Search company, investor...

Predict your next investment

Venture Capital
FINANCE | Investment Firms & Funds
actoncapital.com

Investments

120

Portfolio Exits

27

Funds

7

About Acton Capital

Acton Capital operates a venture capital firm. It focuses on marketplaces, e-commerce, digital media, and small to medium enterprises. It focuses on the fields of fintech, consumer health, mobility and logistics, education, or the future of work on their way to market leadership. It was founded in 1999 and is based in Munich, Germany.

Headquarters Location

Widenmayerstr. 29

Munich, 80538,

Germany

+49-89-2421-887-0

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

Latest Acton Capital News

R|T: The Retail Times – WeWork cuts Canadian locations, Shein IPO targets $90B valuation

Nov 16, 2023

Plus: Inside Indigo's plan to return to profitability. Share on: The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe. Subscribe to R|T using the form at the bottom of this page to ensure you don’t miss out on the most important retail tech news every week! Acton Capital has closed its sixth venture capital (VC) fund, securing $240 million USD to back tech startups across Canada and Europe. To date, Acton has backed nine Canadian tech firms. Acton partner Hannes Blum, based in Vancouver, has led the firm’s investments in Canada for the past seven years. According to Blum, Acton intends to back 15 to 20 startups in total through Fund VI, including another two to four Canadian startups. WeWork, the office-sharing company once valued at tens of billions of dollars, wants to shutter four of its Canadian co-working spaces as part of its plans to restructure, after filing for U.S. bankruptcy protection at the beginning of this week. The spaces in Toronto , Vancouver , and Burnaby are on the chopping block along with 65 other WeWork locations in New York, Boston and other U.S. cities, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of New Jersey. Deloitte has announced the 2023 winners of its Technology Fast 50, a list meant to highlight Canadian companies demonstrating rapid revenue growth. Deloitte said this year's Technology Fast 50 winners have an average three-year revenue growth rate of 2,213 percent, a significant reduction from last year's average of 3,093 percent, while Dapper Labs topped the list at a whopping 16,910 percent. This year's top three was rounded out by Noibu, an error-detection startup for e-commerce websites, in second place with a 12,865 percent three-year growth rate and BioRender, a Canva-like platform for scientific-modeling, in third. Shein is touting its hopes for a valuation of as much as $90 billion as it lays the groundwork for an eventual US initial public offering, a level that far exceeds the $50 billion to $60 billion the fast-fashion giant is valued in private trades. The timing of the share sale remains uncertain given the market volatility, according to the people. Despite year-over-year gains in the representation of women and visible minorities at Canadian venture firms, senior-level diversity in the industry is still lagging, according to a new report from BDC Capital. BDC Capital’s report found that overall, diversity at the senior levels of the private asset industry remains low—almost half of venture firms are entirely male owned, while eight percent are entirely visible minority owned and two percent are entirely woman or Indigenous owned. Only 31 percent of venture firms reported having gender parity. Toast shares plunged nearly 20% in after-hours trading. Rebate management software startup Enable International Inc. said it has closed on a hefty $120 million late-stage funding round, bringing its total amount raised to $276 million and its valuation to $1 billion. Enable is the creator of a rebate management software platform that helps manufacturers, distributors and retailers use rebates as a strategic lever for growth. In late May the Supreme Court of Canada dismissed an appeal application seeking to overturn an earlier decision by the Tax Court, which deemed below-market federal loans a form of government assistance, excluding them from being used in conjunction with SR&ED. As such, Canadian organizations may see some of what previously qualified for SR&ED benefits no longer eligible for the widely used tax incentive program if those expenses were paid for via a low or no-interest loan from a federal institution. According to the Canada Revenue Agency (CRA), SR&ED provides more than $3 billion in tax incentives to 16,000 businesses annually. Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, has raised $80 million in a new funding round led by Ontario Teachers’ late-stage venture growth fund amid a surge in the country’s online shopping activity. The Canadian pension fund has acquired a stake in the Pune-headquartered startup at about $1.4 billion valuation, the same value at which the startup raised a Series F tranche earlier. Canadian e-commerce giant Shopify posted higher-than-expected revenue and profit during the third quarter of 2023 after cutting costs and teaming up with Amazon on fulfillment. Shopify posted $718 million in net income during Q3, a jump from the $159 million the Ottawa-based company lost during the same period last year. In other earnings news this week, Lightspeed also exceeded its outlook , recording its first period of positive earnings before interest, taxes, depreciation, and amortization (EBIDTA) as a public company in Q2, posting a slim, $200,000 profit by this metric, beating its prior forecast of negative $4 million. In a statement, Lightspeed CEO Jean Paul Chauvet hailed reaching positive EBITDA as “a significant achievement” for the firm. Following a number of executive changes and a massive cyberattack that downed its systems, Indigo says it's embarking on a transformation plan. On a Wednesday call to discuss the company's second quarter, chief executive Heather Reisman mentioned the plan has both short- and long-term initiatives but offered no specifics beyond saying it is meant to “fully re-energize our connection to our customers.” The Government of Alberta has tabled changes designed to enable technology companies in the province to use the ‘software engineer’ title to attract and retain skilled talent. Engineers Canada and the country's provincial and territorial engineering regulators sent a letter to Alberta Premier Danielle Smith expressing strong opposition to the government's decision to change the province's Engineering and Geoscience Professions Act. Amazon announced changes to its grocery delivery service designed to make ordering from Amazon Fresh more competitive with rivals like Instacart, Walmart, Target-owned Shipt, DoorDash and others. The company says that, now, customers will no longer need an Amazon Prime membership to order groceries from Amazon Fresh for delivery or free pickup. Subscribe to The Retail Times Don’t forget to subscribe to The Retail Times using the form below to make sure it hits your email inbox every week! * indicates required

