Acton Capital
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.
Key facts
Recent exits
Coverage notes
4 funds tracked, 54 portfolio companies (32 active · 22 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
54 companiesFunds & portfolio
Every fund Acton Capital has raised, with its portfolio companies. Hand-checked from public filings.
Acton VIGrowth2023 · 3yr€225M14 active
Unrealized
14 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| AI/ML |  Germany | 2025 | |
| Consumer | Germany | 2023 | |
| HealthTech |  UK | 2026 | |
| AI/ML |  Denmark | 2025 | |
| FoodTech | Canada | 2024 | |
| LegalTech | Germany | 2025 | |
| Software |  France | 2024 | |
| Data & Analytics | Germany | 2024 | |
| SaaS | Germany | 2025 | |
| SaaS | Germany | 2024 | |
| HealthTech | France | 2026 | |
| Software | UK | 2025 | |
| Software | France | 2025 | |
| SaaS | Germany | 2024 |
Germany· Entry 2025Germany· Entry 2023UK· Entry 2026Denmark· Entry 2025Germany· Entry 2025France· Entry 2024Germany· Entry 2024Germany· Entry 2025Germany· Entry 2024France· Entry 2026UK· Entry 2025France· Entry 2025Germany· Entry 2024Acton Fund VGrowth2019 · 7yr€193M14 active · 6 realized
Unrealized
14 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Logistics | France | 2020 | |
| Logistics | Germany | 2021 | |
| Software | Germany | 2020 | |
| Healthcare | Canada | 2019 | |
| Software | Germany | 2021 | |
| Consumer | UK | 2019 | |
| Consumer | Germany | 2021 | |
| Consumer | Germany | 2019 | |
| Software | Germany | 2022 | |
| Software |  Switzerland | 2022 | |
| Software | Germany | 2020 | |
| Consumer | Germany | 2020 | |
| Fintech | Germany | 2021 | |
| Consumer | UK | 2021 |
France· Entry 2020Germany· Entry 2021Germany· Entry 2020Germany· Entry 2021UK· Entry 2019Germany· Entry 2021Germany· Entry 2019Germany· Entry 2022Switzerland· Entry 2022Germany· Entry 2020Germany· Entry 2020Germany· Entry 2021UK· Entry 2021Realized
6 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Software |  Belgium | 2023 | 2024 | Trade Sale | – | ||
| HealthTech | France | 2021 | 2025 | Secondary | – | ||
| SaaS | Estonia | 2022 | 2024 | Trade Sale | – | ||
| Consumer | Canada | 2019 | 2022 | Trade Sale | – | ||
| Business Services | Germany | 2019 | 2022 | Trade Sale | – | ||
| Software | Germany | 2019 | 2023 | Secondary | – |
Heureka Growth Fund IIGrowth2015 · 11yr€170M4 active · 7 realized
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Consumer |  Finland | 2018 | |
| Fintech | UK | 2015 | |
| Fintech | Germany | 2015 | |
| HR Tech | Germany | 2017 |
Realized
7 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| FoodTech | Canada | 2016 | 2018 | Trade Sale | – | ||
| Business Services | Germany | 2016 | 2022 | Trade Sale | – | ||
| Consumer |  US | 2015 | 2018 | Trade Sale | – | ||
| Fintech | Germany | 2016 | 2018 | Trade Sale | – | ||
| TMT | Germany | 2015 | 2021 | IPO | – | – | |
| Software | Canada | 2016 | 2020 | Trade Sale | – | ||
| E-commerce |  Sweden | 2015 | 2018 | Trade Sale | – |
Heureka Growth Fund IGrowth2010 · 16yr€150M0 active · 9 realized
Realized
9 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| HealthTech | Germany | 2013 | 2015 | Trade Sale | – | ||
| Software | Canada | 2012 | 2019 | Secondary | – | ||
| E-commerce | US | 2013 | 2015 | IPO | – | – | |
| E-commerce | Germany | 2012 | 2018 | IPO | – | – | |
| Consumer | Germany | 2010 | 2020 | Secondary | – | ||
| E-commerce | UK | 2013 | 2016 | Trade Sale | – | ||
| Consumer | Germany | 2010 | 2014 | Trade Sale | – | ||
| Consumer | Germany | 2012 | 2021 | Secondary | – | ||
| Consumer | Germany | 2011 | 2015 | IPO | – | – |
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Portfolio platforms backed by Acton Capital made 3 researched add-on acquisitions during its ownership. See the roll-up tracker
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Germany·€603MGet the full picture on Acton Capital.
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