Acton Capital Partners

Acton Capital Partners (Acton Capital) is an international venture capital fund, founded in Munich (Germany) and investing in later-stage digital startup companies in Europe and North America.[1]

Acton Capital Partners
TypePrivate
IndustryVenture capital
FoundersChristoph Braun, Paul-Bernhard Kallen, Jan-Gisbert Schultze, Frank Seehaus
HeadquartersMunich (Germany), Vancouver (Canada)
ProductsInvestments, Venture capital, growth capital
Websitewww.actoncapital.com

History

Since 1999, Acton Capital has invested Euro 600 million across five funds in over 80 online companies in EU, UK, United States and Canada.[2] 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,[3] acquired by eBay in 1999 for $43 million.[4] In November 2019, Acton Capital announced the closing of its fifth fund "Acton V" at $215 million.[5]

Investments and exits

Acton Capital's investment focus is on tech-enabled business models like platforms, software as a service (SaaS) or online marketplaces in fields such as e-commerce, recommerce, financial technology (fintech), mobility and healthcare.[6] Exited investments include online marketplace AbeBooks - acquired by Amazon in 2008,[7] online retailer of pet supplies zooplus - IPO in 2008,[8] luxury fashion platform mytheresa.com - acquired by Neiman Marcus Group in 2014,[9] global online marketplace Etsy - IPO in 2015[10] and Canadian software developer Themis Solutions (´Clio`) in 2019 to US private equity firms TCV and JMI Equity.[11] The current portfolio of Acton Capital includes fintech startup iwoca from UK, consulting marketplace COMATCH, the global information service company AlphaSights both founded in Berlin and Canadian telemedicine platform Maple.[12]

In February 2019, Acton Capital was part in Series B funding rounds for German car subscription provider Cluno and international SaaS banking engine Mambu.[13][14]

In January 2020, Acton Capital led the Series B round in London-based elderly care platform Elder Technologies Ltd.[15] and the Series A funding round in Paris-based logistics platform Convelio.[16]

References
  1. "German late-stage technology investment firm Acton closes fresh $200 million fund". TechEU. October 26, 2015.
  2. "Growth. Driven by Reason |". Growth. Driven by Reason |. Retrieved March 22, 2020.
  3. "Acton: "Wir blicken nicht auf Trends, wir interessieren uns für Substanz"". BerlinValley. May 25, 2017.
  4. "eBay wins German bid". CNN. June 22, 1999.
  5. "Acton sammelt 193 Millionen Euro für Start-ups ein". Handelsblatt. November 6, 2019.
  6. "Acton Capital Portfolio". actoncapital.com. Retrieved March 22, 2020.
  7. "Amazon acquires AbeBooks". VersionOne. VersionOne. August 1, 2008. Retrieved April 5, 2019.
  8. "zooplus goes public on Frankfurt stock exchange".
  9. "Neiman Marcus acquires MyTheresa". The Independent. September 15, 2015. Retrieved April 5, 2019.
  10. "Crafts website company Etsy valued at $4 billion in market debut". Reuters. April 16, 2015.
  11. "Clio raises 330 million CAD Series D funding round". BetaKit. March 22, 2020.
  12. "Maple raises $14.5 million to help Canadians access virtual health care". BetaKit. March 22, 2020.
  13. "Car subscription service Cluno scores $28M in Series B funding led by Peter Thiel's Valar Ventures". TechCrunch. February 6, 2019.
  14. "Mambu: Banken Plattform erhält 30 Millionen Euro". WirtschaftsWoche. February 19, 2019.
  15. "Care start-up Elder raises £8.2m". The Times. March 22, 2020.
  16. "Paris-based Convelio seals €9 million Series A for fine arts logistics platform and US expansion". Tech.eu. March 22, 2020.
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