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

European VC firm Lakestar, known for backing companies like Revolut and Spotify, has raised a $265m continuation fund, among Europe’s largest to date.

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Miriam Partington

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.

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