TLDR:
- Lakestar’s fourth early-stage fund closed on €280m, exceeding its target of €250m.
- The firm’s second growth vehicle closed on €320m, falling short of its €750m target.
Article Summary:
Lakestar recently concluded fundraising for both its early-stage fund and growth vehicle. The firm’s fourth early-stage fund surpassed expectations by closing on €280m, surpassing its initial target of €250m. However, Lakestar’s second growth vehicle fell short of its goal, closing on €320m, which was below the €750m target. This successful fundraising for the early-stage fund indicates strong investor interest in Lakestar’s early-stage investment opportunities. On the other hand, the growth vehicle’s shortfall may suggest challenges in attracting sufficient capital for larger-scale investments. Lakestar’s ability to secure funds for its early-stage fund highlights investor confidence in the firm’s ability to identify and nurture promising startups. Overall, Lakestar’s fundraising results demonstrate a mixed outcome, with success in the early-stage fund, but falling short in the growth vehicle category.
