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ACTivate Capital

Venture capital

Canberra · Pre-Seed–Series A · 11 people tracked

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Investment thesis

ACTivate Capital focuses on the Canberra innovation ecosystem, backing early-stage founders with pre-seed, seed and Series A capital. Drawing on more than 20 years of local investing (formerly as Epicorp and ANU Connect Ventures), the firm leverages deep ties to regional institutions and networks such as the Canberra Innovation Network, plus access to national experts, to help startups grow with a global perspective. The team contributes international experience in building, scaling and raising capital for ventures across global markets. With the ACT Government as a cornerstone investor, the firm positions itself as a stable, long-term partner supporting founders throughout their growth journey.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
HQ
Canberra, ACT, AU
Instruments
Equity
Last 12 months
6 investments
Tracked investments
41
Unicorns
5
Acquisitions
1

Team · 11 people

from the firm's website

What they invest in

from 34 of 41 portfolio companies

AI & Machine Learning ×14Energy ×12Enterprise Software ×12Climate Tech ×11Cleantech ×10SaaS ×10Hardware ×8Deep Tech ×5

HQs:United States×21Canada×2Argentina×1Australia×1Germany×1United Kingdom×1

Investments · 41 tracked

founders shown can be your intro path

By year:2026 · 52025 · 32024 · 22023 · 32022 · 42018 · 421 dated

119119-website.netlify.appJul 2022 · $119M

119 is a patent-pending mobile and wearable system that acts as a modern medical ID, communicating a user's medical information to bystanders or first responders via QR code and guiding them through the appropriate emergency response.

Digital HealthHardwareHealthtech

Jen(Founder)

Co-investorsJumpStart EquityBlackRockFidelity InvestmentsLightrockPrologis VenturesRedpoint Ventures+2 more

Aeronesaerones.comin𝕏

Aerones provides robotic inspection, cleaning, coating, and repair services for wind turbine blades.

Advanced ManufacturingCleantechClimate TechDeep TechEnergyRoboticsRiga, LV

Dainis Kruze(Founder)inJanis Putrams(Founder)in

BoardBala Nagarajan(Director)Paul Neal Jordan(Director)Andris Berzins(Director)inPHILIPP GOEHRE(Director)

Co-investorsACTIVATE CAPITAL PARTNERSAhren Innovation CapitalCarbonChange VenturesEvergy VenturesFranz Haniel & Cie. GmbH+18 more

Altanaacceldata.ioin

Acceldata provides a unified platform for building, governing, and scaling data and AI workloads with end-to-end observability across pipelines.

AI & Machine LearningData & InfrastructureEnterprise SoftwarePalo Alto, US

Rohit Choudhary(Founder)inAshwin Rajeeva(Founder)inSatish Krishnamurthy(Executive Officer, Director)Maram Nagendraprasad(Executive Officer, Director)Gaurav Nagar(Founder)in

BoardDev Khare(Director)in

Co-investorsDrive CapitalEMERGENT VENTURESFelicis VenturesFocal VenturesForesite CapitalGeneral Catalyst+23 more

Altana AIaltana.aiinJul 2024

Altana operates an AI-powered network platform that connects businesses, logistics providers, and government agencies to automate global trade compliance and supply chain visibility through a shared system of record for product information and value chains.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainBrooklyn, US

Evan Smith(Co-Founder and Chief Executive Officer)inRaphael Tehranian(Co-Founder and Chief Operating Officer)inPeter Swartz(Co-Founder and Chief Science Officer)inIan Cadieuin

BoardGaetano Crupi(Director)inKarim Faris(Director)in

Co-investors53 StationsACTIVATE CAPITAL PARTNERSAlleyCorpAmadeus Capital PartnersCollective LiquidityFloating Point+16 more

Antora Energyantora.comin𝕏

Antora manufactures thermal battery systems for long-duration energy storage, serving manufacturers and data centers seeking to tap into low-cost renewable power.

