# Lakestar: portfolio, investments and team

> Lakestar is a vc firm based in Switzerland. 168 investments on record, 40 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/lakestar (Millionrounds; every figure on the page links to its filing or article)

Switzerland · [Investor](https://millionrounds.com/investors)

# Lakestar

Last cheque observed Oct 2026; 168 cheques on record.

Email

Deploying now New fund $3.6M, Aug 2022 VC firm

Pre-seed Seed Series A Decentralization HR Hiring

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Deploying now

**100%** of best year **40** **cheques in 12 months**, 168 on record

Since the last cheque **1** days **00** hrs **00** min **00** sec

Median round **$18M** Cheque size, as they say **$100K – $70M** Rounds led **8 of 168** Sole investor **12 rounds** Exits **2 from the portfolio** Mostly in **United Kingdom, 30%**

Pitch Lakestar

## Lakestar highlights

- 01 40 cheques in the last 12 months
- 02 Mostly Seed and Series A: 50% of its rounds
- 03 Sole investor in 12 rounds, median $6.7M
- 04 2 exits from the portfolio

## What they do

> Lakestar is the investment firm founded by Dr. Klaus Hommels in 2012. It has over $6 billion in assets under management, on a platform that spans institutional venture capital funds and personal investments across stages and geographies. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $70M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth Pre-IPO
- **Sectors:** Decentralization HR Hiring
- **Based in:** Zürich, Switzerland
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **168 appearances**

- **2026** 31 rounds
- **Oct** **[Ares Intelligence](https://millionrounds.com/company/ares-intelligence)** Seed · GB · EU-Startups **$3.2M** With 1 other
- **Oct** **[Ravical](https://millionrounds.com/company/ravical)** Seed · Fintech Global **$17M** With 3 others
- **Sept** **[Exein](https://millionrounds.com/company/exein)** Growth · IT · eCapital Entrepreneurial Partners **$270M** With 16 others
- **Sept** **[Modulate](https://millionrounds.com/company/modulate)** Venture · US · Google News search **$25M** With 5 others
- **Aug** **[Twin1 AI](https://millionrounds.com/company/twin1-ai)** Seed · US · TechStartups **$20M** With 19 others
- **Aug** **[Cambridge Aerospace](https://millionrounds.com/company/cambridge-aerospace)** Series C · GB · Silicon Canals **$300M** With 6 others
- **Aug** **[Mindgard](https://millionrounds.com/company/mindgard)** Series A · GB **$30M** With 3 others
- **Jul** **[Neko Health](https://millionrounds.com/company/neko-health)** Series C · SE · Steven Bartlett **$700M** With 19 others
- **Jul** **[Omio](https://millionrounds.com/company/omio)** Venture · DE **$10M** With 4 others
- **Jul** **[Revolut](https://millionrounds.com/company/revolut)** Venture · GB **Undisclosed** With 4 others
- **Jun** **[Dominion Dynamics](https://millionrounds.com/company/dominion-dynamics)** Series A · CA · Ventureburn **$98M** With 17 others
- **Jun** **[Alan](https://millionrounds.com/company/alan)** Growth · FR · TechStartups **$545M** With 7 others
- **Jun** **[Timefold](https://millionrounds.com/company/timefold)** Series A · BE · Smartfin **$13M** With 3 others
- **Jun** **[Isar Aerospace](https://millionrounds.com/company/isar-aerospace)** Series D · DE · Ventureburn **$312M** With 8 others
- **Jun** **[SE3 Labs](https://millionrounds.com/company/se3-labs)** Seed · DE **$6.3M** With 2 others
- **May** **[Pit](https://millionrounds.com/company/pit)** Seed · SE **$16M** With 1 other
- **Apr** **[Firenze](https://millionrounds.com/company/firenze)** Series A · GB **$8.1M** With 3 others
- **Mar** **[Alan](https://millionrounds.com/company/alan)** FR · TechCrunch **$116M** With 9 others
- **Mar** **[Validio](https://millionrounds.com/company/validio)** Series A · SE · Ventureburn **$30M** With 5 others
- **Mar** **[UFORCE](https://millionrounds.com/company/uforce)** Seed · GB **$50M** With 3 others
- **Mar** **[Entrepreneurs First](https://millionrounds.com/company/entrepreneurs-first)** Series D · GB **$200M** With 4 others
- **Feb** **[TYTAN Technologies](https://millionrounds.com/company/tytan-technologies)** Series A · DE · NATO Innovation Fund (NIF) **$35M** With 7 others
- **Feb** **[Onodrim Industries](https://millionrounds.com/company/onodrim-industries)** Seed · Ventureburn **$47M** With 3 others
- **Feb** **[constellr](https://millionrounds.com/company/constellr)** Series A · DE **$44M** With 2 others
- **Feb** **[Bluprynt](https://millionrounds.com/company/bluprynt)** Seed · US **$4.3M** With 3 others
- **Jan** **[ZBD](https://millionrounds.com/company/zbd)** Series C · US · Ventureburn **$40M** With 3 others
- **Jan** **[Twentyfour Industries](https://millionrounds.com/company/twentyfour-industries)** Seed · DE **$12M** With 2 others
- **Jan** **[Antidote Legal](https://millionrounds.com/company/antidote-legal)** Seed · GB **$4.7M** With 2 others
- **Jan** **[WeLab](https://millionrounds.com/company/welab)** Series D · HK **$220M** With 4 others
- **Jan** **[Cosine](https://millionrounds.com/company/cosine)** Venture · US **$534K** With 4 others
- **Jan** **[GeneralMind](https://millionrounds.com/company/generalmind)** Pre-seed · DE **$12M** With 1 other
- **2025** 31 rounds
- **Dec** **[Runware](https://millionrounds.com/company/runware)** Series A · Comcast Ventures **$50M** With 7 others
- **Dec** **[Limehome](https://millionrounds.com/company/limehome)** Venture · DE **$88M** With 2 others
- **Dec** **[Matta](https://millionrounds.com/company/matta)** Seed · GB **$14M** With 4 others
- **Dec** **[Exein](https://millionrounds.com/company/exein)** Venture · IT **$117M** With 3 others
- **Dec** **[SoFi](https://millionrounds.com/company/sofi)** US **$1.5B** With 6 others
- **Dec** **[Fuse Energy](https://millionrounds.com/company/fuse-energy)** Series B · GB **$69M** With 3 others
- **Nov** **[Juo](https://millionrounds.com/company/juo)** Seed · PL · Peak **$4.6M** With 4 others
- **Nov** **[Auterion](https://millionrounds.com/company/auterion)** Venture · CH **Undisclosed** With 2 others
- **Nov** **[Monq](https://millionrounds.com/company/monq)** Pre-seed · GB **$3.0M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

