Lakestar, the VC firm started by super investor Klaus Hommels, recently announced its new €350 million fund, Lakestar II. Today, two German media giants, Axel Springer and ProSiebenSat.1 Media, revealed themselves to be 'anchor investors' in the new fund with a "combined medium double-digit million EUR amount" (German funding vagueness at its finest).
Lakestar II focuses on digital companies with significant growth potential in Europe and the US.
The investment in the new fund is a further step in the common initiative of Axel Springer and ProSiebenSat.1 intending to promote digital high-growth companies, they proclaim.
Dr Jens Müffelmann, CEO Axel Springer Digital Ventures: “Axel Springer already joined the US funds SV Angel and Lerer Hippeau Ventures. We made positive experiences throughout. Starting from this network we became stakeholders in many other ventures within the U.S. We now took a substantial share in LAKESTAR II which is one of the most promising funds of European origin.”