Post by EU-Startups

European venture capital firm Lakestar announced the closing of its Lakestar Resilience I fund at €262.2 million. The fund was oversubscribed, with investor interest significantly exceeding its targeted size. 🇪🇺🪖🚀 The firm describes it as Europe’s largest institutional venture fund built exclusively for dual-use and defence technology companies, and raised from private capital. It also announced that Sir Nicholas Carter, General Volker Wieker, former US Secretary of State Mike Pompeo, and Baroness Martha Lane Fox have joined its advisory board. Dr. Klaus Hommels, founder and chairperson, Lakestar, said, “Freedom does not come for free. Europe needs sovereign technology capital in the defence and dual-use sectors.” Ninja Struye de Swielande https://lnkd.in/gJfNgTAh