The advisors for the fundraisings and closing of Lakestar’s latest super fund generation

Clifford Chance announced the successful fundraisings and closing of Lakestar‘s latest fund generation, Lakestar Early IV and Lakestar Growth II, bringing Lakestar’s assets under management to a total of €2 billion.

The Clifford Chance team was led by partner Sonya Pauls (Funds, Munich, pictured) and supported by partners Laura Underhill (Tax, London), Avrohom Gelber (Tax, New York), counsel Hannah Richard (Tax, New York), law clerk (US) Kevin Merchant (Funds, London), transaction lawyer Alina Hochberger (Funds, Munich).

Details on Lakestar and its funds

As a long-standing champion for Europe’s digital sovereignty, Lakestar invests in disruptive businesses enabled by technology and founded by exceptional entrepreneurs in Europe and beyond, through dedicated early-stage and growth funds.

Both new funds will focus their investments across geographies, with a focus on Europe in sectors such as AI, digitalisation, deep tech, healthcare, and fintech. The funds are aligned with Lakestar’s commitment to forge a stronger future for Europe by nurturing the region’s innovation and tech ecosystem through the funding of business models which support economic growth and social prosperity. These new funds have already led investments in tech companies such as energy supplier platform Fuse Energy (UK), embedded finance solution Swan (France), healthtech company Nelly (Germany), NEKO Health (Sweden), the preventative health care technology company co-founded by Daniel Ek, and AI text-to-video technology platform Colossyan (UK/Hungary).

Lakestar’s new funds are complemented by the company’s partnership with some of the leading European Tech Universities, such as TUM (UnternehmerTUM), (voted number 1 startup hub in Europe according to the FT), ETH, Aachen and Oxford. Its advisory board includes well-known names both from the business and political community, helping founders with connections or questions in the political and regulatory environment. Lakestar also continues to invest alongside some of Europe’s best-known angels through its ‘Halo Fund’, a community-based angel programme designed to co-invest with European angels in pre-seed stage deals.

With the closing of the two funds, Lakestar will deploy new capital backed by a great variety of limited partners (LPs), including sovereign wealth funds, family offices, fund of fund investors and other national and international institutional and individual players, including founders.