Revolut backer Lakestar secures $265 million funding round

Odaily Planet Daily reports that Lakestar, a European venture capital firm that made early investments in Spotify and Revolut, has announced the completion of a $265 million funding round. Secondary market specialist Lexington Partners served as anchor investors alongside Industry Ventures and Performance Equity Management. This oversubscribed fund enables Lakestar to roll equity from four existing funds into the new fund, extending its holding period in portfolio companies while also providing liquidity for limited partners seeking exits. (Techfundingnews)