Acton Capital Launches New $240M Fund

Venture capital firm Acton Capital has announced the closure of a substantial new fund, amounting to $240 million, to support startups in Europe and Canada. This fund represents the firm’s most significant financial commitment since its inception in 1999.

Targeting Early Growth Stage Startups

With a history of backing fintech companies like Mambu and iwoca, Acton Capital is setting its sights on early growth stage companies that demonstrate proven business models. The firm plans to actively invest in approximately 6 to 8 deals annually, with individual investments ranging between €3 million and €10 million.

A Focus on Sustainable Growth

In a statement, managing partner Dominik Alvermann emphasized the importance of sustainable and reasoned growth, especially in the current market environment. He pointed out that balancing robust growth prospects with strong financial fundamentals is more critical than ever. Alvermann expressed confidence in the firm’s investment approach and its extensive experience gleaned from five previous fund generations, positioning Acton Capital as a valuable partner to both existing and future founders.