Company:Acton Capital Partners

From HandWiki
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

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]

History

Since 1999, Acton Capital has invested Euro 400 million across several funds in over 70 online companies in Europe, UK, United States and Canada.[2] As one of the first venture capital funds in Europe, Acton Capital invested only 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]

Investments and exits

Acton Capital's investment focus is on digital business-to-consumer B2C models like online marketplaces, e-commerce, digital media and software as a service (SaaS) or financial technology (fintech) companies.[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] and global online marketplace Etsy - IPO in 2015.[9] The current portfolio of Acton Capital includes fintech startup iwoca from UK, Canadian software developer Themis Solutions (´Clio`),[10] consulting marketplace COMATCH and the global information service company AlphaSights both founded in Berlin.

In February 2019, Acton Capital was part in Series B funding rounds for German mobility startup Cluno and international SaaS banking engine Mambu.[11][12]

References

  1. "German late-stage technology investment firm Acton closes fresh $200 million fund". TechEU. October 26, 2015. https://tech.eu/news/acton-capital-partners-fund/. 
  2. "Growth. Driven by Reason |" (in en). http://actoncapital.com/#About. 
  3. "Acton: "Wir blicken nicht auf Trends, wir interessieren uns für Substanz"". BerlinValley. May 25, 2017. https://berlinvalley.com/startup-investor-acton/. 
  4. "eBay wins German bid". CNN. June 22, 1999. https://money.cnn.com/1999/06/22/technology/ebay/. 
  5. "Acton Capital Partners | Growth. Driven by Reason". http://actoncapital.com/#Portfolio. Retrieved April 5, 2019. 
  6. "Amazon acquires AbeBooks". VersionOne. August 1, 2008. https://versionone.vc/amazon-acquires-abebooks/. 
  7. "zooplus goes public on Frankfurt stock exchange". https://zouk.com/news/37-technology-growth/61-zooplus-secures-additional-capital. 
  8. "Neiman Marcus acquires MyTheresa". The Independent. September 15, 2015. https://www.independent.co.uk/life-style/fashion/news/neiman-marcus-acquires-mytheresa-9734479.html#. 
  9. "Crafts website company Etsy valued at $4 billion in market debut". Reuters. April 16, 2015. https://www.reuters.com/article/us-etsyinc-ipo/crafts-website-company-etsy-valued-at-4-billion-in-market-debut-idUSKBN0N71T420150416. 
  10. "Vancouver Startup Clio Raises $18M to Help Lawyers Cut Inbox Clutter". WSJ. March 25, 2014. http://blogs.wsj.com/venturecapital/2014/03/25/vancouver-startup-clio-raises-18m-to-help-lawyers-cut-inbox-clutter/. 
  11. "Car subscription service Cluno scores $28M in Series B funding led by Peter Thiel’s Valar Ventures". TechCrunch. February 6, 2019. https://techcrunch.com/2019/02/06/cluno-scores-28m-in-series-b/. 
  12. "Mambu: Banken Plattform erhält 30 Millionen Euro". WirtschaftsWoche. February 19, 2019. https://gruender.wiwo.de/mambu-banken-plattform-erhaelt-30-millionen-euro/. 

External links

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