business

Lakestar Founder Cautions Europe on Dependence on US Technology Firms

17 Temmuz 2026Financial Times

The founder of VC firm Lakestar has announced the establishment of a $300 million 'resilience' fund aimed at supporting European start-ups in the dual-use and defense technology sectors. This move comes amid growing concerns about Europe's reliance on US technology companies.
The fund is intended to bolster the continent's technological independence and security capabilities. By investing in local innovations, Lakestar aims to enhance Europe's position in the global tech landscape.
The tech landscape in Europe has historically lagged behind the US, particularly in sectors that are crucial for national security and economic resilience. The rise of defense tech as a priority reflects broader strategic shifts in response to global challenges.
The establishment of Lakestar's 'resilience' fund underscores a pivotal shift in European investment strategies, especially in light of geopolitical tensions and the need for technological sovereignty. As Europe grapples with its dependence on US tech giants, this initiative could serve as a catalyst for fostering h…

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This summary is based on information available as of October 2023 and may not reflect subsequent developments.