Skip to content
Subscriber Only

Lakestar Is Said to Be Raising Largest-Ever European VC Fund

  • Investor targeting a final close of around $800 million
  • Founder backer of startups including Spotify, Facebook, Skype
Klaus Hommels in 2014.

Klaus Hommels in 2014.

Photographer: Anthony Harvey/Getty Images

Venture capital firm Lakestar is attempting to raise the largest-ever European fund for startup investments -- another sign that the region’s entrepreneurs are continuing to attract floods of potential suitors.

Lakestar is targeting a close of around $800 million, according to three people with knowledge of the plans, asking not to be named because the matter was private. There was no certainty on the final amount and discussions with investors are still ongoing, one of the people said.