About Lakestar
Lakestar is a venture capital firm founded in 2012. It is primarily based out of Zurich, Switzerland. As of May 2025, Lakestar is an active investor, having invested in 147 companies, with 9 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it led the $7M Series A round of Fuse along with NFX. This round also saw participation from Griffin Gaming Partners and other investors.
Overall, Lakestar portfolio has seen 12 unicorns, 8 IPOs and 32 acquisitions including key companies like Facebook, Opendoor and Glovo. A lot of funds co-invest with Lakestar, with names like a16z sharing a substantial percentage of its portfolio.
Lakestar has team of 52 people including 12 partners.
Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio Unicorns
Lakestar's List of Top Investments
Lakestar has a portfolio of 147 companies, including 12 unicorns. Their most notable investments are in 1047 Games and Mindgard.Their portfolio spans across United States, Germany, United Kingdom and 16 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 27 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Lakestar:1. Facebook
Provider of online social networking and related services. It offers a platform for users to connect with friends and family, share information, and engage in various online activities. The company provides tools for communication, including messaging and video calls. Additional services encompass photo and video sharing, and the development of related applications and technologies. It also offers advertising services to businesses.
Key facts about Facebook
- Founded Year: 2004
- Location: Menlo Park (United States)
- Annual Revenue: $13.5B as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $2.27B
- Employee Count: 67,317 as on Dec 31, 2023
- Investors: Vulcan Capital, Hercules Capital and 111 Others
- Latest Funding Round: Grant (prize money), Jan 15, 2017, $490
- Highlight: Public
2. Opendoor
Provider of an app-based reseller of residential properties. The platform enables property sellers to information about the property, schedule video assessments, and receive offers based on comparative market analysis. Provides home inspection and mortgage solutions. Their app is available on Android and iOS devices.
Key facts about Opendoor
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $1.35B
- Employee Count: 2,313 as on Dec 31, 2022
- Investors: Access Industries, General Atlantic and 75 Others
- Latest Funding Round: Post IPO, Aug 18, 2021, $850M
- Highlight: Public
3. Glovo
Online marketplace offering multi-category grocery products. The product catalog includes fruits, vegetables, oil, honey, snacks, bakery products, beverages, meat, seafood, dairy products, and much more. It also offers food from restaurants.
Key facts about Glovo
- Founded Year: 2015
- Location: Barcelona (Spain)
- Last Known Valuation: $1.7B as on Apr 01, 2021
- Stage: Acquired
- Total Funding till date: $1.16B
- Investors: Idinvest Partners, Mubadala and 58 Others
- Latest Funding Round: Series F, Apr 01, 2021, $528M
- Highlight: Acquired
4. SoFi
Online platform for consumer loans. It offers multiple loan products including personal loans, student loans, home loans, business loans, and more. It also offers insurance including life insurance, home insurance, and more. It also features an app-based platform for trading stocks, ETFs, crypto, and accessing financial services. The app is available on IOS and Android devices.
Key facts about SoFi
- Founded Year: 2011
- Location: San Francisco (United States)
- Annual Revenue: €28.7K as on Dec 31, 2023
- Stage: Public
- Total Funding till date: $3.04B
- Employee Count: 3,066 as on Dec 31, 2023
- Investors: Silver Lake, GPI Capital and 75 Others
- Latest Funding Round: Post IPO, Feb 18, 2024
- Highlight: Public
5. Revolut
Provider of banking solutions for retail customers and businesses. It provides users with a platform that offers a comprehensive suite of features designed to simplify financial management and enhance user experience.
Key facts about Revolut
- Founded Year: 2015
- Location: London (United Kingdom)
- Annual Revenue: £1.37B as on Dec 31, 2023
- Valuation: $45B as on Aug 16, 2024
- Stage: Series E
- Total Funding till date: $1.99B
- Employee Count: 1,614 as on Dec 31, 2022
- Investors: TCV, JPMorgan Chase and 132 Others
- Latest Funding Round: Series E, Feb 18, 2025, $1.05M
- Highlight: Editors' Pick
Lakestar's Year-on-Year Investment Trends
Lakestar has invested in 147 companies over the last 13 years, with an average of 10 new investments annually in the last 10 years. In 2024, it made 19 investments, while as of May 2025, it has made 5 investments in this year. Its most recent first time investment was in Vertice and most recent follow-on round was in Fuse.
Year | No. of Investments | ||
---|---|---|---|
1st Round | Follow-on | Total | |
2025 (YTD) | 1 | 4 | 5 |
2024 | 12 | 7 | 19 |
2023 | 9 | 6 | 15 |
2022 | 12 | 4 | 16 |
2021 | 16 | 15 | 31 |
2020 | 13 | 12 | 25 |
2019 | 12 | 5 | 17 |
2018 | 9 | 6 | 15 |
2017 | 10 | 2 | 12 |
2016 | 2 | 4 | 6 |
Get Lakestar's portfolio delivered to your inbox!