CleantechClimate TechEnergyEnterprise SoftwareFintechHardwareImpact & Social GoodNew MaterialsSunnyvale, US

Andrew Ponec(Founder)inDavid Bierman(Founder)inJustin Briggs(Founder)inDavid Bierman, Ph.D.(Chief Commercial Officer, co-founder)Justin Briggs, Ph.D.(Chief Operating Officer, co-founder)Alfred Johnson(CEO & Co-Founder)

Co-investorsAndreessen HorowitzBlackRockTemasekBreakthrough Energy VenturesCongruent VenturesCreative Destruction Lab (CDL)+22 more

Costanoa Venturescostanoavc.com

Costanoa is a venture capital firm that invests in early-stage founders solving large, technically hard problems, with a focus on enterprise software companies.

Enterprise Software

Co-investorsBCIFoundryACME CapitalArcTern VenturesCherry VenturesCongruent Ventures+5 more

Crusoecrusoe.aiin𝕏Oct 2025

Crusoe builds energy-first AI infrastructure, using innovative and renewable energy sources to power hyperscale AI factories and a cloud platform for AI workloads.

AI & Machine LearningCloud ComputingData & InfrastructureEnergyDenver, US

Cully Cavness(Founder)inChase Lochmiller(Founder)inCharles Cavness(Executive Officer, Director)Matthew DeNezza(Executive Officer)inJamey Seely(Executive Officer)inMichael Gordon(Executive Officer)in

Co-investorsAbstract VenturesACTIVATE CAPITAL PARTNERSAdvaita CapitalAir Street CapitalAkkaAlkeon Innovation+70 more

Enpalenpal.comin𝕏

Enpal offers residential solar systems for German households, available for purchase or rental in an all-in-one package that can include battery storage, a wallbox, an app, and a heat pump.

CleantechClimate TechEnergyBerlin, DE

Maxim D.(Founder)inMario Kohle(Founder)inClimate Tech Energy Mario Kohle(Founder)Jochen Ziervogel(Founder)inViktor Wingert(Founder)in

Co-investorsACTIVATE CAPITAL PARTNERSB CapitalCaesar VenturesExtantia CapitalHeliad AGHoltzbrinck Ventures+6 more

Fictivfictiv.comin𝕏May 2022 · $100M

Fictiv provides a cloud-based platform for managing custom manufacturing parts, projects, and team collaboration, serving engineering and manufacturing teams.

Advanced ManufacturingEnterprise SoftwareHardwareLogistics & Supply ChainSaaSOakland, US

Nate Evans(Founder)inDave Evans(Founder)inNathan Evans(Founder)

Co-investors3Spoke CapitalAccelACTIVATE CAPITAL PARTNERSAdit Ventures Management, LlcCross Creek AdvisorsFJ Labs+8 more

Flexeflexe.comin𝕏Jul 2022

Flexe provides platform-based warehousing network management, handling implementation, onboarding, and operations across multiple locations for customers seeking to scale their logistics infrastructure.

B2B MarketplacesLogistics & Supply ChainSaaSSeattle, US

Karl Siebrecht(Founder)inEdmond Yue(Founder)inFrancis Duong(Founder)inCurt Anderson(CFO & COO)in

BoardMike Galgon(Director)

Co-investors137 VenturesAcequia Capital (AceCap)ACTIVATE CAPITAL PARTNERSAlumni VenturesBlue Ivy VenturesCollective Liquidity+10 more

Generate Capitalgeneratecapital.com

Generate Capital is a sustainable infrastructure investment and operating platform that provides capital and expertise for developers, businesses, and communities to invest in and operate sustainable assets across power, mobility, waste, green digital, water, agriculture, and industrial decarbonization sectors.

CleantechClimate TechEnergyImpact & Social GoodSan Francisco, US

Scott Jacobs(Executive Officer, Director)Jigar Shah(Executive Officer, Director)Matan Friedman(Executive Officer, Director)Marcus Frampton(Director)Jeff Colin(Director)Josh Green(Director)

Co-investorsACTIVATE CAPITAL PARTNERSBlue Haven InitiativeBroadscaleCeniarthThirdstream PartnersCalifornia State Teachers' Retirement System

Jetson Homejetsonhome.cominJan 2026 · $50M

Jetson helps North American homeowners replace fossil-fuel heating and cooling systems with electric heat pumps, handling the installation process directly rather than through traditional contractors.

