Acton Capital wraps up fifth fund at $215 mln


Acton Capital has closed its fifth fund at $215 million. Acton Fund V will focus on growth-stage tech startups. The fund’s limited partners include the European Investment Fund and KfW Bank.

PRESS RELEASE

Munich, November 07, 2019 – Acton Capital, Munich-based growth venture capital investor, has announced the final closing of its new Acton Fund V at $215 million (€193 million). Building upon the success of its previous funds, the new fund will focus on tech-enabled business models and startups in their growth stage.

Since the first investment in Alando forming the core of eBay Europe in 1999, the Acton team has supported over 80 digital companies on their way to market leadership. Acton Capital invests worldwide, with a strong focus on Germany and Europe (75%) and North America (25%).

Christoph Braun, Managing Partner at Acton Capital: “With the new Acton Fund V we aim to target startups in their growth stage. Our total investment per company will range between 5 and 20 million USD. We are looking for transformational business models across all sectors, which cater to consumers or SMBs. With the new fund, we are ready to support the next generation of great entrepreneurs who want to accelerate growth and build a business that lasts.”

Current investments out of the new Acton Fund V include (among others):
Maple HealthCare (Toronto/CAN)
expertlead Future of Work (Berlin/DE)
LemonOne Platform (Berlin/DE)
MPB Re-commerce (Brighton/UK)
Knix Direct-to-Consumer (Toronto/CAN)

“Even in this hyper-growth environment, we can always rely on our core expertise: investing in substance, not the next hype. We only partner with teams who have a clear path to profitability and who are looking for active support instead of just money. As business model investors, we focus on real customer value and sustainable cash flows. No matter if the scope is national, international or global, we are looking for entrepreneurs that want to create value for the long run.”

Limited partners of the new Acton Fund V include the European Investment Fund (EIF), KfW Bank as well as renowned family-offices and entrepreneurs from Europe’s digital landscape.
Jan-Gisbert Schultze: “We are proud to be a trusted partner for founders for five fund generations. We are especially happy when founders who we had the pleasure of working alongside become investors in our funds, supporting digital pioneers of the next generation.”

The previous Acton Fund IV (2014, €170M/$190) includes category leaders like Mambu (global core banking SaaS), HomeToGo (global metasearch for vacation rentals), COMATCH (European platform for freelance consultants) or Cluno (car subscription company).

Acton Capital has recently announced a series of successful exits. Among others:
Clio (CAN)
Finanzcheck to Scout24 (DE)
Chefs Plate to HelloFresh (CAN)
ELOQUII to Walmart (USA)

About Acton Capital
Acton Capital is a leading growth venture capital investor in Europe. Since 1999, the Acton team supports digital startups in the fields of marketplaces, e-commerce, SaaS, FinTech or Future of Work on their way to market leadership. Acton Capital invests worldwide with a strong focus on Europe and North. With two decades of investment experience and a deep understanding of digital business models, the team has invested over EUR 500 million across five fund generations in more than 80 companies, including global category leaders like AlphaSights, Etsy, HomeToGo or Clio.