RJ **Robert Jones** Director of the General Partner i Filing they signed

We also hold **28** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**4+** funds on file numbered funds in its name

Who backs their funds

## 3 LPs on record in Lakestar's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: an LP list.

- [**Rancilio Cube** 1 fund](https://millionrounds.com/fund/rancilio-cube) Fund Vintage Committed Lakestar - -
- [**Axel Springer Digital Ventures** 1 fund](https://millionrounds.com/fund/axel-springer-digital-ventures) Fund Vintage Committed Lakestar - -
- [**Id4 Ventures** 1 fund](https://millionrounds.com/fund/id4-ventures) Fund Vintage Committed Lakestar - -

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Maker Studios](https://millionrounds.com/company/maker-studios)** Bought by [The Walt Disney Company](https://millionrounds.com/fund/the-walt-disney-company) **$500M** Mar 2014

**[Maker Studios](https://millionrounds.com/company/maker-studios)** Bought by Disney **$450M** 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$3.6M**

raised in Aug 2022

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$18M** the round, not its cheque Alone, median **$6.7M**

Led 8 of 168 rounds **5%**

- **Said size:** $100K – $70M
- **Sole investor:** 12 rounds
- **Last cheque:** Oct 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Seed said *37*
- Series A said *28*
- Venture *28*
- Series B said *26*
- Series C *10*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [General Catalyst](https://millionrounds.com/fund/general-catalyst) 11
- [Atomico](https://millionrounds.com/fund/atomico) 8
- [Temasek Holdings](https://millionrounds.com/fund/temasek) 8
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 7
- [HV Capital](https://millionrounds.com/fund/hv-capital) 7
- [SV Angel](https://millionrounds.com/fund/sv-angel) 7

**Pitching Lakestar?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Lakestar. A count of rooms they were both in, not a relationship either has claimed.

