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NEWSLETTER June 2021
The "future of metals trading", an award-winning audio platform to reduce kids' screen time, several public debuts, a CEO that nixed "involvement of any investor who questions her pregnancy" and a FinTech unicorn in stealth mode - as the pandemic recedes and the world reopens, there are exciting times ahead for our founders and their startup teams.
Enjoy reading the latest news from our growing Acton portfolio.
Best from Munich
Jan-Gisbert Schultze
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METALSHUB. Welcome "the future of metals trading"! Led by Acton and joined by existing investors Point Nine and Chromo, Metalshub closed an $11 mn SeriesA. We're excited to support Sebastian, Frank and their team to drive digital transformation in the industry , now targeting the next big milestone of $1bn GMV: Tech.eu
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YOTO. How to reduce your kid's screentime by inspiring imagination? Welcome Yoto - the award-winning audio platform for children. We're thrilled to lead a $17 mn Series A in one of UK's fastest growing DTC brands to support Ben & Filip's team on their mission to bring Yoto to families beyond Europe: Financial Times
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CLUNO. Germany's No.01 car subscription provider Cluno joins British online car dealer Cazoo ahead of its public debut. This acquisition makes Munich the new hub of Cazoo's expansion on the continent: The Times. Set up in 2018, the UK dealer is now getting ready to be listed in the US at a $7bn valuation: Bloomberg
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HOMETOGO. Public debut, part II - Lakestar I SE, a Luxembourg special purpose acquisition company, has published a letter of intent to acquire or assume 100% of the outstanding equity of HomeToGo. The global search engine for vacation rentals stands to benefit from the reopening as the pandemic recedes: Reuters
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KNIX. "CEO nixes involvement of any investor who questioned her pregnancy " - Knix from 🇨🇦 closed a C$53 mn round by TZP Group, Acton and several business angels to further expand in North America. We're extremely proud to support Joanna and her team in creating a true impact in the industry: The Globe&Mail
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MPB. £50mn to fuel circularity in the global creator economy: "We've been strong believers in the recommerce sector for a long time. It's great to see MPB reach the next milestone," (Sebastian). Congrats to Matt & his team from the world's largest reseller of photo kit & welcome on board, Vitruvian Partners: TechCrunch
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SOFATUTOR. Great news from Berlin: the most comprehensive digital learning platform in the German-speaking market has been acquired by a consortium of PE firms. Congrats to Stephan and the whole team! We have accompanied Sofatutor for nearly one decade and will be cheering them on for the next exciting growth phase ahead: Gründerszene
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LINAS MATKASSE. Public debut, part III: After a record year, Sweden's meal kit pioneer has completed a successful IPO on Nasdaq Stockholm. Linas has enabled families to enjoy healthy dinner kits at home. We're proud to have supported the team all along on their way to become the Nordic's leading provider: Dagens Industri.
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On (virtual) stage: Like every year, the annual German Startup Awards 2021 hosted by the German Startups Association named the rising stars of the national ecosystem - via livestream from Berlin. This year, Elisabeth joined the jury to select Germany's up- &-comers in the startup scene: review.
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On (virtual) stage, part II: Hosted by Plug'nPlay & CDTM, and co-organized with our colleagues from HV Capital & Ananda Ventures, Tom joined the very first Sustainability Summit DACH, a virtual meetup of the key players in the region. His insights and full overview of the "Sustainability Landscape DACH" via the Acton Angle.
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Reduce & rethink: "It's very frightening", "There's plastic everywhere" - wrapping-up our #noplasticwaste challenge 2021. Inspired by the LFCA initiative, we kicked off a two-week no-plastics-experiment with startup teams from 🇩🇪, 🇫🇷, 🇬🇧, 🇫🇮, 🇳🇴 & 🇸🇪. Together, we managed to reduce the plastic consumption by +60% in total.
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New talents: Meet the creative head behind latest projects like the #noplasticwaste challenge: our visiting analyst Marcel Seger worked hard to motive senior colleagues as well as portfolio teams to contribute. Marcel is in the last quarter of his master studies at TU Munich & is complementing his practical expertise in the industry.
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Any feedback, questions or want to get in touch with the team? Please drop us an email.
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