BusinessStartupsTechnology

Lakestar Halts New Venture Fundraising, Shifts Focus to Existing Portfolio

Klaus Hommels, founder of Lakestar, announced the firm will not raise new generalist venture funds, instead concentrating on maximizing existing portfolio companies. The shift comes as European venture fundraising faces a significant decline, with funds raising only $8 billion this year compared to $27 billion in 2024.

Strategic Shift for European Venture Giant

Lakestar, one of Europe’s most prominent venture capital firms, has informed investors it will halt raising new generalist venture funds, according to reports. Founder Klaus Hommels stated in a letter to investors that future startup investments will primarily utilize his personal capital rather than institutional funds. The Zurich-based firm, which manages over $2 billion in assets, plans to focus on maximizing value from its existing portfolio companies.

HardwareTechnologyTelecom

ZTE and DNS:NET Introduce Next-Generation Wi-Fi 7 Networking Solutions in Germany

ZTE Corporation has teamed up with German telecom provider DNS:NET to unveil a new suite of Wi-Fi 7 tri-band products. The collaboration aims to deliver superior network performance and future-proof connectivity for residential and business customers. This marks ZTE’s first entry into the German market with Wi-Fi 7 technology.

Strategic Partnership Announcement

In a significant move for the European telecommunications market, ZTE Corporation has formed a strategic partnership with DNS:NET, a leading German telecommunications provider, according to reports from Paris. The collaboration was officially announced at the Network X event on October 15, 2025, where both companies introduced a new lineup of next-generation networking products.