CleantechClimate TechConsumerEnergyHardwareIoTNorth Vancouver, CA

Aaron Grant(Founder)inMatthew Bailey(Founder)inStephen Lake(Founder)in

Co-investorsACTIVATE CAPITAL PARTNERSAfore CapitalCarbon8VCActive Impact InvestmentsEclipse+2 more

Kin Insurancekin.comin𝕏Jan 2024

Kin is a home insurance provider that offers both self-service and agent-assisted policy purchase and management for homeowners.

ConsumerFintechInsurTechChicago, US

Sean Harper(Founder)inLucas Ward(Founder)inSebastian Villarreal(Founder)inBret Bret HarperinJason Heidkampin

BoardEric Carlborg(Director)in

Co-investors500 GlobalACTIVATE CAPITAL PARTNERSAlpha EdisonAugust CapitalAvanta VenturesBetter Tomorrow Ventures+26 more

Lightpoweredbylight.cominSep 2026 · $46M

Light is an API-first platform that lets companies offer their own branded, embedded electricity plans and virtual power plants without handling regulatory or operational complexity, acting as the regulated electricity provider and managing billing, support, and collections.

CleantechClimate TechEnergySaaSAustin, US

Baker Shogry(Co-founder)inAdam Compain(Co-founder)in

Co-investorsGigascale CapitalMatrixMischiefBoxGroupSpark Capital

Lunar Energylunarenergy.comin

Lunar Energy develops home energy technology that converts and stores solar power to provide continuous clean electricity for residential customers.

CleantechClimate TechEnergyHardwareMountain View, US

Mark Holveck(Founder)inKunal Girotra(Founder)in

Co-investorsACTIVATE CAPITAL PARTNERSAlumni VenturesB Capital GroupB4 CapitalDCVC (Data Collective)Energetik Ventures+7 more

Muon Spacemuonspace.comin𝕏May 2022

Muon Space designs, builds, and operates satellite constellations using its proprietary Halo technology stack, which integrates spacecraft platforms, payload integration, and software-defined orchestration to deliver data and enable real-time computation in space.

Deep TechHardwareSpace TechSilicon Valley, US

Jonny Dyer(Founder)inDaniel McCleese(Executive Officer, Director)Pascal Stang(Founder)inReuben Rohrschneider(Founder)inPaul Day(Founder)inDan McCleese(Founder)

Co-investorsACME CapitalACTIVATE CAPITAL PARTNERSAir Street CapitalCarbonClimacticCongruent Ventures+12 more

Nozomi Networksnozominetworks.comin𝕏

Nozomi Networks provides continuous monitoring and AI-powered analysis for OT, IT, and IoT network security, delivering asset visibility, cyber risk detection, and response services.

AI & Machine LearningCybersecurityIoTMenlo Park, US

Andrea Carcano(Founder)inMoreno Carullo(Founder)inEdgard Capdevielle(Executive Officer, Director)in

BoardGiovanni Canetta(Director)Glenn Solomon(Director)inBilal Zuberi(Director)in

Co-investorsACTIVATE CAPITAL PARTNERSCDP Venture CapitalCota CapitalEnergize CapitalIn-Q-TelNotable Capital+9 more

Omnidianomnidian.comin𝕏Apr 2025 · $87M

Omnidian provides post-installation care and performance protection for solar and clean energy investments, focusing on the service experience after systems are installed.

AI & Machine LearningCleantechClimate TechEnergySaaSSeattle, US

Mark Liffmann(Founder & CEO)inMark Liffman(Executive Officer, Director)Caroline Bec Cox(Executive Officer)in

BoardRick Viton(Director)inTom Groos(Director)inAbe Yokell(Director)in

Co-investorsACTIVATE CAPITAL PARTNERSAlumni VenturesB Capital GroupB4 CapitalBlue Bear Capital PartnersBridges Fund Management Ltd.+13 more

Optimal Dynamicsoptimaldynamics.comin𝕏Apr 2026

Optimal Dynamics develops a Transportation Decision System that uses advanced analytics and AI to optimize operations and automate decision-making for enterprise trucking companies and carriers.

