Acton Capital Partners, a Germany-based venture capital firm backed by media group Hubert Burda, has invested an undisclosed amount in local fashion retailer Frontline for a minority stake.
Founded by Torsten Lange as a mail-order service for the audio recording industry, the company moved over to fashion in 1984.
Frank Seehaus, a managing partner at Acton, said "The team [at Frontline] has built an ideal base to turn the company into an international fashion industry champion."
The www.frontlineshop.com sells clothes online and has revenues of €30m [$37m] and is the third investment of Acton’s Heureka Growth Fund, which last month raised €150m as the first independent fund after the firm spun out from Hubert Burda.
Munich-based Acton was founded in 2008 by Christoph Braun, Paul-Bernhard Kallen, Jan-Gisbert Schultze and Seehaus.
From 1999, the four partners acquired stakes on behalf of Burda Digital Ventures in more than 40 internet-based business-to-consumer businesses, including AbeBooks, Alando, ciao.com, Elitepartner, HolidayCheck, OnVista and zooplus.