Acton Capital closes internet growth-equity fund at €150 M
Munich, May 10, 2010 – Acton Capital Partners announces the final closure of its Heureka Growth Fund (“Acton Fund III”). International private and institutional investors have provided 150 million Euro in total for the venture capital fund.
The Heureka Growth Fund is a growth-equity fund investing in internet and mobile communications companies. Its focus is on consumer-oriented business models in e-commerce, media and marketplaces, mainly within Europe but also in North America. The fund’s investment portfolio currently includes the British online prescription glasses retailer Glasses Direct/MyOptique as well as the Munich-based mytheresa.com, an international online retailer of luxury women’s fashion and accessories.
“We are delighted that our investors share our confidence and believe in the sustainable potential of the internet and mobile sectors,” said Dr. Jan-Gisbert Schultze, Managing Partner and fundraiser at Acton. “Combining an investment total of 150 million Euro with its entrepreneur-oriented approach, Heureka Growth Fund is a leading source of finance for Europe’s online industry.”
Acton Capital Partners is an independent, partner-led growth-equity investor in the internet and mobile communications sector. In addition to the Heureka Growth Fund, Acton manages a portfolio of 16 internet-based companies that make up the BDV fund, now closed to new investments. Munich-based Acton Capital Partners was founded by Christoph Braun, Paul-Bernhard Kallen, Jan-Gisbert Schultze and Frank Seehaus. Before establishing their own independent business, the four partners worked successfully together for many years at the Hubert Burda Media group. From 1999 onward, they acquired stakes for Burda Digital Ventures GmbH in over 40 Internet-based B2C businesses, which they managed with great success.