Lakestar Secures €228M for First Continuation Fund

Lakestar, a leading European venture capital firm, has secured 228 million euros for its first continuation fund. This will allow the company to further support its portfolio, including Staffbase, a unicorn HR company with around 800 employees and 300 million dollars in investment. Meanwhile, Sanity Group is backing 1. FC Union Berlin for the second season, promoting its avaay Medical brand.

Lakestar's new fund will enable the company to provide additional support to its portfolio companies, fostering their growth and innovation. This is in line with Lakestar's commitment to supporting European entrepreneurs and startups.

In other news, Staffbase, a unicorn HR company, has raised approximately 300 million dollars in investment. With around 800 employees, the company is well-positioned to continue its growth trajectory.

Sanity Group, a healthcare and wellness company, is supporting 1. FC Union Berlin for the second consecutive season. The company is using this platform to promote its avaay Medical brand, raising awareness about its products and services.

Lakestar has also collaborated with UnternehmerTUM, Europe's largest center for founding and innovation, to support entrepreneurial talents and startups in the past year. This partnership reflects Lakestar's commitment to fostering innovation and entrepreneurship in Europe.

On November 5, the second STARTUPLAND event will take place. The event will feature talks from successful founders, educational interviews, and inspiring pitches, providing a platform for entrepreneurs to showcase their ideas and connect with investors and mentors.

LAP Coffee, a rapidly expanding coffee chain backed by Insight Partners, is proving to be a profitable venture. The company is profitable from the sixth month of each store's operation, demonstrating its strong business model and customer appeal.

filu, a veterinary practice startup, is expanding its footprint. The company is now present in six cities with seven practices, including recent expansions to Berlin and Frankfurt. This growth reflects filu's success in providing high-quality veterinary care to pet owners.

Lakestar's new fund will provide additional support to its portfolio companies, fostering innovation and growth. Staffbase's investment and Sanity Group's sponsorship demonstrate the strength of the European startup ecosystem. The upcoming STARTUPLAND event promises to be an exciting platform for entrepreneurs, while LAP Coffee's profitability and filu's expansion highlight the success of these ventures.