Switzerland-based venture capital firm Lakestar Advisors GmbH has secured $735 million to invest primarily in Europe, Reuters reported.

One-third will be placed in the company's fund for early-stage startups, while the other two-thirds will be put in its growth-stage fund.

The firm also named CEO Mika Salmi as managing partner, and Ninja Struye de Swielande, head of investor relations, was also appointed partner, the report said.

Stephen Nundy was appointed chief technology officer.