What investment strategy does Acton Capital focus on?

Acton Capital focuses on Growth, VC strategies in the private equity space.

How many portfolio companies does Acton Capital have?

Acton Capital has 32 active portfolio companies and 23 completed exits and 4 funds tracked on GP Intel.

Where is Acton Capital headquartered?

Acton Capital is headquartered in Munich, Germany.

What is Acton Capital's assets under management?

Acton Capital manages approximately €780M in assets under management.

When was Acton Capital founded?

Acton Capital was founded in 1999.

What sectors does Acton Capital invest in?

Acton Capital invests across Software, TMT, Financials, Consumer, Healthcare, Business Services.

What are Acton Capital's recent exits?

Recent realized exits by Acton Capital include: Hublo (2025) to Five Arrows; Henchman (2024) to LexisNexis; Klaus (2024) to Zendesk; Vimcar (2023) to Battery Ventures; Knix (2022) to Essity; LemonOne (2022) to BOOM; Comatch (2022) to Malt; sofatutor (2021) to EMERAM Capital Partners.

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Acton Capital

Munich, Germany·Founded 1999·

Growth Equity Venture Capital

·actoncapital.com

Acton Capital is a Munich-based growth-equity and late-stage venture firm founded in 1999 as the investment team of Hubert Burda Media (Burda Digital Ventures) and spun out as an independent manager in 2008. It backs tech-enabled, consumer-facing and B2B software businesses at Series A and beyond across Europe and Canada, with typical initial cheques of five to ten million euros. Across its Heureka and Acton fund series the firm has invested in around 100 companies, including Etsy, mytheresa, zooplus, Mambu, HomeToGo, iwoca and SoSafe. It runs a generalist strategy spanning SaaS, fintech, marketplaces, healthcare and consumer internet, and keeps a second office in Vancouver.

AUM

€780M

Funds

vintages 2010–2023

Portfolio

Exits

Acton Capital is a Munich growth equity firm with €780M AUM, 32 active companies and 23 exits.

SectorsSoftware TMT Financials Consumer Healthcare Business Services

Key takeaways

·9 exits in the last 5 years · consistent DPI cadence.
·Average hold across 23 realized deals: 4 years.
·Fund cadence: ~4Y between vintages · last raise 2023.

Sector breakdown

55 companies

SaaS

10 · 18%

E-commerce

8 · 15%

Consumer

7 · 13%

HealthTech

5 · 9%

AI/ML

4 · 7%

Fintech

4 · 7%

FoodTech

2 · 4%

Data & Analytics

2 · 4%

Geography breakdown

11 geographies

Germany

30 · 55%

6 · 11%

Canada

6 · 11%

France

5 · 9%

2 · 4%

Denmark

1 · 2%

Belgium

1 · 2%

Estonia

1 · 2%

Key facts

HQMunich, Germany

Founded1999

Employees20+

Websiteactoncapital.com

Recent exits

Acton Capital sold Hublo to Five Arrows in 2025 after 4 years.

Acton Capital sold Henchman to LexisNexis in 2024 after 1 year.

Acton Capital sold Klaus to Zendesk in 2024 after 2 years.

Acton Capital sold Vimcar to Battery Ventures in 2023 after 4 years.

Coverage notes

4 funds tracked, 55 portfolio companies (32 active · 23 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Acton Capital has raised, with its portfolio companies. Hand-checked from public filings.

4 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Acton VI

Growth2023€225M14 assets1 exits

Growth

2023 · 3yr

€225M

Unrealized

14 held

Company	Entry
7Learnings AI/ML · Germany	2025
Eco Group Consumer · Germany	2023
Eolas Medical HealthTech · UK	2026
Formalize AI/ML · Denmark	2025
Inspired Go FoodTech · Canada	2024
Jupus LegalTech · Germany	2025
Jus Mundi AI/ML · France	2024
Paretos Data & Analytics · Germany	2024
remberg SaaS · Germany	2025
SaaS.group SaaS · Germany	2024
Semeia HealthTech · France	2026
Stotles Data & Analytics · UK	2025
tomorro SaaS · France	2025
vialytics SaaS · Germany	2024

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
CHIP Online TMT · Germany	2000	2008	Trade Sale	Hubert Burda Media	–

