Acton Capital has closed a brand new $240m (€225m) fund to spend money on startups throughout Europe and Canada.
The enterprise capital agency, which has beforehand invested in Mambu and iwoca, is taking a look at firms with confirmed enterprise fashions on the early progress stage.
It plans to spend money on 6-8 offers per yr, working from €3-10m.
The brand new fund is Acton Capital’s largest fund because it launched in 1999.
“Now we have all the time targeted on progress that’s pushed by motive relatively than short-term momentum. We’re launching Acton VI in a market surroundings the place this strategy is extra essential than ever. Within the present market cycle, the necessity to steadiness a lovely progress profile and strong monetary fundamentals might be of paramount significance,” managing companion at Acton Capital, Dominik Alvermann, mentioned.
“Our excessive conviction funding strategy and the expertise from 5 prior fund generations put us in an important place to be a very significant companion to present and future founders,” he added.
