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Venture Capital
lakestar.com

Investments

166

Portfolio Exits

25

Funds

4

Partners & Customers

1

About Lakestar

Lakestar enjoys investing in Internet and technology companies, with a specific focus on business models that can achieve global scale quickly.

Headquarters Location

Bahnhofstrasse 18

Zurich, 8001,

Switzerland

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Latest Lakestar News

Blockchain.com Receives $110 Million in Series E Funding Led by Kingsway Capital

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.

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Lakestar Investments Activity

investments chart

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

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$99M

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10

9/5/2023

Seed VC

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$99M

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10

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

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Amount

$110M

$7.6M

$99M

$99M

New?

No

Yes

No

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Co-Investors

First Momentum Ventures, Foundamental, QED Investors, Sequoia, and Undisclosed Angel Investors

Dungeon Masters, Moonfire, and Undisclosed Angel Investors

Sources

5

1

1

10

10

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

$99M

2

1/5/2023

Acq - Fin

$99M

1

5/20/2022

Acquired

$99M

1

4/13/2022

Corporate Majority

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$99M

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10

4/12/2022

Acquired

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$99M

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10

Date

11/30/2023

1/5/2023

5/20/2022

4/13/2022

4/12/2022

Exit

Acquired

Acq - Fin

Acquired

Corporate Majority

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

1

1

10

10

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

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$99M

10

8/23/2015

Lakestar II

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$99M

10

7/2/2013

Lakestar I

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$99M

10

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

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Status

Closed

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Amount

$735M

$99M

$99M

$99M

Sources

1

10

10

10

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

Lakestar to chair new “Venture Building” Working Group. Crypto Valley Association Announces Strategic Partnership with Lakestar, Unlocking Technology Scaling Expertise For Members - Crypto Valley Association

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

Lakestar to chair new “Venture Building” Working Group. Crypto Valley Association Announces Strategic Partnership with Lakestar, Unlocking Technology Scaling Expertise For Members - Crypto Valley Association

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

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Name

Klaus Hommels

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Work History

Title

Founder

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Status

Current

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