Axel Springer SE and ProSiebenSat.1 Media SE participate in Klaus Hommels’ Internet Fund LAKESTAR II




  • zoom+
  • zoom-

31.08.15

Axel Springer SE and ProSiebenSat.1 Media SE participate in Klaus Hommels’ Internet Fund LAKESTAR II

To press release overview

Axel Springer SE and ProSiebenSat.1 Media SE participate in the Investment Fund LAKESTAR II by Klaus Hommels. During the term of the fund, both companies will, in the context of their common Digital Initiative, invest as one of the anchor investors a combined medium double-digit million EUR amount. In total, the considerably oversubscribed fund now has a capital of 350 million EUR. LAKESTAR II focuses on digital companies with significant growth potential in Europe and the US. The fund is led by Klaus Hommels, who has a unique network across the digital ecosystem. His investments in Facebook, Skype, Spotify, and Xing have made him one of the most successful Internet investors in Europe.

Following the recent co-investment in MyTicket, a subsidiary of DEAG, the investment in LAKESTAR II is a further step in the common initiative of Axel Springer and ProSiebenSat.1 intending to promote digital high-growth companies.

Dr Jens Müffelmann, CEO Axel Springer Digital Ventures: “Axel Springer already joined the US funds SV Angel and Lerer Hippeau Ventures. We made positive experiences throughout. Starting from this network we became stakeholders in many other ventures within the U.S. We now took a substantial share in LAKESTAR II which is one of the most promising funds of European origin.”

Dr Ralf Schremper, Chief Strategy & Investment Officer of ProSiebenSat.1 Media SE: “Our participation in LAKESTAR II opens up attractive growth perspectives for us. As one of the anchor investors, we co-operate closely with one of the leading European Internet investors. At the same time we benefit from the advantages of a diversified fund and we take part in future markets, while maintaining a well-balanced risk structure. Our aim is to finance promising start-ups, to enhance their brand value and to scale up their success internationally.”

Press Contact Axel Springer SE:
Michael Schneider

Tel: +49 30 2591 77644

Press Contact ProSiebenSat.1 Media SE:
Marcus Prosch

Tel: +49 89 9507 8920