Funding

[Funding alert] Munich-based Acton Capital Secures Fund VI at €225 Million in Funding

Nov 8, 2023 | By Startup Rise EU

Munich-based Acton Capital secures Fund VI at €225 million in funding. The Acton team continues to be committed to supporting businesses in their early stages of development, with a particular emphasis on entrepreneurs developing long-term scaling plans that utilise validated business models.

Munich-based Acton Capital secures Fund VI at €225 million in funding. The Acton team continues to be committed to supporting businesses in their early stages of development, with a particular emphasis on entrepreneurs developing long-term scaling plans that utilise validated business models.

Acton Capital's new €225 million fund, which puts its total capital close to €1 billion, is its biggest fund to date. Acton Fund VI is currently making a number of initial investments.

Read also - Latvia-based SpirulinaNord Secures €600K in Funding

Henchman, a Belgian company, provides lawyers an artificial intelligence-powered knowledge tool that simplifies and digitises their business processes. Klaus (Estonia) provides companies with a quality assurance solution that enables them to boost income through superior customer service.

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Acton Capital has given support to nearly 100 companies, including Mambu, HomeToGo, SoSafe, Knix, Vimcar, Zooplus, Audibene, Etsy, Clio, and Mytheresa, as they moved towards market leadership since 1999. These companies are among the most significant startups and scale-ups in the consumer and B2B spaces.

Dominik Alvermann, Managing Partner at Acton Capital said, “At Acton, we have always focused on growth that is driven by reason rather than short-term momentum. We are launching Fund VI in a market environment where this approach is more crucial than ever. In the current market cycle, the need to balance an attractive growth profile and solid financial fundamentals will be of paramount importance, Our high conviction investment approach and the experience from five prior fund generations put us in a great place to be a truly meaningful partner to current and future founders.”

Julius Lühr, Principal at Acton Capital said, “Acton Fund VI will continue to represent what we believe to be the best risk-aligned investment approach in the venture capital market for founders, We work with ambitious founders to develop growth strategies that fit their unique situations and support all our portfolio companies reaching their full potential – be it the next global category leader or a highly capital-efficient hidden champion.”

About Acton Capital

Acton Capital is a top European growth-stage venture capital company that has offices in Vancouver and Munich. The Acton team have been making long-term investments in tech-enabled business models across industries since 1999.

Read also - UK-based Globacap Secures $21Million Series B Round Funding

Acton Capital, which has over 20 years of putting experience, has helped over 100 firms reach market leadership, featuring well-known global brands like AlphaSights, Clio, HomeToGo, and Mambu.

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