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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

February 23, 2021
No-code raises a $16 million in Series B funding round led by Lakestar.

Existing investors Accel and Cherry Ventures also joined the round which takes Rows to $25 million in overall funding.

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.

OpenDoor is a San Francisco-based real estate technology company offering virtual and streamlined real estate buying and selling founded in 2014 by Keith Rabois, Eric Wu, JD Ross and Ian Wong.

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

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

Public.com is a New York City and Copenhagen-based developer of an investing and social media platform which offers commission free investing with a social community around it.

EverString delivers AI-enabled solutions for marketing professionals.

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

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

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

ShapeShift is a Denver-based company that facilitates cryptocurrency exchange.

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

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

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

Eigen Technologies is a London-based artificial intelligence company founded in 2014.

Soul Machines is an Auckland-based artificial intelligence company developing a platform for creating digital avatars.

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

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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
Reza Chowdhury
April 7, 2021
AlleyWatch
The Pulse of New York Tech
Ingrid Lunden
February 23, 2021
TechCrunch
Spreadsheet software -- led by products like Microsoft's Excel, Google's Sheets and Apple's Numbers -- continues to be one of the most-used categories of business apps, with Excel alone clocking up more than a billion users just on its Android version. Now, a startup called Rows that's built on that ubiquity, with a low-code platform [...]
Ingrid Lunden
February 23, 2021
TechCrunch
Spreadsheet software -- led by products like Microsoft's Excel, Google's Sheets and Apple's Numbers -- continues to be one of the most-used categories of business apps, with Excel alone clocking up more than a billion users just on its Android version. Now, a startup called Rows that's built on that ubiquity, with a low-code platform [...]
Callum Burroughs
February 23, 2021
Business Insider
Berlin-based no code startup Rows has raised $16 million to take on Google Sheets and Microsoft Excel.
Mike Butcher
February 2, 2021
TechCrunch
Holded, a platform billing itself as an ERP aimed at small businesses, has raised a €15M Series B funding round led by VC firm Elaia, together with Lakestar, Nauta Capital and Seedrocket. Holded says it gives small business access to ERP-style planning across invoicing, accounting, sales, project management, inventory management and HR, in one dashboard. It's [...]
Mike Butcher
February 2, 2021
TechCrunch
Holded, a platform billing itself as an ERP aimed at small businesses, has raised a €15M Series B funding round led by VC firm Elaia, together with Lakestar, Nauta Capital and Seedrocket. Holded says it gives small business access to ERP-style planning across invoicing, accounting, sales, project management, inventory management and HR, in one dashboard. It's [...]
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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