[**General Catalyst** VC firm **11** rounds together](https://millionrounds.com/fund/general-catalyst)[**Atomico** VC firm **8** rounds together](https://millionrounds.com/fund/atomico)[**Temasek Holdings** VC firm **8** rounds together](https://millionrounds.com/fund/temasek)[**Andreessen Horowitz** VC firm **7** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**HV Capital** VC firm **7** rounds together](https://millionrounds.com/fund/hv-capital)[**SV Angel** VC firm **7** rounds together](https://millionrounds.com/fund/sv-angel)[**Accel** VC firm **6** rounds together](https://millionrounds.com/fund/accel)[**BoxGroup** VC firm **6** rounds together](https://millionrounds.com/fund/boxgroup)[**FJ Labs** VC firm **6** rounds together](https://millionrounds.com/fund/fj-labs)[**IQ Capital** VC firm **6** rounds together](https://millionrounds.com/fund/iq-capital)[**Index Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/index-ventures)[**Lightspeed Venture Partners** VC firm **6** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)

## Recently backed

The latest companies Lakestar put money into.

[**Ravical** $17M · Oct 2026](https://millionrounds.com/company/ravical)[**Exein** $270M · Sept 2026](https://millionrounds.com/company/exein)[**Modulate** $25M · Sept 2026](https://millionrounds.com/company/modulate)[**Twin1 AI** $20M · Aug 2026](https://millionrounds.com/company/twin1-ai)[**Cambridge Aerospace** $300M · Aug 2026](https://millionrounds.com/company/cambridge-aerospace)[**Mindgard** $30M · Aug 2026](https://millionrounds.com/company/mindgard)

## On podcasts

3 episodes naming Lakestar in the title, and 4 more that mention it.

- [Scaling Europe](https://millionrounds.com/podcasts/scaling-europe) 8 Oct 2025 · 21 min Enrico Mellis, Partner at Lakestar (+ a guest appearance from the guy building the European SpaceX) With [Enrico Mellis](https://millionrounds.com/person/enrico-mellis) Mentions [Lakestar](https://millionrounds.com/fund/lakestar) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 27 Nov 2024 · 1h 10m 20VC: Why Price Sensitivity is BS | Why "Portfolios" are Merely a Construct to Make LPs Happy | Why the Best Investment Never Happen in "Fundraising Rounds" | What Europe Needs to do to Become a Superpower Again | Klaus Hommels, Lakestar Mentions [Klaus Hommels](https://millionrounds.com/fund/klaus-hommels)[Lakestar](https://millionrounds.com/fund/lakestar)[Innovation Fund](https://millionrounds.com/fund/innovation-fund) Apple PodcastsShow page
- [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 19 Feb 2021 · 28 min Opera's fintech push unpacked, Deliveroo loses in 🇳🇱 court, Sinch's biggest acquisition, Lakestar SPAC Mentions [Lakestar](https://millionrounds.com/fund/lakestar)[Klaus Hommels](https://millionrounds.com/fund/klaus-hommels) Apple PodcastsShow page

### Mentioned in

- [Startuprad.io](https://millionrounds.com/podcasts/startuprad) 3 Sept 2026 · 29 min Startup News Germany, Austria, Switzerland July 2026: The Structural Rotation Apple PodcastsShow page
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 18 Sept 2023 · 1h 1m 783. News: Adyen’s new banking licence, Perfios’ raise, and the secret to fintech success Apple PodcastsShow page
- [Tech.eu](https://millionrounds.com/podcasts/tech-eu) 26 Feb 2021 · 33 min Bodyguard against toxicity, no SPACs for Klarna, gig economy in Europe Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 22 Sept 2017 · 28 min 20VC: Raising Over $700m From The World's Best Investors, How To Innovate In Highly Regulated Markets & The 3 Superpowers of Insurance Companies with Mario Schlosser, Founder & CEO @ Oscar Apple PodcastsShow page

## Quick answers about Lakestar

### What does Lakestar invest in?

Lakestar invests most often at Seed and Series A (50% of the rounds on record), in sectors such as Decentralization, HR and Hiring.

### How active is Lakestar?

168 investments on record, 40 of them in the last 12 months, and it led 8. The most recent was in Oct 2026.

### What has Lakestar invested in recently?

Its most recent investments on record: Ares Intelligence (Seed, Oct 2026), Ravical (Seed, Oct 2026) and Exein (Growth, Sept 2026).

### How big are Lakestar's cheques?

The median round it joins is $18M. It says it writes cheques of $100K to $70M.

### Does Lakestar lead rounds?

Sometimes: it led 8 of its 168 investments on record (5%).

### Where does Lakestar invest?

Most of the companies it backs are in the United Kingdom (30%), Germany (22%) and the United States (16%).

### Is Lakestar investing now?

Yes: it is actively investing, with 40 investments in the last 12 months.

### Who does Lakestar invest alongside?

Most often General Catalyst (11 rounds together), Atomico (8 rounds together) and Temasek Holdings (8 rounds together).

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