(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has made an €11.4 million investment with Lakestar, a leading European venture & growth capital firm specialising in technology.
The commitment from Aviva Investors sees it invest in Lakestar’s Growth Fund II, which targets investment opportunities in growth-stage companies across Deep Tech, Healthcare, Fintech and Digitalisation. The Fund has already begun deploying capital, with investments including Neko Health, an early detection company for patient health examinations, and Isar Aerospace, a pioneering European company building low-cost solutions for launching satellite constellations.
It is the third venture and growth capital investment to be announced by Aviva Investors and follows the launch of the Aviva Investors Venture & Growth Capital LTAF (‘Long Term Asset Fund’), which launched in February, aiming to provide DC pension funds and wealth markets with better access to innovative growth companies.
Founded in 2012 by Klaus Hommels, Chair of the NATO Innovation Fund, Lakestar has since raised over €2 billion, investing in more than 210 innovative companies to help accelerate their growth.
Ben Luckett, Managing Director, Venture and Strategic Capital, at Aviva Investors, said:
“Lakestar has a rich history and wealth of expertise, discovering and supporting pioneering companies which have grown to be at the forefront of their industries, including Spotify and Revolut. The European technology sector has such vast potential to nurture world-leading ideas from globally-important clusters which can drive future growth. We believe Lakestar’s can give us unrivalled access to these opportunities, supporting portfolio company growth and unlocking long-term investment returns for our clients.”
