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General Information

Funds

Total$305M
Heureka Growth Fund, 5/2010 €150M
Heureka Growth Fund II, 1/2014 $110M

Offices

HQ
Widenmayerstr. 29
München, 80538, DEU

People

Managing Partner
Managing Partner
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Investment Partner
Venture Partner
Director Legal Affairs
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Acton Capital Partners

Launched in April 2008, Acton Capital Partners is a Munich-based specialist investor in internet- and mobile-based, consumer-oriented businesses. Having managed more than 30 investments since 1999 as the corporate venture capital business of Hubert Burda Media, the German family-owned global media company, the Acton team brings a wealth of expertise to the companies in which it invests, delivering superior capital returns.

Successful History

Since its inception, the BDV Fund has focused on early stage companies, with Acton Capital Partners assuring continuity for the portfolio companies and their outstanding entrepreneurs. Hubert Burda Media is the sole investor in the BDV Fund, which currently has 15 companies in its portfolio and has seen a number of successful exits via a variety of routes including IPOs and successful trade sales.

The highest profile names on the list of successes include “ciao.com”, the product and price review comparison website, “abebooks.com”, the world’s largest used and antiquarian book site, and “holidaycheck.com”, the traveler to traveler travel forum. The BDV Fund is closed to investment in new ventures but has capital in reserve for further investment in existing companies should they require it.

Future Opportunities

The Heureka Growth Fund targets later stage companies with an established track record of revenue and profitability. The ideal investment candidates are European technology-enabled companies striving to take their growth opportunities to the next level. The focus of the Heureka Growth Fund remains firmly on Europe, with a maximum of 30% available for investment outside the region.

Commitment and Values

Hubert Burda Media is a significant investor in The Heureka Growth Fund, demonstrating its confidence in, and its commitment to, the established and successful Acton Capital Partners approach to investment, an approach based on the highest standards of ethics, fairness and team spirit. This confidence is built on sound foundations; Hubert Burda Media has benefited since 1999 from rates of return on its investment that would have placed the fund in the top percentile of VC funds in the 1999-2008 period.

Our Munich-based investment team has a first-class pedigree and offers an outstanding platform for entrepreneurial value creation. In the course of building the BDV Fund we have established a comprehensive network of entrepreneurs, industry specialists, and finance professionals to ensure a steady proprietary deal flow.

Recent Milestones

Investments

Company Date Round Size Participants
Clio 3/2014Series C$20M4
MyOptique Group 12/2013Venture Round£8M3
Indochino 3/2013Series B$13M3
Windeln.de 2/2013Series B$19.6M3
sofatutor 9/2012Venture Round3
Fashion For Home 7/2012Venture Round2
KupiVIP 6/2012Venture Round$38M5
Clio 1/2012Series B$6M2
Bueroservice24 8/2011Venture Round1
tolingo 5/2011Series B3
Momox 12/2010Venture Round1
Etsy 8/2010Series E$20M4
Frontline GmbH 6/2010Venture Round1
mytheresa.com 1/2010Grant1
Glasses Direct 4/2009Series B£10M3
TeamPages 3/2009Series B3
Indochino 4/2008Venture Round$250k2
Nexopia 2/2008Venture Round2
Etsy 1/2008Series D$27M4
AlphaSights 1/2008Venture Round1
mokono 1/2008Venture Round1
Escapio 1/2008Venture Round1
TeamPages 11/2007Series A$500k2
edelight 6/2007Series A2
Mahalo 1/2007Series B$16M6
IndigoBoom 1/2007Series A4
Suite101 1/2007Venture Round1
TripsByTips 2007Venture Round1
Avenso 2007Venture Round1
GameDuell 1/2003Seed3
Zooplus 2000Venture Round1
United Ambient Media AG 2000Venture Round1

Videos

Sources

  1. Acton Closes 150 Million Euro Growth Fund For Europe And US Tech (techcrunch.com) [edit]
  2. Germany's Acton Capital Closes on $110M for Internet-Focused Growth Fund (pevc.dowjones.com) [edit]
  3. Clio Raises $20M in Series C Financing (finsmes.com) [edit]
  4. MyOptique Raises Another £8M To Grow Internationally And Acquire Others (techcrunch.com) [edit]
  5. Indochino Raises $13.5M Series B Led By Highland Consumer Fund, Launches New Line (techcrunch.com) [edit]
  6. Windeln.de, The German Diapers.com Clone, Raises Further $19.6M For Its Baby Products Online Store (techcrunch.com) [edit]
  7. Online Tutoring Platform Sofatutor Raises ‘Mid Single-Digit Million Euro’ Round From Acton Capital Partners (techcrunch.com) [edit]
  8. FASHION FOR HOME Raises Funding (finsmes.com) [edit]
  9. The Gilt Groupe of Russia, KupiVIP, Raises Another $38M Led By Intel (techcrunch.com) [edit]
  10. Clio Grabs $6 Million To Help Bring Small Legal Practices To The Cloud (techcrunch.com) [edit]
  11. Bueroservice24 Receives Equity Investment from Acton Capital Partners (finsmes.com) [edit]
  12. Tolingo Completes Second Funding Round (finsmes.com) [edit]
  13. Momox Raises Funds from Acton Capital Partners (finsmes.com) [edit]
  14. TechCrunch (techcrunch.com) [edit]
  15. Frontline Receives Venture Capital Financing from Acton Capital Partners (finsmes.com) [edit]
  16. Germany, mytheresa.com Receives Minority Investment (finsmes.com) [edit]
  17. Glasses Direct Raises £10 Million of Financing (hcp.com) [edit]
  18. Amateur Sports' Network TeamPages Raises Further Funding (thealarmclock.com) [edit]
  19. company (direct) [edit]
  20. Nexopia.com Announces Major Investment from Leading European Media Company (redcanary.ca) [edit]
  21. Etsy Raises $27 Million; Accel’s Jim Breyer Joins Board (techcrunch.com) [edit]
  22. Citation Needed [add]
  23. German Media Giants Invest in Blog.de and myphotobook (thealarmclock.com) [edit]
  24. Citation Needed [add]
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  26. Burda Digital Ventures beteiligt sich an der neuartigen deutschen Social Commerce-Plattform „edelight“ (burda.de) [edit]
  27. @ D: Calacanis’ New Venture: Mahalo, Human-Powered Search Engine; $16 Million Funding (paidcontent.org) [edit]
  28. uk.techcrunch.com [edit]
  29. Citation Needed [add]
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  32. Gaming Site GameDuell Scores $17.45 Million For Expansion (paidcontent.org) [edit]
  33. Citation Needed [add]
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Last Edited 3/25/14

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