Aviva Investors has stepped up its commitment to European innovation with a bold €11.4 million investment in Lakestar’s Growth Fund II. The move not only deepens Aviva’s presence in high-growth private markets but also aligns its long-term strategy with some of the most disruptive tech ventures reshaping Europe’s digital future.
This latest Aviva Lakestar investment comes just weeks after the launch of the Aviva Investors Venture & Growth Capital LTAF (Long Term Asset Fund)—a structure built to open up private markets to pension funds and wealth managers often locked out of fast-growth opportunities.
Backing Big Ideas from Scale to Impact
The new capital injection will flow through Lakestar’s Growth Fund II, which targets European tech companies at the tipping point between early growth and international expansion. From AI in healthcare to next-gen fintech and cutting-edge space tech, these startups are not just scaling—they’re redefining entire industries.
Lakestar’s investment strategy centers on finding transformative businesses that blend commercial potential with broad societal value. With this fund, they’re zeroing in on deeptech, digitalisation, fintech, and health—sectors where Europe is beginning to assert global leadership.
Why Lakestar Matters to Europe’s Innovation Story
Founded in 2012 by Klaus Hommels, a veteran tech investor and current Chair of the NATO Innovation Fund, Lakestar has become one of Europe’s most influential venture firms. Over the past decade, it’s raised more than €2 billion and backed over 210 startups. Its hands-on approach, paired with deep sector knowledge and global reach, makes it a go-to partner for companies preparing to scale across borders.
What sets Lakestar apart is its ability to identify emerging champions early—long before they hit unicorn status. Their past hits include names like Revolut, Spotify, and Glovo, proving their sharp eye for breakout potential.
Spotlight on Game-Changing Startups
Through Growth Fund II, Lakestar is continuing to back founders solving meaningful problems. Among the standouts:
- Neko Health: A Swedish AI healthtech firm that offers full-body scanning for proactive disease detection.
- Isar Aerospace: This Munich-based startup is making space more accessible with affordable, sustainable launch vehicles.
- Revolut: The London fintech disruptor turning smartphones into full-service banks.
- GetYourGuide: A Berlin traveltech giant curating immersive experiences for global travelers.
- Sennder: Revolutionizing freight logistics across Europe through digital trucking networks.
- Eigen Technologies: A UK-based AI company extracting actionable insights from complex financial documents.
- Glovo: A Spanish delivery app bringing anything from food to groceries in minutes.
Each of these companies reflects Lakestar’s mission to invest in high-impact technologies that are not only commercially viable but socially relevant.
Fueling the Next Generation of Tech Titans
For Aviva Investors, this partnership is more than a capital deployment—it’s a strategic alignment. With European innovation picking up pace, the Aviva Lakestar investment gives the firm a front-row seat to some of the most exciting developments in healthtech, fintech, deeptech, and beyond.
Ben Luckett, Managing Director of Venture and Strategic Capital at Aviva Investors, emphasized Lakestar’s unique value in identifying future giants like Spotify and Revolut. He noted Europe’s enormous untapped tech potential and highlighted how this investment supports long-term value creation for Aviva’s clients.
As alternative assets gain traction among institutional investors, this move bridges the gap between long-term capital and the bold ideas shaping Europe’s economic future.
