Lakestar raises US$735mil for Europe bets


BERLIN: Venture capital investor Lakestar says it has raised a total of US$735mil for early- and growth stage funds that will invest mainly in Europe, while adding new faces to its top leadership team.

Zurich-based Lakestar, founded in 2013, will invest one-third of the commitments to its Early Stage fund and two thirds to its Growth Stage fund as venture investing in Europe achieves increasing scale.

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