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainPrinceton, US

Daniel Powell(Founder)inWarren Powell(Founder)inTony Adams(Executive Officer)inChris Torrence(Executive Officer)inSam Woodward(Executive Officer)

BoardMichael Droesch(Director)in

Co-investorsACTIVATE CAPITAL PARTNERSBessemer Venture PartnersEmbark VenturesFitz Gate VenturesFraser McCombs CapitalFusion+5 more

Passportpassportglobal.comin𝕏Acquired

Passport provides cross-border and in-country logistics, compliance, and localization services for DTC and ecommerce brands expanding internationally.

E-commerceLogistics & Supply ChainSaaS

Alex Yancher(Founder)inTony Chen(CTO)inAaron Schwartz(Founder)

Co-investorsArba LLCBlack Jays VenturesChaifetz GroupFJ LabsFlucas VenturesFour Acres Capital+22 more

Ridecellridecell.comin

Ridecell provides an AI-powered asset intelligence and orchestration platform for automotive leasing and finance companies.

AI & Machine LearningEnterprise SoftwareMobility & TransportationSaaSSan Francisco, US

Aarjav Trivedi(Founder)in

Co-investorsACTIVATE CAPITAL PARTNERSAlly VenturesBeyond1435 GmbHBMW i VenturesConvergeDeutsche Bahn Digital Ventures+24 more

Sarvam AIsarvam.aiin𝕏Aug 2026 · $75M

Sarvam AI develops a full-stack AI platform designed for India, providing foundational AI models and tools accessible to enterprises, governments, developers, and startups.

AI & Machine LearningCloud ComputingDeep TechDeveloper ToolsEnterprise SoftwareSaaSBengaluru, IN

Dr. Vivek Raghavan(Founder)Dr. Pratyush Kumar(Founder)Pratyush Kumar(Founder)Vivek Raghavan(Founder)

Co-investorsKhosla VenturesLightspeed Venture PartnersNewRadioVenturePeak XV PartnersAccelBessemer Venture Partners+2 more

Seitecseitec.com.au

Seitec builds Nightingale, a passive seismic and acoustic sensor network with on-device Edge-AI that detects, tracks, and classifies targets such as people, vehicles, aircraft, and ordnance without requiring line of sight.

AI & Machine LearningDefense TechHardware

Co-investorsBeaten Zone Venture PartnersDefence Trailblazer

Starfish Spacestarfishspace.comin𝕏Apr 2026 · $100M

Starfish Space develops Otter, an autonomous satellite servicing vehicle that uses electric propulsion to dock with satellites for life extension and disposal.

Deep TechHardwareSpace TechTukwila, US

Trevor Bennett(Founder)inAustin Link(Founder)in

BoardMorgan Beller(Director)inPeter Ortez(Director)Letitia Long(Director)

Co-investorsACTIVATE CAPITAL PARTNERSAlumni VenturesBooz Allen VenturesCarbonDenver VenturesHypothesis+23 more

Sympowersympower.netinSep 2025

Sympower operates a platform providing demand response and energy flexibility services that help balance national electricity grids across European markets.

AI & Machine LearningCleantechClimate TechEnergyEnterprise Software

Simon Bushell(Founder)inGeorg Rute(Founder)

Co-investorsACTIVATE CAPITAL PARTNERSExpon CapitalKickstart InnovationRockstartStartGreen CapitalKoolen and Partners+1 more

Tomorrowtomorrowfoods.com.arin𝕏Jun 2023 · $87M

Tomorrow Foods develops plant-based protein ingredients and turnkey vegetable protein systems for food companies, enabling them to launch plant-based products.

FoodTechNew Materials

Agustín Belloso(CoFounder & CEO)inGuillermo D. Lentini(CoFounder & COO)inCesar A. Belloso(CoFounder)

Co-investorsGRIDXBlue Horizon CorporationJetBlue VenturesPitangoSeraphim Space

Tomorrowtomorrow.xyzin𝕏Jun 2023 · $87M

Tomorrow offers a self-custodial MPC crypto wallet with built-in succession planning, letting users designate beneficiaries and set a "dead man's switch" that automatically transfers digital assets to heirs after a period of inactivity.

