Acton closes €150 million growth fund for internet and mobile in Europe

Mike Butcher

Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

Monday, May 10th, 2010

Acton Capital Partners, the Munich-based investor in consumer internet and mobile companies formerly known as Burda Ventures, has closed its new Heureka Growth Fund, worth €150 million.

The growth-equity fund will invest in, you guessed it, internet and mobile communications companies in the consumer space for e-commerce, media and marketplaces, mainly within Europe but also in North America.

Currently its investment portfolio includes UK-based Glasses Direct and the Munich-based mytheresa.com, an international online retailer of luxury women’s fashion and accessories.

  • Matthew

    shame it’s for later stage companies -

    “who are looking to take it to the next level…”

    not particularly useful for me, or many i know, though probably the wiser position given the massive amount of me-tooers out there clouding up the playing field and soaking up mammoth amounts from overeager, trigger-happy european vcs.

    • sk

      so who’s asking you loser??

  • http://todayer.ru Anton

    No, i don’t trast it)

  • http://www.spirofrog.de Thomas

    unfortunately the don´t support seed not even if it´s from Bavaria.

  • http://www.mobileinternetcomputing.com/2010/05/acton-closes-e150-million-growth-fund-for-internet-and-mobile-in-europe/ Acton closes €150 million growth fund for internet and mobile in Europe | Mobile Internet Computing

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