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

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, an international online retailer of luxury women’s fashion and accessories.