Acton Capital, the Munich-based growth VC, has announced the final closing of its new Acton Fund V at $215 million. Investments from the new fund will follow the firm’s typical geographical spread: 75 percent in Germany and Europe, 25 percent in North America. Furthermore, the new fund aims to fuel not strictly tech startups, but rather businesses whose models are “tech-enabled.” Current investments from Acton Fund V include Maple, a Canadian telemedicine platform; expertlead, a Berlin-based tech community; LemonOne, a Berlin-based B2B photo platform; MPB, Brighton-based re-commerce platform for high-end photo gear; and Knix, a Canadian direct-to-consumer label. Christoph Braun, managing partner at Acton Capital, explained further: “With the new Acton Fund V we aim to target startups in their growth stage. Our total investment per company will range from $5 to $20 million. We are looking for transformational business models across all sectors, which cater to consumers or SMBs. With the new fund, we are ready to support the next generation of great entrepreneurs who want to accelerate growth and build a business that lasts.” Jan Schultze, another managing partner, added: “Even in this hyper-growth environment, we can always rely on our core expertise: investing in substance, not the next hype. We only partner with teams who have a clear path to profitability and who are looking for active support instead of just money. As business model investors, we focus on real customer value and sustainable cash flows. No matter if the scope is national, international or global, we are looking for entrepreneurs that want to create value for the long run.” Limited partners of the new fund include the European Investment Fund (EIF) and KfW Bank, as well as renowned family-offices and entrepreneurs from Europe.