Munich-based VC firm Acton Capital closes new €193 million fund to back tech-enabled business models in Europe and North America | EU-Startups
Summary
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%). 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. The previous Acton Fund IV (2014, €170 million) includes the global core banking SaaS solution Mambu, HomeToGo – a global metasearch for vacation rentals, COMATCH, a European platform for freelance consultants, and the car subscription company Cluno.