Aviva Backs Lakestar's Latest Venture Fund with £10m Investment
Funding | Apr 16, 2025 | UK Tech Funding
Aviva Investors has injected £11.4 million (€9.8 million) into Lakestar's newest venture capital fund, Lakestar Growth Fund II. This fund focuses on investing in growth-stage companies within deep tech, healthcare, fintech, and digitalisation sectors. Alongside backing prominent tech firms like Revolut, Blockchain.com, and Spotify, Lakestar recently demonstrated its commitment to innovation through investments in companies such as Neko, a patient health examination startup, and Isar Aerospace, a provider of low-cost satellite solutions. Aviva’s strategic investment underscores its rigorous approach to venture and growth capital, with previous investments in Oxford Science Enterprises and Northern Gritstone. The insurance giant continues to widen its investment portfolio since launching the Aviva Investors Venture and Growth Capital Long Term Asset Fund (LTAF), designed to align pension funds with innovative companies.
Sectors
- Venture Capital
- Technology
- Insurance
Geography
- United Kingdom – Aviva Investors and some of the targeted investments such as Revolut, are based in the UK, indicating the geographical focus of activities and investments.
- Europe – Lakestar, with investments across Europe including Switzerland, underscores a broader European investment horizon relevant to the article.
Industry
- Venture Capital – The article involves venture capital activities, highlighting both the launch of a new fund by Lakestar and Aviva’s investment strategy, demonstrating commitment to early- and growth-stage technology ventures.
- Technology – The focus on deep tech, healthcare, fintech, and digitalisation places the article squarely within the technology sector, reflecting investment trends and strategic focus.
- Insurance – Aviva, as an insurance provider, underlines the financial industry’s interest in diversifying portfolios into high-growth tech sectors.
Financials
- £10m – The investment amount contributed by Aviva Investors to Lakestar's fund.
- €9.8m – The equivalent of the £10 million investment in Euros.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aviva Investors | Investor | Company | The investment arm of the UK-based insurance company Aviva, known for backing venture and growth capital initiatives. |
| Lakestar | Venture Capital Firm | Company | A Switzerland-founded venture capital firm known for investing in technology companies across Europe. |
| Neko | Investment Target | Company | A startup focused on patient health examination technology. |
| Isar Aerospace | Investment Target | Company | A company providing low-cost satellite solutions. |
| Oxford Science Enterprises | Portfolio Company | Company | A previously backed venture by Aviva Investors, focusing on scientific innovation. |
| Northern Gritstone | Portfolio Company | Company | Another Aviva-backed investment targeting regional innovation. |