/Investors

Acon Investments

Private equity

Washington · Seed–Late Stage · 39 people tracked

Also known as Acon Equity Management, L.L.C. · ACON LATAM MANAGEMENT, L.L.C.

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Investment thesis

ACON Investments pursues value creation driven by dislocation, targeting opportunities at the intersection of sector and situation. The firm concentrates on the consumer and industrials sectors, identifying situations where value can be created through brand repositioning, industry consolidation, corporate carve-outs, or by serving as first institutional capital. Led by a team investing together for over 25 years, ACON applies deep sector expertise and situational focus to its investments.

Source: firm website, verified Sep 27, 2026.

Stage
Seed–Late Stage
HQ
Washington, DC, US
Leads rounds
Leads
Instruments
Equity
Founded
1996
AUM
$1.2B
Tracked investments
81
IPOs
1

Team · 39 people

from the firm's website
Rayo Estela Barbosa Gallardo· Administrative Manager

Administrative Manager at ACON supporting the Mexico office, joining in 2021.

What they invest in

from 42 of 81 portfolio companies

Consumer ×21E-commerce ×11Advanced Manufacturing ×10Direct to Consumer ×8FoodTech ×8Healthtech ×8Hardware ×5Cleantech ×4

HQs:United States×13Brazil×5Mexico×5Spain×4Colombia×3Argentina×2

Investments · 81 tracked

founders shown can be your intro path

By year:2018 · 12017 · 12 dated

Funkofunko.comNASDAQ: FNKO

Funko is a US public company that designs and sells licensed pop culture collectibles, best known for Pop! vinyl figures.

Josh Simon(Chief Executive Officer and Director)in

Co-investorsThe Chernin Group (TCG Crypto)Ebay

Dwpsolutionsdwpsolutions.com✓ verified

Dignity & Wellness Patient Solutions (DWP) is the parent company of Injured Workers Pharmacy (IWP), a full-service workers' compensation pharmacy, providing shared services, infrastructure, and operational support.

Digital HealthHealthtech

Michael Gavin(Chief Executive Officer)Pam Rippens(Chief Operating Officer)Jayne Kresac(Vice President of Legal, Government Affairs and Communications)Neil Welch(Chief Clinical Officer)Steve MacIntosh(Chief Financial Officer)

Co-investorsParthenon

Romarglobalcareromarglobalcare.com✓ verified

Romar Global Care is a Valencia-based manufacturer of liquid and aerosol products for perfumery, cosmetics, personal hygiene, cleaning, air care, automotive, and party use, with international marketing and distribution.

Advanced ManufacturingConsumerValencia, ES

Actinveractinver.com

Actinver is a Mexican financial group offering investment products and banking services—including mutual funds, promissory notes, Cetes, and personalized strategies—through both self-directed digital platforms and advised services.

Fintech

Alpargatasalpargatastextil.com.ar

Alpargatas Textil is an Argentine textile manufacturer specializing in denim, operating its own production plant.

Advanced ManufacturingNew Materials

Alsuralsurvegetales.com

ALSUR is a food producer that grows and processes vegetables, operating its own facilities in Spain and Peru.

ConsumerFoodTech

Atlanticsustainablecatchatlanticsustainablecatch.com

Atlantic Sustainable Catch is a seafood platform that processes and distributes scallops, North Atlantic lobster, and Ahi tuna through its subsidiaries Northern Wind, Raymond O'Neill & Son Fisheries, and Suncoast Seafood.

FoodTechLogistics & Supply Chain

Bbicompanybbicompany.com

Beauty by Imagination is a global haircare company that operates a portfolio of hair-care and grooming brands offering brushes, styling tools, accessories, and products for both consumers and salon professionals.

ConsumerDirect to Consumer

Betterwarebetterware.com.mx

Betterware operates an online store in Mexico selling home goods and household products directly to consumers, with a registration-based shopping model.

ConsumerDirect to ConsumerE-commerce

Bioionicbioionic.com

Bioionic manufactures hair dryers and related styling tools with smart technology features.

ConsumerDirect to ConsumerE-commerceHardware

Kay Romero(Founder)in

Biomatrixsprxbiomatrixsprx.com

BioMatrix Infusion Pharmacy operates a network of infusion and pharmacy locations providing infusion therapy and clinical care to patients, providers, and healthcare partners.

Digital HealthHealthtech

Biosidusbiosidus.com.ar

Biosidus is a biotechnology company focused on applying biotech to human health, developing and commercializing therapeutic products.

BiotechHealthtech

Mariano Elizalde(CEO)

Bordendairybordendairy.com

Borden Dairy is a long-standing American dairy company that produces milk and other dairy products sourced from a network of family farms, with a stated focus on animal welfare and rbST-free practices.

ConsumerFoodTech

BSMbsm.com.br

BSM is a company that emphasizes workplace safety and health as a core corporate value, using safety management policies, preventive and reactive control indicators, and team training to ensure activities are carried out in compliance with legal standards.

