The UK Future Technologies Fund (UKFTF) has signed its second commitment into the Heureka Growth Fund, which is managed by Munich-based Acton Capital Partners and targets industry leading growth stage companies in the internet and mobile communications sector.
Heureka focuses on consumer-oriented business models in e-commerce, media and marketplaces, mainly within Europe but also in North America. The team has a long record of investing in the most exciting high growth potential early and expansion stage technology companies.
The UKFTF commitment further supports Heureka’s active approach towards the UK market. In fact, the team has been active in the UK market for years and Heureka has already made a substantial investment in a very promising UK company – Glasses Direct, the UK’s largest online glasses retailer.
Managed by a very experienced team and with its focused investment strategy, Heureka is expected to contribute to unlock the potential of media related growth companies to market new technologies, create highly skilled jobs and support the UK’s place as a global leader of innovation.
“We are very pleased to welcome UK FTF as a new investor in the Heureka Growth Fund,” says Jan-Gisbert Schultze (pictured), Managing Partner of Acton. “This is a further endorsement of our investment strategy and in particular of our approach towards the UK market. We are also very happy to further foster our relationship with EIF which already proved to be very valuable for the fund.”