Acton Capital raises $215m

The Munich-based venture capital firm closed its fifth technology fund.

Acton Capital Partners held a final closing of Acton Fund V at $215 million. The venture capital fund surpasses capital raised by its predecessor, Acton Fund IV, which closed in 2014 at €170 million ($190 million).

Fund V received commitments from several institutional investors including Hubert Burda Media, KfW Bank and European Investment Fund. Capital raised by the vehicle will be used to invest in growth-stage technology startups throughout Europe and North America.

Acton Capital will make investments ranging between $5 million and $20 million per company. The firm has already used committed capital to invest in several organisations including MBP; a re-commerce platform, expertlead; a tech community, and Maple; a telemedicine provider.