Munich-based venture capital firm Acton Capital announces the final closing of its fifth, multimillion-euro growth fund at €193 million. The Munich-based firm has been investing in digital business models for 20 years, with 50 percent of its investments in Germany, 25 percent in Europe, and 25 percent in the United States. in North America.
The new fund is also intended to support startups, particularly during their growth phase. The venture capital firm invests between €5 million and €20 million per company. Important for the investor is a technology-based business model that focuses on sustainable growth and customer benefits. Christoph Braun, Managing Partner at Acton Capital, explains:
"We plan to invest at least half in Germany and would be delighted if Munich-based startups were involved again this time. Examples like Cluno show that we can build exciting companies and strong teams here."
The Munich startup Cluno offers a car subscription and recently raised 140 million euros in growth capital.
Growth fund for digital business models with strong revenue growth
Jan Schultze, also Managing Partner at Acton Capital, says:
“Even though our environment is constantly changing, our investment criteria have remained the same over the years: We invest in innovative business models with strong revenue growth and a clear perspective toward profitability.”
He adds:
“For us, it is the greatest confirmation when founders, after a successful exit, invest again in our fund for the next generation of startups.”
Institutional and private investors in the new Acton Fund V include the European Investment Fund (EIF), the KfW banking group, Hubert Burda Media, as well as German and European family offices, private investors, and entrepreneurs from portfolios built over the past two decades. The last fund was used, among others, to Cluno supportedActon Capital also recently announced a number of successful international exits, including the sale of Financial check to Scout24.
