Company type | Private |
---|---|
Industry | Venture capital |
Founders | Christoph Braun, Paul-Bernhard Kallen, Jan-Gisbert Schultze, Frank Seehaus |
Headquarters | Munich (Germany), Vancouver (Canada) |
Products | Investments, Venture capital, growth capital |
Website | www.actoncapital.com |
Acton Capital (Acton Capital Partners) is an international venture capital fund, founded in Munich (Germany) and investing in tech-enabled startup companies in Europe and North America. [1]
As one of the first venture capital funds in Europe, Acton Capital invested in startups of the early Digital Economy. The first investment was online auction platform Alando in Germany, [2] acquired by eBay in 1999 for $43 million. [3] In November 2019, Acton Capital announced the closing of its fifth fund "Acton V" at $215 million. [4]
Acton Capital's investment focus is on tech-enabled business models like platforms, software as a service (SaaS) or online marketplaces and in fields such as financial technology (fintech), mobility, healthcare and Direct-to-consumer or recommerce. [5] Exited investments include online marketplace AbeBooks - acquired by Amazon in 2008, [6] online retailer of pet supplies zooplus - IPO in 2008, [7] luxury fashion platform mytheresa.com - acquired by Neiman Marcus Group in 2014, [8] global online marketplace Etsy - IPO in 2015 [9] and Canadian software developer Themis Solutions (´Clio`) in 2019 to US private equity firms TCV and JMI Equity. [10] The current portfolio of Acton Capital includes Software as a service company Mambu, fintech iwoca from the UK, student jobs platform Zenjob, the global information service company AlphaSights both founded in Berlin and Canadian telemedicine platform Maple. [11]
Acton Capital was part of a Series B funding round for German car subscription provider Cluno, acquired by British online car retailer Cazoo in February 2021 and early investor in the global core banking engine Mambu. [12] [13] The B2B Software-as-a-service company announced a $266mn funding round by Acton Capital Partners and US investment firms EQT, TCV and Bessemer. [14]
In 2020, Acton Capital led the Series B round in London-based elderly care platform Elder Technologies Ltd., [15] the Series A funding round in Paris-based logistics platform Convelio [16] and is invested in UK based online car retailer Cazoo, that was listed on the New York Stock Exchange at a $7bn valuation in 2021. [17]
In November 2023, Acton Capital announced the closing of its sixth Venture capital fund at Euro 225 million to invest in tech-enabled business models like legal technology, hybrid work, cyber security or AI-driven solutions. [18]
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