[Revolut Backer Lakestar Completes $265 Million Continuation Fundraising] According to TFN, European venture capital firm Lakestar, which previously made early investments in Spotify and Revolut, has completed a $265 million continuation fundraise. Secondary market specialists Lexington Partners, Industry Ventures, and Performance Equity Management acted as anchor investors. This oversubscribed fund allows Lakestar to transfer equity from four existing funds into the new fund, thereby extending the holding period for portfolio companies while providing liquidity to limited partners seeking to exit. Lakestar founder and chairman Klaus Hommels stated that the fund is one of the largest continuation funds in the European venture capital space.