A top European venture capitalist who backed Spotify (NYSE:SPOT) and fintech giant Revolut says the continent's reliance on American technology and capital has become a strategic liability.
Klaus Hommels, founder of Lakestar, told the Financial Times in a report published Friday that Washington's recent move to restrict Anthropic from exporting sensitive AI models underscores Europe's urgent need for tech independence.
"If you don't get the message now… this is without responsibility," he said, urging investors to diversify both technology and financing away from U.S. sources. $300 Million Fund Bets on European Resilience Lakestar has launched a $300 million "resilience" fund focused on investing in dual-use and defense startups across NATO-aligned countries.
The fund has backing from UK defense contractor BAE Systems, and its advisory board includes former U.S.
Secretary of State Mike Pompeo.