Sector Agnostic

Carullacarulla.com𝕏

Carulla is a Colombian supermarket chain operating an online store where customers can browse and order groceries and household products for delivery.

ConsumerE-commerceRetail Tech

Co-investorsSwanlaab Venture Factory

Commandocommandostudio.com

Commando Studio operates a network of boutique fitness studios offering indoor cycling, bootcamp, and workshop classes across multiple locations.

ConsumerSports TechWellness & FitnessMexico City, MX

Contenurcontenur.com

Contenur manufactures urban waste containers, including injected polyethylene containers and vertical bilateral loading models, and supplies them to municipalities for residential waste collection.

Advanced ManufacturingCircular EconomyCleantech

Co-investorsNexxus Capital

Cryoholdcocryoholdco.com

CryoHoldCo is a Latin American biotechnology company focused on stem cell research, regenerative medicine, and cryopreservation.

BiotechHealthtechMedical Devices

Dori Alimentosdori.com.br

Dori is a Brazilian confectionery brand that makes candies and sweet snacks, including gummies, whipped-cream fruit candies, lollipops, chocolates, and natural fruit snacks.

ConsumerFoodTech

Fleetwashfleetwash.comOct 2018

FLEETWASH provides commercial fleet and facility cleaning services, including truck washing, building and rooftop cleaning, HVAC coil cleaning, disinfecting, and parking lot maintenance, using a patented water recovery system for environmental compliance.

CleantechLogistics & Supply ChainFairfiled, US

Vito DiGiovanni(Executive Officer, Director)Anthony DiGiovanni(Executive Officer, Director)James DiCarlo(Executive Officer, Director)

Formacionalcalaformacionalcala.es

Formación Alcalá offers online certified training and continuing education courses for healthcare professionals such as nurses, physiotherapists, and pharmacy technicians, with qualifications recognized by European universities.

EdTechHealthtech

Fybecafybeca.com

Fybeca is an online pharmacy and drugstore selling medications, dermocosmetics, beauty products, and baby-care items, offering home delivery and in-store pickup.

ConsumerE-commerceHealthtech

GBarbosagbarbosa.com.br

GBarbosa is a Brazilian retailer offering supermarket shopping with weekly flyers, discount coupons, cashback, a loyalty club, and a branded store credit card.

ConsumerE-commerceRetail Tech

Germaine De Capuccinigermaine-de-capuccini.com

Germaine de Capuccini is a professional skincare cosmetics brand offering facial care products, serums, and treatment routines.

ConsumerE-commerceWellness & Fitness

Grupo GMIgmi.com.mx

Grupo GMI is a Mexican metalworking company that manufactures building systems and storage systems for constructing industrial warehouses and distribution centers of up to four levels.

Advanced ManufacturingConstruction TechLogistics & Supply ChainCiudad de México, MX

Idxcorporationidxcorporation.com

idX designs and manufactures custom retail and commercial environments, managing complex multi-location rollouts along with logistics for its clients.

Advanced ManufacturingConstruction TechRetail Tech

Igloocoolersigloocoolers.com𝕏

Igloo manufactures coolers and outdoor storage products for consumers, with a heritage in durable, practical design spanning from 1947 to the present.

ConsumerDirect to ConsumerE-commerceHardwareKaty, US

Iimakiimak.com

ARMOR-IIMAK designs and manufactures thermal transfer ribbons used for printing traceability and identification data across various applications.

Advanced ManufacturingHardwareNew Materials

Impremediaimpremedia.com

My Code (formerly H Code) is a media company and marketing agency focused on multicultural and "growth audience" consumers, connecting brands with Hispanic, Black, AAPI, and LGBTQ+ consumers across a network of publisher sites in the U.S.

AdTechMarketing TechMedia & Entertainment

Co-investorsHalyard

Invercapinvercap.com.mx

InverCap Afore is a Mexican retirement fund administrator (Afore) that manages workers' retirement savings and voluntary contributions, investing them in specialized retirement funds (Siefores).

Fintech

KiSaborkisabor.com.br

Kisabor is a Brazilian food brand owned by Food Brands S.A. that produces a range of packaged grocery products including seasonings, sauces, mayonnaise, teas, grains, popcorn, soups, sweets, and spices, with offerings for both retail consumers and food service.

ConsumerFoodTechJundiaí, BR

New Eraneweracap.com𝕏

New Era manufactures and sells branded headwear, including baseball caps and other fashion hats, serving sports leagues, teams, and consumers in the sports and fashion markets.

ConsumerDirect to ConsumerE-commerceSports TechBuffalo, US

Ehrhardt Koch

Novipaxnovipax.com

Novipax makes absorbent products and technologies—including active absorbents, compostable options, and theft-sensor solutions—for food packaging and foodservice applications such as protein/meat trays.

Advanced ManufacturingFoodTechNew Materials

Ouidadouidad.com

Ouidad formulates hair care products designed for curly and coily hair types, offering specialized product collections that address moisture, definition, and frizz concerns across different curl patterns.

