Lakestar completes $265 million continuation fundraise to support startups like Revolut

According to Ha Shi Chain news, Lakestar, a European venture capital firm that was an early investor in Spotify and Revolut, has completed a $265 million continuation fundraise. Secondary market specialists Lexington Partners, along with Industry Ventures and Performance Equity Management, served as anchor investors. This oversubscribed fund allows Lakestar to transfer equity from four existing funds into the new fund, thereby extending the holding period for portfolio companies while providing liquidity to limited partners who wish to exit. Klaus Hommels, founder and chairman of Lakestar, stated that this fund is one of the largest continuation funds in the European venture capital space.