Fundraising Fox

ACTivate Capital

Venture capital

Canberra · Pre-Seed–Series A · 22 people tracked

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Investment thesis

ACTivate Capital focuses on investing in the Canberra region, backing local founders and commercialising ideas from Australia's leading research institutions including ANU, CSIRO, University of Canberra and UNSW. Backed by the ACT Government as an initial limited partner, the fund aims to keep regional skills, ideas and economic potential local while achieving global impact. It takes a founder-focussed approach, providing mentorship and guidance throughout the investment journey alongside capital, and works with local research providers and government agencies to maintain first sight of the best emerging ideas.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
HQ
Canberra, ACT, AU
Instruments
Equity

Team · 22 people

from the firm's website
Ken· General Partner

An entrepreneur with 25 years of experience building businesses across computer vision, mining, automotive and simulation technologies, focused on innovation, global partnerships and scaling companies.

Michael· General Partner, Board Chair and Investment Committee Member

A mechanical engineer and innovation leader, former Pro Vice-Chancellor of Innovation at ANU and former Chair of ANU Connect Ventures, with extensive experience in deep-tech commercialisation and board roles.

Michael Cardew-Hall· General Partner, Board Chair and Investment Committee Member

A mechanical engineer and innovation leader, Michael is a former Pro Vice-Chancellor of Innovation at ANU and former Chair of ANU Connect Ventures with deep expertise in technology transfer and deep-tech spinouts. He previously worked at GEC and Rolls-Royce Aero Engines.

Victor· General Partner

An investment and industry leader across defence, space and clean energy who specialises in strategy, stakeholder engagement and research translation, and has raised significant funding.

Victor Pantano· General Partner

Victor has led high-performing teams and large-scale industry initiatives across defence, space and clean energy, specialising in strategy, stakeholder engagement and research translation. He is a Eureka Prize and CRC Star Award winner.

Ken Kroeger· Fund Manager

Ken has 25 years of experience building businesses across computer vision, mining, automotive and simulation technologies, with expertise in innovation, global partnerships and scaling companies.

Anne-Marie· Director

A board director, advisor and early-stage investor focused on innovation-led companies, with expertise in R&D funding, governance and commercialisation across biotech, defence, ICT and renewable energy.

Anne-Marie Perret· Director

Anne-Marie is a board director, advisor and early-stage investor with expertise in R&D funding, governance and commercialisation across biotech, defence, ICT and renewable energy. She is a qualified lawyer and former President of the ACT Division of the AICD.

Brian· Director

A Nobel Prize-winning astrophysicist and former Vice-Chancellor of ANU who contributes to national science policy.

Brian Schmidt· Director

Brian is a Nobel Prize-winning astrophysicist and former Vice-Chancellor of ANU, recognised for the discovery of the accelerating expansion of the Universe, and contributes to national science policy.

Ian· Director

A public policy and innovation strategist who shaped the ACT's innovation landscape and held senior roles across government, industry and academia.

Ian Cox· Director

Ian is a public policy and innovation strategist who led ACT business and innovation policy from 2007 to 2019, delivering initiatives such as the CBR Innovation Network, and later held a strategic advisory role at the University of Canberra.

James· Chief Financial Officer and Director

A finance and governance expert, former CFO of Seeing Machines and archTIS and former EY partner, who provides contract CFO and advisory services to growing tech companies.

James Palmer· Chief Financial Officer and Director

James is a finance and governance expert and contract CFO who previously served as CFO at Seeing Machines and archTIS, and was an EY partner and Managing Partner of its Canberra assurance practice.

Jenny· Finance Manager

A finance professional experienced in managing complex financial operations, strategic financial management, internal controls and regulatory compliance.

Jenny Paven· Finance Manager

Jenny is a finance professional experienced in managing complex financial operations, strategic financial management, internal controls and regulatory compliance.

Kerrie· Chief Operating Officer

A commercialisation expert with a background in organic chemistry, with roles at ANU, the Cybersecurity CRC and Nomad Atomics bringing deep-tech and quantum technologies to market.

Kerrie Jackson· Chief Operating Officer

Kerrie is a commercialisation expert with a background in organic chemistry who has held roles at ANU and the Cybersecurity Cooperative Research Centre, and led business development at Nomad Atomics on quantum sensing technologies.

Murray· Investment Committee Chair

A serial entrepreneur and innovation leader, former National Innovation Adviser to the Australian Government and active angel investor who has backed over 20 Australian startups.

Murray Rankin· Investment Committee Chair

Murray is an entrepreneur and innovation leader with over three decades of experience, a former National Innovation Adviser to the Australian Government, and an active angel investor who has backed more than 20 Australian startups.

Simon· Investment Committee Member

A venture investor with over 25 years of experience across software, hardware, agritech, climate and life sciences, with roles at Nanyang Ventures, ANU Connect Ventures and Tenacious Ventures.

Simon Uzcilas· Investment Committee Member

Simon has over 25 years of venture experience investing across software, hardware, agritech, climate, industrial products and life sciences, with roles at St.George Bank, Nanyang Ventures, ANU Connect Ventures and Tenacious Ventures.

Frequently asked questions

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.
Where is ACTivate Capital located?
ACTivate Capital is headquartered in Canberra, AU.

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