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VC-backed Indochino nets up to $42 mln from China's DayangVancouver-based custom menswear retailer Indochino has secured a strategic investment of up to $42 million from Dayang Group, a Chinese apparel manufacturer. The funding will support the company's North American and global expansion plans and enhance its product offering, Indochino said. Along with the funding, Indochino has signed an agreement with Dayang to increase the company's apparel selection and range of suit personalization options. Indochino reports achieving an average annual growth rate of over 100 percent since its founding in 2007. Its venture capital investors include Acton Capital Partners, Highland Consumer Partners, Madrona Venture Group and Version One Ventures.
Mobify raises $10 mln in funding round led by Acton CapitalVancouver, Canada-based Mobify, a mobile shopping platform, raised $10 million in a funding round led by Munich-based Acton Capital Partners. The company also announced that Hannes Blum of Acton Capital and Mark Organ, founder and chief executive officer of Influitive, joined the board of directors.
Mobify raises $10 mln in funding for mobile shopping platformMobify, a Vancouver-based mobile commerce and engagement platform, has secured $10 million in financing. The round was led by Acton Capital Partners, a German venture capital firm. With the deal, Hannes Blum, a venture partner at Acton, will join the company's board of directors, as will Influitive CEO Mark Organ. Founded in 2007, Mobify delivers technology and services that help businesses engage with connected consumers to increase revenue online and in-store. The company said it plans to accelerate global growth beyond its existing customers, which currently total 150. Last December, Mobify acquired /canada/2015/12/01/mobify-buys-vc-backed-mobile-marketing-platform-donde/ Dónde, a Chicago-based provider of location-aware mobile technology.
- German banking platform Mambu picks up 8 mln euros
Germany-based Mambu, an SaaS banking platform provider, has secured 8 million euros in funding. Acton Capital Partners and CommerzVentures led the round.
Acton makes push for Europe’s growth sceneLate-stage funds are thin on the ground in Europe, but a flurry of recent exits from Acton Capital Partners should encourage other firms to look beyond Series A
- LP Radar - November 2015
See the latest PE LP updates, including allocation changes and people moves.
- Germany's Acton Capital raises $200 mln for growth fund
Munich-based Acton Capital Partners hit its target and held a final close of $200 million on Heureka II Growth Fund. Anchor investors include the European Investment Fund, Hubert Burda Media, KfW Banking Group, UniCredit Bank and family offices. The firm held a $110 million first close on the growth equity fund in January 2014. Acton focuses on growth companies in consumer Internet, such as online marketplaces, e-commerce, e-services, digital media and software as a service.
- Ecommerce platform TicTail rakes in $22 mln
TicTail has secured $22 million in funding, the company announced in a blog post https://tictail.com/blog/congratulations-tictail/#more-4320 on its site. Creandum Capital led the round with participation from Thrive Capital, Balderton Capital and Acton Capital Partners. Based in Sweden and New York City, TicTail is an ecommerce platform.
European people briefs for November 2014123Venture looks to expand; Acton beefs up
Flush with cash, Vancouver startup Clio hires more top talentThemis Solutions, better known as Clio, appears to be making ample use of the substantial venture capital funding it raised /canada/2014/03/25/clio-raises-20-mln-series-c-round-led-by-bessemer-venture-partners/ a few months ago. The Vancouver-based startup, a specialist in cloud-based management tools for the legal industry, has made several starry hires of late, including former Google Canada marketing exec Neil Shankman.