Crypto & Web3Fintech

Co-investorsDraper AssociatesJetBlue VenturesPitangoSeraphim Space

Tomorrow Iotomorrow.ioin𝕏Jun 2023 · $87M

Tomorrow.io develops an AI-powered weather intelligence platform that combines satellite technology and proprietary data to help organizations forecast weather impacts and build resilience.

AI & Machine LearningClimate TechData & InfrastructureEnterprise SoftwareSaaSNew York, US

Shimon Elkabetz(Founder)inRei Goffer(Founder)inItai Zlotnik(Founder)in

Co-investorsSquare Peg CapitalACTIVATE CAPITAL PARTNERSCanaan PartnersClearvision VenturesEvergy VenturesFlying Tiger Capital+12 more

Voltavoltacharging.comJul 2018 · $35M

Volta Charging operates a network of EV chargers located at retail and commercial destinations across the United States, accessible through the JOLT mobile app.

CleantechEnergyMobility & TransportationSan Francisco, US

David Elisofon(Executive Officer)Christopher WendelMichael MenendezScott Mercer

BoardPeter Secor(Director)

Co-investors500 GlobalACTIVATE CAPITAL PARTNERSAutotech VenturesBlue StartupsBrighter CapitalCelesta Capital+9 more

Voltavolta-xr.comin𝕏Jul 2018 · $35M

Volta XR creates interactive digital experiences for live events, retail spaces, and digital campaigns that audiences control via their smartphones using audio-reactive visuals and customizable interfaces.

AdTechConsumerGamingLondon, GB

Co-investors7percent VenturesBoost Capital PartnersSupernode GlobalTechstarsACTIVATE CAPITAL PARTNERSAutotech Ventures+4 more

Voltavoltaeffect.cominJul 2018 · $35M

Volta is an AI-focused community hub and accelerator based in Halifax that supports founders and builders across Atlantic Canada through networking events, mentorship, and residency programs.

AI & Machine LearningEdTechEnterprise SoftwareFuture of WorkHalifax, CA

Co-investorsScale AIAutotech VenturesGE VenturesIdinvest PartnersNautilus Venture PartnersNVIDIA+1 more

Voltavolta.cominJul 2018 · $35M

Volta provides AI infrastructure services designed to make computational resources as reliable and accessible as electricity for organizations.

AI & Machine LearningCloud ComputingData & InfrastructureDeep Tech

Ricard Boada(Co-founder)inSofia Gumuzio(Co-founder)in

Co-investorsAndreessen HorowitzAutotech VenturesGE VenturesIdinvest PartnersNautilus Venture PartnersNVIDIA+1 more

Volta Softwarevoltasoftware.comin

Volta connects to a company's email inbox and ERP (SAP, Sage, Cegid, NetSuite) to automatically capture, structure, and process incoming quotes and orders arriving via email, PDF, or Excel, verifying prices, stock, and dates before an employee validates in one click.

AI & Machine LearningEnterprise SoftwareSaaS

Mario Parteli(Founder)Paul Guillemin(Founder)

Co-investorsEmblemRobin CapitalRTP GlobalHAVEN VENTURESTechstars

WeaveGridweavegrid.comin𝕏

WeaveGrid provides software and grid management solutions that help utilities integrate electric vehicle charging and distributed energy resources without expanding infrastructure.

Climate TechEnergyIoTSaaSSan Francisco, US

Apoorv Bhargava(CEO and Cofounder)inJohn Taggart(President and Cofounder)in

Co-investorsACTIVATE CAPITAL PARTNERSBreakthrough Energy VenturesClimacticCoatue ManagementCollaborative FundCongruent Ventures+5 more

Other

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

GaingelsHomeeInfravisionParsableStemSwimlaneVoltus

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has ACTivate Capital made?
ACTivate Capital has 41 tracked investments, 1 of which have exited, including 8 dated in the last 24 months.
What stage does ACTivate Capital invest at?
ACTivate Capital invests at the Pre-Seed, Seed, Series A stages.
What sectors does ACTivate Capital focus on?
ACTivate Capital focuses on Cleantech, Deep Tech, Defense Tech, Sector Agnostic.
Where is ACTivate Capital located?
ACTivate Capital is headquartered in Canberra, AU.

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