Hommels launches new fund

It is to be the largest in Europe: Investor Klaus Hommels wants to raise one billion euros for his new fund, nothing is confirmed yet.

Klaus Hommels reportedly wants to launch a new fund, it will be the largest in Europe with a volume of one billion euros. As the Swiss Handelszeitung reports, 750 million euros are to flow into start-ups in the growth phase, 70 percent of this sum in European companies. Another 250 million euros are to flow into early-stage start-ups, here with a European share of 100 percent.

Handelszeitung cites documents submitted to investors by Hommels' venture capital company Lakestar. The fund is expected to close in the first quarter of 2022, and currently Hommels is starting to raise the money. The investor has not yet confirmed the rumors to Handelszeitung.

Already at Lakestar's last fund, Hommels was aiming for the one billion as a sum, but stopped at 680 million euros and closed the fund. He has doubled his team in the past year and now employs 37 people.

Currently, Lakestar is preparing for its first Spac IPO. The empty shell of the company is filled by the search engine for vacation rentals Hometogo, and the company is expected to be listed on the stock exchange this month.