Acton Capital closes second fund on €170m

Investors include European Investment Fund, Hubert Burda Media, KfW Banking Group via its promotional instrument ERP Venture Capital Fund Investments, UniCredit Bank and several family offices.

Investments
The fund's focus is on growth companies in the consumer internet sector, such as online marketplaces, e-commerce, e-services, digital media and software-as-a-service. The geographical focus is Europe, but investments in North America will also be considered.

The fund has made three investments so far. In July 2015, Acton, together with DN Capital, led a €6m funding round for Berlin-based holiday accommodation meta-search platform HomeToGo. Acton also participated as co-lead investor in the $20m series-B round for UK fintech Iwoca. For its third investment from Heureka II, the VC backed the Swedish e-commerce platform Tictail in its $22m series-B.

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