Start-Up Targets in Europe

Business Day

Big Investors Are Finding Ripe Start-Up Targets in Europe

By MARK SCOTTAUG. 23, 2015

    

Klaus Hommels in the Berlin offices of Lakestar, an investment company that has increased its wager on European start-ups. Credit Robbie Lawrence for The New York Times

Klaus Hommels has invested in some of Europe’s most successful start-ups. That includes Spotify, the music-streaming service, and Klarna, a Swedish online payments company valued at more than $2 billion. He has also backed several American tech giants like Facebook and Airbnb, the vacation-rental site.

Now, the German venture capitalist is doubling-down on Europe’s tech sector.

On Monday, Mr. Hommels’s venture capital firm, Lakestar, will announce a new fund worth 350 million euros, or $398 million, one of the largest European fund-raisings so far this year...

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