Lakestar's Investments by Stage
Lakestar has made 48 investments in Seed stage with an average round size of $7.45M, 36 investments in Series A stage with an average round size of $15.3M and 18 investments in Series B stage with an average round size of $50.1M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Seed | 48 |
Series A | 36 |
Series B | 18 |
Series C | 10 |
Series D | 4 |
Others | 2 |
Lakestar's Investments by Sector
Lakestar has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Consumer and Vertical SaaS. Notably, it has invested in 137 Tech companies, 89 Enterprise (B2B) companies, 72 Software companies and at least 65 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Enterprise Applications | 55 |
FinTech | 36 |
High Tech | 30 |
Consumer | 27 |
Vertical SaaS | 16 |
Others | 137 |
Lakestar's Investments by Geography
Lakestar has made most investments in United States (34), followed by Germany where it has made 33 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
United States | 34 |
Germany | 33 |
United Kingdom | 27 |
Switzerland | 7 |
France | 5 |
Others | 13 |
Lakestar's recent investments
Here are the most recent investments by Lakestar:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
May 08, 2025 | United States | Series A | $7M | ||
Jan 30, 2025 | France | Series B | $43.8M | Eight Roads Ventures [+4] | |
Jan 23, 2025 | Sweden | Series B | $260M | ||
Jan 22, 2025 | United States | Series C | $50M | Perpetual Investment [+3] | |
Jan 14, 2025 | Germany | Series B | $51.1M | Cathay Innovation [+4] |
Unicorns in Lakestar's Portfolio
Here is a list of unicorns in Lakestar's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
---|---|---|---|---|---|---|---|
55 | Platform offering solutions for preventive health scans | 2018 | Stockholm | Series B | xjelflm | ||
78 | Developer of an online platform for point-of-sale financing | 2005 | Stockholm | Series H | {qxgajp | ||
77 | News media platform for soccer | 2008 | Berlin | Series D | fwfnxsw | ||
71 | Tech enabled trucking services | 2015 | Berlin | Series D | vu{wihj | ||
80 | App-based health insurance platform for individuals and businesses | 2016 | Paris | Series F | cpsyval |
IPOs and Publicly Listed companies in Lakestar's Portfolio
Here are Lakestar's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
Jun 01, 2021 | - | - | - | |
Mar 03, 2021 | Feb 22, 2016 | Series D | $400M | |
Dec 21, 2020 | Dec 12, 2016 | Series D | $210M | |
Apr 06, 2018 | - | - | - | |
May 18, 2012 | - | - | - |
Acquired companies in Lakestar's Portfolio
Here are Lakestar's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
May 15, 2025 | Mar 20, 2017 | Series A | $11.2M | |
Mar 25, 2025 | Mar 07, 2018 | Series B | $70M | |
Jun 06, 2024 | Nov 14, 2019 | Series B | $37M | |
Jan 30, 2024 | Apr 22, 2015 | Series A | $3.5M | |
Dec 01, 2023 | - | - | - |
Team profile of Lakestar
Lakestar has a team of 52 members including 12 Partners, 4 Venture Partners and 16 Principals located in United Kingdom, Germany and 5 more locations. Lakestar's team sits on the board of 2 companies.Here is a list of top team members in Lakestar:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Zurich | - | - | |
Partner | Berlin | - | ||
Partner | Zurich | - | - | |
Partner | Berlin | - | - | |
Partner | London | - | - | |
Partner | London | - | - | |
Partner | Zurich | - | - | |
Partner | Zurich | - | - | |
Partner | London | - | - | |
Partner | Munich | - | - | |
Partner | Switzerland | - | - |
Co-investors of Lakestar
Over the past 13 years, 1098 investors have co-invested in Lakestar's portfolio companies.
- Invested before Lakestar: Thrive Capital, Global Founders Capital and 360 others have invested in rounds before Lakestar. There are 5 companies where Thrive Capital has invested before Lakestar and 5 companies where Global Founders Capital has invested before Lakestar.
- Top Co-investors of Lakestar: 332 investors entered a company along with Lakestar. These include investors like a16z (4 companies).
- Invested after Lakestar: A total of 404 investors have invested in Lakestar's portfolio after their investments. Top Investors include Tiger Global Management (6 companies), Baillie Gifford (4 companies) and SoftBank Vision Fund (3 companies).
Get full list of Lakestar's co-investors delivered to your inbox!
Recent News related to Lakestar
•
•
Ravical Raises €7.3M to Put AI at the Heart of Europe’s Expert FirmsStartup Rise EU•May 21, 2025•Lakestar
•
Griffin Gaming Leads $7M Fuse Games RaiseLos Angeles Business Journal•May 12, 2025•Griffin Gaming Partners, Actera Group, NFX, Lakestar
•
Turkey's Fuse Games Secures $7 Million in FundingFinSMEs•May 08, 2025•Fuse, Griffin Gaming Partners, Lakestar, NFX
•
Griffin Gaming Partners Leads $7 Million Investment in Turkish Game Studio Fuse GamesVentureBeat•May 08, 2025•Fuse, Griffin Gaming Partners, Lakestar, NFX and 1 other
•
Griffin Gaming Partners Invests $7 Million in Fuse GamesThe Joplin Globe•May 07, 2025•Fuse Games, Griffin Gaming Partners, Actera Group, NFX and 1 other
•
Fuse Games Secures $7 Million InvestmentMobidictum•May 07, 2025•Fuse Games, Griffin Gaming Partners, Actera Group, NFX and 1 other
•
Aviva commits €11.4M to Revolut-backer Lakestar’s fund to back European tech disruptorsTech Funding News•Apr 16, 2025•Aviva Investors, Lakestar
•
Reneo snaps €600M to lead Germany’s brown-to-green real estate shiftTech Funding News•Feb 20, 2025•Reneo, Eurazeo, Lakestar, Foundamental and 4 others
•
Sarepta Therapeutics Announces Inaugural $600 Million Senior Secured Revolving Credit FacilityBusiness Wire•Feb 14, 2025•Sarepta, JPMorgan Chase, Morgan Stanley, Barclays and 14 others