Acton Fund V

Growth2019€193M14 assets6 exits

Growth

2019 · 7yr

€193M

Unrealized

14 held

Company	Entry
Convelio Logistics · France	2020
everstox Logistics · Germany	2021
Laserhub Industrials · Germany	2020
Maple HealthTech · Canada	2019
Metalshub Software · Germany	2021
MPB E-commerce · UK	2019
Plantura Consumer · Germany	2021
Realtainment Hospitality · Germany	2019
Seatti SaaS · Germany	2022
Skribble SaaS · Switzerland	2022
SoSafe Cybersecurity · Germany	2020
The Female Company Consumer · Germany	2020
Ultramarin Fintech · Germany	2021
Yoto Education · UK	2021

Realized

6 exits

Company	Entry	Exit	Type	Buyer	MOIC
Henchman AI/ML · Belgium	2023	2024	Trade Sale	LexisNexis	–
Hublo HealthTech · France	2021	2025	Secondary	Five Arrows	–
Klaus SaaS · Estonia	2022	2024	Trade Sale	Zendesk	–
Knix Consumer · Canada	2019	2022	Trade Sale	Essity	–
LemonOne Business Services · Germany	2019	2022	Trade Sale	BOOM	–
Vimcar SaaS · Germany	2019	2023	Secondary	Battery Ventures	–

Heureka Growth Fund II

Growth2015€170M4 assets7 exits

Growth

2015 · 11yr

€170M

Unrealized

4 held

Company	Entry
Freska Consumer · Finland	2018
iwoca Fintech · UK	2015
Mambu Fintech · Germany	2015
Zenjob HR Tech · Germany	2017

Realized

7 exits

Company	Entry	Exit	Type	Buyer	MOIC
Chef's Plate FoodTech · Canada	2016	2018	Trade Sale	HelloFresh	–
Comatch HR Tech · Germany	2016	2022	Trade Sale	Malt	–
Eloquii Consumer · US	2015	2018	Trade Sale	Walmart	–
Finanzcheck Fintech · Germany	2016	2018	Trade Sale	Scout24	–
HomeToGo E-commerce · Germany	2015	2021	IPO	–	–
Mobify SaaS · Canada	2016	2020	Trade Sale	Salesforce	–
Tictail E-commerce · Sweden	2015	2018	Trade Sale	Shopify	–

Heureka Growth Fund I

Growth2010€150M0 assets9 exits

Growth

2010 · 16yr

€150M

Realized

9 exits

Company	Entry	Exit	Type	Buyer	MOIC
audibene HealthTech · Germany	2013	2015	Trade Sale	Sivantos	–
Clio SaaS · Canada	2012	2019	Secondary	TCV	–
Etsy E-commerce · US	2013	2015	IPO	–	–
Home24 E-commerce · Germany	2012	2018	IPO	–	–
momox E-commerce · Germany	2010	2020	Secondary	Verdane	–
MyOptique E-commerce · UK	2013	2016	Trade Sale	Essilor	–
mytheresa Consumer · Germany	2010	2014	Trade Sale	Neiman Marcus Group	–
sofatutor EdTech · Germany	2012	2021	Secondary	EMERAM Capital Partners	–
windeln.de E-commerce · Germany	2011	2015	IPO	–	–

Portfolio platforms backed by Acton Capital made 3 researched add-on acquisitions during its ownership.

Frequently asked questions

What investment strategy does Acton Capital focus on?: Acton Capital focuses on Growth, VC strategies in the private equity space.
How many portfolio companies does Acton Capital have?: Acton Capital has 32 active portfolio companies and 23 completed exits and 4 funds tracked on GP Intel.
Where is Acton Capital headquartered?: Acton Capital is headquartered in Munich, Germany.
What is Acton Capital's assets under management?: Acton Capital manages approximately €780M in assets under management.
When was Acton Capital founded?: Acton Capital was founded in 1999.
What sectors does Acton Capital invest in?: Acton Capital invests across Software, TMT, Financials, Consumer, Healthcare, Business Services.
What are Acton Capital's recent exits?: Recent realized exits by Acton Capital include: Hublo (2025) to Five Arrows; Henchman (2024) to LexisNexis; Klaus (2024) to Zendesk; Vimcar (2023) to Battery Ventures; Knix (2022) to Essity; LemonOne (2022) to BOOM; Comatch (2022) to Malt; sofatutor (2021) to EMERAM Capital Partners.