Lakestar Continuation Fund

Switzerland
Growth
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About Lakestar Continuation Fund

Growth Tech, SaaS, Fintech, Deeptech, Portfolio Secondaries focused fund

Investment Focus

Location / RegionSwitzerland
Funding StageGrowth
Industry Focus
Deep Tech
Fintech
Saas

Investor Signals Profile

active

Sweet Spot

Deep tech founders solving European defence + sovereignty with global ambition

defence tech
European deep tech
dual-use
hardware
national security
European sovereignty
critical technology
geopolitical resilience
sector-defining global companies

Bullish Signals

UK gov contract: Cambridge Aerospace interceptorsexternal
Portfolio co deployed in weeks post-contractexternal
18 months founder-to-contract trajectoryexternal
Missiles + launchers arriving May 2025linkedin
Gulf partner sales alongside UK contractlinkedin
Multi-office EU presence post-contractlinkedin
$6B AUM platform spans multi-stage investmentwebsite
Advisory board: ex-UK General, Secretary Pompeowebsite
Concentration thesis: fewer bets, full commitment modelwebsite
New Resilience fund for European sovereignty techwebsite
Philosophy: patient, principled, founder-centricwebsite
Trust as true currency, relationships outlast valuationswebsite

Contrarian Signals

Heavy focus on defence — niche LP baseexternal
Long-term thesis vs. quarterly venture normwebsite

Founder Do's

Build cost-asymmetric defence solutions
Target government contracts early
Show rapid path to deployment
Focus on European security gaps
Pursue multi-geography (EU + Gulf) traction
Solve critical tech sovereignty gaps
Build sector-defining global companies
Embrace geopolitical reality in product strategy
Prioritize trust + long-term relationships

Founder Don'ts

Ignore unit economics vs. incumbent cost
Skip government partnership strategy
Assume technology neutrality matters

Key GPs & Partners

KH
Dr. Klaus Hommels
Founder
founder-centricsovereignty-focusedlong-term

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Fund Overview

Fund Size€265M
Saves0

Key People

Klaus Hommels, Oliver Heimes, Akis Bratsos, Stephen Nundy, Christoph Schuh

Dr. Klaus HommelsFounder

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