Investments
166Portfolio Exits
25Funds
4Partners & Customers
1Latest Lakestar News
Nov 15, 2023
Alongside Kingsway Capital, the Series E round saw participation from several notable firms, including Baillie Gifford, Lakestar, LSVP, GV, Access Industries, Moore Capital, Prudence, Freeman Capital, Coinbase Ventures, and Pledge Ventures. In the meantime, Manny Stotz, CEO of Kingsway Capitaland, and Nicolas Brand, Partner of Lakestar, have joined the Blockchain.com Board of Directors, This round of financing resets Blockchain.com’s market valuation, which now sits at less than $7 billion, according to Bloomberg ’s conversation with a person familiar with the matter. This figure contrasts with the $14 billion valuation the company achieved in March 2022. Just before the major crises in the blockchain and crypto industry, the company completed a Series D funding round including Baillie Gifford and Lightspeed Venture Partners. This previous round valued Blockchain.com at $14 billion, up from $5.2 billion. Blockchain.com’s Response to Crypto Winter Blockchain.com, established as an early player in the cryptocurrency exchange domain, has been pivotal in shaping the digital asset economy. Renowned for its trading platform and crypto wallet , the company facilitates a range of crypto transactions, catering to both individual and institutional clients. But the crypto winter hit hard. In July 2022, Blockchain.com announced that it would close their Argentina-based offices and halt expansion plans in several other countries. The company later decided to lay off 25% of its workforce , approximately 150 employees, in the same month due to the financial losses caused by the harsh bear market. In addition, Blockchain.com CEO Peter Smith said in a letter to shareholders that the failed Three Arrows Capital (3AC) was “rapidly becoming insolvent and the default impact is approximately [USD] 270 million worth of cryptocurrency and US dollar loans from Blockchain.com.” Enter your email for our Free Daily Newsletter A quick 3min read about today's crypto news! Sign Up
Lakestar Investments
166 Investments
Lakestar has made 166 investments. Their latest investment was in Blockchain.com as part of their Series E on November 11, 2023.
Lakestar Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/14/2023 | Series E | Blockchain.com | $110M | No | 5 | |
10/25/2023 | Seed VC | Project B | Yes | First Momentum Ventures, Foundamental, QED Investors, Sequoia, and Undisclosed Angel Investors | 1 | |
10/19/2023 | Seed VC - II | Quest Portal | $7.6M | No | Dungeon Masters, Moonfire, and Undisclosed Angel Investors | 1 |
9/13/2023 | Series B | |||||
9/5/2023 | Seed VC |
Date | 11/14/2023 | 10/25/2023 | 10/19/2023 | 9/13/2023 | 9/5/2023 |
|---|---|---|---|---|---|
Round | Series E | Seed VC | Seed VC - II | Series B | Seed VC |
Company | Blockchain.com | Project B | Quest Portal | ||
Amount | $110M | $7.6M | |||
New? | No | Yes | No | ||
Co-Investors | First Momentum Ventures, Foundamental, QED Investors, Sequoia, and Undisclosed Angel Investors | Dungeon Masters, Moonfire, and Undisclosed Angel Investors | |||
Sources | 5 | 1 | 1 |
Lakestar Portfolio Exits
25 Portfolio Exits
Lakestar has 25 portfolio exits. Their latest portfolio exit was Cadre on November 30, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
11/30/2023 | Acquired | 2 | |||
1/5/2023 | Acq - Fin | 1 | |||
5/20/2022 | Acquired | 1 | |||
Date | 11/30/2023 | 1/5/2023 | 5/20/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acq - Fin | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 1 | 1 |
Lakestar Fund History
4 Fund Histories
Lakestar has 4 funds, including Lakestar Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
2/25/2020 | Lakestar Fund | Multi-Stage Venture Capital | Closed | $735M | 1 |
12/5/2018 | Lakestar Growth I | ||||
8/23/2015 | Lakestar II | ||||
7/2/2013 | Lakestar I |
Closing Date | 2/25/2020 | 12/5/2018 | 8/23/2015 | 7/2/2013 |
|---|---|---|---|---|
Fund | Lakestar Fund | Lakestar Growth I | Lakestar II | Lakestar I |
Fund Type | Multi-Stage Venture Capital | |||
Status | Closed | |||
Amount | $735M | |||
Sources | 1 |
Lakestar Partners & Customers
1 Partners and customers
Lakestar has 1 strategic partners and customers. Lakestar recently partnered with Crypto Valley on May 5, 2018.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
5/14/2018 | Partner | Switzerland | Through its partnership with Lakestar , the Crypto Valley Association will greatly benefit in its work as an independent , nonprofit association building one of the world 's leading blockchain and cryptographic ecosystems . | 2 |
Date | 5/14/2018 |
|---|---|
Type | Partner |
Business Partner | |
Country | Switzerland |
News Snippet | Through its partnership with Lakestar , the Crypto Valley Association will greatly benefit in its work as an independent , nonprofit association building one of the world 's leading blockchain and cryptographic ecosystems . |
Sources | 2 |
Lakestar Team
5 Team Members
Lakestar has 5 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Klaus Hommels | Founder | Current | |
Name | Klaus Hommels | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Founder | ||||
Status | Current |
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