Munich-based early-stage investor Acton Capital Partners has held a first close for its Heureka Growth Fund II vehicle on more than $110m.
Anchor investors in the fund included European Investment Fund and media group Hubert Burda Media.
Acton said it plans to hold a final close on at least $200m “in the coming months”.
It said Heureka II would continue the predecessor fund’s strategy of targeting transaction-based B2C and B2smallB companies in e-commerce, online marketplaces, e-services and digital media.
Acton managing partner and fundraiser Jan-Gisbert Schultze said, “We are thrilled to see such great interest on the part of investors.
“The fact that most investors in the previous fund decided to also commit to the new fund is a strong vote of confidence which we very much appreciate.”
Fund I currently holds stakes in 15 portfolio companies including Etsy, MyOptique Group and Clio.
Last month the firm renewed its commitment to MyOptique by leading an £8m investment roud alongside Highland Capital Partners, Index Ventures and new backers Cipio Partners and GP Bullhound Sidecar.
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