European VC firm Lakestar, known for backing companies like Revolut and Spotify, has raised a $265m continuation fund, among Europe’s largest to date.
News
August 28, 2025
Spotify and Revolut-backer Lakestar closes $265m continuation fund
Continuation funds allow VC firms to hold onto mature companies for longer
2 min read
Miriam Partington was a senior reporter at Sifted, based in Berlin. She covered the DACH region and the future of work, and wrote Startup Life , a weekly newsletter on what it takes to build a startup.

Up Round newsletter
Your weekly snapshot of European VC, covering the latest funding trends, new VC funds, people moves and gossip.
Recommended
The European VCs hiring in spring 2026
From Creandum and Northzone to Visionaries and Antler, these are the VCs currently in the market for fresh talent
These are the top 10 physical AI hubs in Europe
€7bn and counting: here’s where the most deals happened in the last two years
Three lessons from Silicon Valley for Europe
Billboards scream AI dominance in San Francisco — but the continent's path may lie elsewhere