Acton Capital Investments

120 Investments

Acton Capital has made 120 investments. Their latest investment was in ECO Group as part of their Series A on July 7, 2023.

CBI Logo

Acton Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/27/2023

Series A

ECO Group

$5.5M

Yes

1

3/2/2023

Series A

Henchman

$6.91M

Yes

Adjacent, Conviction Capital, and Undisclosed Angel Investors

2

9/29/2022

Series A

Klaus

$11.74M

Yes

13

9/1/2022

Series A

Subscribe to see more

$99M

Subscribe to see more

10

7/4/2022

Seed VC - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/27/2023

3/2/2023

9/29/2022

9/1/2022

7/4/2022

Round

Series A

Series A

Series A

Series A

Seed VC - II

Company

ECO Group

Henchman

Klaus

Subscribe to see more

Subscribe to see more

Amount

$5.5M

$6.91M

$11.74M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Adjacent, Conviction Capital, and Undisclosed Angel Investors

Sources

1

2

13

10

10

Acton Capital Portfolio Exits

27 Portfolio Exits

Acton Capital has 27 portfolio exits. Their latest portfolio exit was Expertlead on August 08, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/8/2023

Asset Sale

$99M

1

12/20/2022

Acq - Fin

$99M

1

7/8/2022

Corporate Majority

$99M

14

6/13/2022

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

3/27/2022

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

8/8/2023

12/20/2022

7/8/2022

6/13/2022

3/27/2022

Exit

Asset Sale

Acq - Fin

Corporate Majority

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

1

14

10

10

Acton Capital Fund History

7 Fund Histories

Acton Capital has 7 funds, including Acton Capital Fund VI.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/8/2023

Acton Capital Fund VI

$240.5M

2

11/6/2019

Acton Fund V

Subscribe to see more

Subscribe to see more

$99M

10

10/27/2015

Heureka II Growth Fund

$99M

10

10/26/2015

Heureka Growth Fund II

Subscribe to see more

Subscribe to see more

$99M

10

1/15/2014

Heureka Growth Fund

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

11/8/2023

11/6/2019

10/27/2015

10/26/2015

1/15/2014

Fund

Acton Capital Fund VI

Acton Fund V

Heureka II Growth Fund

Heureka Growth Fund II

Heureka Growth Fund

Fund Type

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$240.5M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Acton Capital Team

8 Team Members

Acton Capital has 8 team members, including , .

Name

Work History

Title

Status

Steinunn Kristin Thordardottir

Founder

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Steinunn Kristin Thordardottir

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Founder

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.