Big Investors Are Finding Ripe Start-Up Targets in Europe
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Klaus Hommels in the Berlin offices of Lakestar, an investment company that has increased its wager on European start-ups. CreditRobbie Lawrence for The New York Times
Klaus Hommels has invested in some of Europe’s most successful start-ups. That includes Spotify, the music-streaming service, and Klarna, a Swedish online payments company valued at more than $2 billion. He has also backed several American tech giants like Facebook and Airbnb, the vacation-rental site.
Now, the German venture capitalist is doubling-down on Europe’s tech sector.
On Monday, Mr. Hommels’s venture capital firm, Lakestar, will announce a new fund worth 350 million euros, or $398 million, one of the largest European fund-raisings so far this year. It is more than double his previous fund, raised in 2013, whose portfolio of start-ups includes Harry’s, the American online shaving company, and Algomi, a London-based social network forBOND TRADING
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Big Investors Are Finding Ripe Start-Up Targets in Europe
