin
scoutbee

scoutbee is a business-to-business company.

Business-to-business
HomeToGo

HomeToGo is a Berlin-based company.

Tourism
Berlin
Avrios

Avrios is a Switzerland-based company.

Machine learning
Switzerland
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People

Name
Role
LinkedIn

Anja Gradl

Employee

Dharmash Mistry

Employee

Jenny E. Jung

Employee

Klaus Hommels

Founder

Manu Gupta

Employee

Oliver Heimes

Investor

René Kampschulte

Employee

Will Gibbs

Employee

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
AlleyWatch
June 27, 2020
AlleyWatch
The Pulse of New York Tech
June 5, 2020
WebWire
London Tech Week announces a series of virtual sessions called #LTWConnects, featuring an inspirational lineup of renowned speakers, to discuss the impact of the technology ecosystem on the key issues of our age including health, education, security, the future of work and the socio-economic inclusion of women and under-represented groups. The discussions will cover how UK tech is tackling our greatest challenges and the important role it will play in the world's future, alongside bringi...

References

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