Acton Capital holds final close for its fifth fund

Venture capital firm Acton Capital has held the $215m final close for its Acton Fund V, eyeing tech-enabled business models and startups.

With the new vehicle, Acton is looking to invest between $5 and $20m in growth stage companies.

The fund’s predecessor closed in 2014 on $190m and has backed companies including core banking SaaS platform Mambu.

Target markets for Acton include FinTech, e-commerce, and SaaS.

Acton Capital managing partner Christoph Braun said, “Even in this hyper-growth environment, we can always rely on our core expertise: investing in substance, not the next hype. We only partner with teams who have a clear path to profitability and who are looking for active support instead of just money.

“As business model investors, we focus on real customer value and sustainable cash flows. No matter if the scope is national, international or global, we are looking for entrepreneurs that want to create value for the long run.”

The fund has already been tapped to make a handful of investments including into online marketplace MPB Re-commerce.

Other companies in its portfolio include GP practice Maple HealthCare, freelance hiring platform expertlead and photography company LemonOne Platform.

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