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
Inside Earlybird’s succession plan to pass on the management company in 10 years
The firm will pass shares of the management company down to the younger generation of general partners for free — with a caveat
The 20 companies that landed Europe’s largest equity deals ever
UK and German startups take the biggest spoils
Why a vegan sausage pioneer is setting up an AI law firm called Keith
“I think after illness and relationship breakdown, the biggest source of anguish in life is conveyancing,” says THIS cofounder Andy Shovel — and he's raised £2m to do something about it