ConsumerDirect to ConsumerE-commerceWellness & FitnessNew York, US

Pine Environmental Servicespine-environmental.comin𝕏

Pine Environmental provides a customizable cloud-based environmental monitoring platform that uses cellular and GPS technology to stream real-time data on parameters like dust and water quality to users' devices and computers.

Advanced ManufacturingCleantechConstruction TechHardwareIoTUS and Canada, US

Co-investorsSaw Mill

Rymelrymel.com.co

Rymel (Rymel Ingeniería Eléctrica S.A.S.) designs and manufactures electrical transformers and related equipment, and provides technical services such as maintenance, electrical testing, transformer repair, oil analysis, and thermography.

Advanced ManufacturingEnergyHardwareCopacabana, CO

Saetowerssaetowers.com

SAE Towers manufactures steel lattice towers and hardware for power transmission and distribution lines, and provides EPC project services covering design, prototyping, testing, and construction.

Advanced ManufacturingCleantechEnergy

Saleslandsalesland.net

Salesland provides outsourced sales services and commercial teams across channels including field sales, point-of-sale, digital sales, and remote sales.

ConsumerMarketing TechSales Tech

Saporesapore.com.br

Sapore is a Brazilian corporate food service company that operates restaurants and provides meal services for corporate clients.

ConsumerFoodTech

Daniel Mendez

Spectracfspectracf.com

Spectra is a commercial flooring contractor that plans and delivers flooring projects for businesses across the United States.

Construction Tech

True Religiontruereligion.com

Design-based premium jeans and sportswear apparel brand selling direct-to-consumer and through wholesale partners.

Co-investorsTowerBrook

Usvisionusvision.com

U.S.Vision is a retailer of optical products and services that operates licensed vision departments in about 250 U.S. retail locations, including JCPenney, Meijer, Boscov's, and AAFES military exchanges, as well as freestanding vision centers.

ConsumerHealthtechRetail Tech

Vitalisvitalislaboratorio.comin

A pharmaceutical company that develops and manufactures injectable medications across therapeutic areas including infectious disease, cardiology, anesthesia, gastroenterology, neurology, and oncology, as well as ophthalmic solutions and semi-solid products.

BiotechHealthtechMedical Devices

Wetbrushwetbrush.com

Wet Brush manufactures hair care and styling tools, including detangler brushes with ionic technology designed for frizz control and reducing hair breakage.

ConsumerDirect to ConsumerE-commerceWellness & Fitness

Co-investorsTopspin Partners

Yumearthyumearth.comin

YumEarth sells organic, allergy-friendly candy and snacks—including lollipops, gummies, fruit snacks, hard candies, jelly beans, and licorice—direct to consumers through its online store.

ConsumerDirect to ConsumerE-commerceFoodTech

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ACON Franchise HoldingsAmforapackagingBeauty by ImaginationBidftaBioMatrix Specialty PharmacyConexãoCredivaloresDignity & Wellness Patient SolutionsDiverzifyFairway Outdoor AdvertisingFiestamartFlorimexFontus RenewablesFormación AlcaláFTIGoodyGrupo SalaHidrotenenciasIgloo ProductsiiMEDMagic MediaNetunoPeterpiperpizzaRadiovisaRefac Optical GroupRmhfranchiseSIEXSpectra Contract FlooringSpencer GiftsSpencersonlineSpirithalloweenSuzoSuzohappVideomar Rede NordesteViveroWaldos

Exits · 1

1 IPOs

FunkoNASDAQ: FNKO

Fund performance · per public LP disclosures · 5

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
ACON Equity Partners IVLPs: Empire State Development – New York Ventures, Oregon Public Employees Retirement System, California State Teachers' Retirement System2016—8.5%1.42x0.68x
ACON Equity Partners 3.5LPs: Empire State Development – New York Ventures, California State Teachers' Retirement System, Los Angeles City Employees' Retirement System +1 more2012—2.7%1.13x1.11x
ACON Equity Partners IIILPs: New York City Police Pension Fund2012—2.0%1.08x1.05x
ACON Equity Partners III, L.P.LPs: Teachers' Retirement System of the City of New York2012—2.3%1.09x—
Acon-Bastion Partners II, L.P.LPs: California Public Employees' Retirement System, California State Teachers' Retirement System, Los Angeles City Employees' Retirement System2006—12.3%1.74x1.74x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

How many investments has Acon Investments made?
Acon Investments has 81 tracked investments, 1 of which have exited.
What stage does Acon Investments invest at?
Acon Investments invests at the Seed, Series A, Growth, Late Stage stages.
What sectors does Acon Investments focus on?
Acon Investments focuses on Advanced Manufacturing, Consumer, Enterprise Software, Fintech, Healthtech, Sector Agnostic.
Where is Acon Investments located?
Acon Investments is headquartered in Washington, US.
Does Acon Investments lead rounds?
Yes, Acon Investments leads investment rounds.
Who does Acon Investments co-invest with?
Acon Investments most often shares deals with Halyard, Nexxus Capital, Saw Mill, among 5 tracked co-investors.

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Acon Investments photo

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