Acton Capital successfully closes new internet growth fund at $200 M
Munich, 26 October 2015 – Acton Capital Partners is announcing the final closure of its Heureka II Growth Fund (“Acton Fund IV”). International private and institutional investors have committed 200 million USD in total for the venture capital fund. The anchor investors include the European Investment Fund (EIF), Hubert Burda Media, the KfW Banking Group via its promotional instrument “ERP Venture Capital Fund Investments”, UniCredit Bank and a series of well-known family offices.
The Heureka II Growth Fund (“Acton Fund IV”) is a growth-equity fund. As in the previous Heureka I (“Acton Fund III”) fund, its investment focus is on growth companies in the consumer internet sector; at the forefront are companies in the areas of online marketplaces, e-commerce, e-services, digital media and software as a service, with investments mainly in Europe, but also in North America. The new fund’s investment portfolio currently includes, for example:
HomeToGo (Berlin), a metasearch platform for vacation rentals
iwoca (London), an online short-term credit provider for self-employed individuals and micro-enterprises
Tictail (Stockholm and New York), a mobile commerce platform that allows boutiques, crafts people and designers to launch an online shop quickly and easily
“We are very happy that both our recurring and new investors share our confidence and believe in the sustainable potential of digitization,” says Jan-Gisbert Schultze, Managing Partner at Acton.
“Our investments in rapidly growing companies with transaction-based business models rest on experienced judgement and reason. The Heureka I exits of mytheresa.com, Audibene, Linas Matkasse as well as Etsy’s and windeln.de’s IPOs are witness to this successful approach. The same goes for a series of other indeed promising investments such as Clio, KupiVip, Momox, MyOptique or Sofatutor.”
Acton Capital Partners is a Munich-based growth-equity fund in the internet sector. It focuses on business models in the fields of marketplaces, e-commerce, e-services, digital media and software-as-a-service and addresses consumers and small to medium enterprises. Acton Capital invests globally with a strong emphasis on Europe. The team has been working together successfully for many years and has invested in more than 60 companies since 1999.