Fundraising Fox
ACTIVATE CAPITAL PARTNERS
Venture capitalActively deployingSan Francisco · Series B–Late Stage · 23 people tracked
Also known as Activate Capital · ACTIVATE CAPITAL MANAGEMENT, LP
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Investment thesis
Series B–pre‑IPO investor with $10–30M checks into power, industrial production, mobility and climate adaptation; operator-heavy ex-founder/CEO team from energy and infrastructure delivers decarbonization, resilience, weather intelligence and climate-resilient insurance.
Source: firm website, verified Sep 29, 2026.
Team · 23 people
from the firm's website & curated & public directories
What they invest in
from 33 of 33 portfolio companiesEnergy ×13SaaS ×13AI & Machine Learning ×12Cleantech ×12Climate Tech ×12Enterprise Software ×10Hardware ×6Logistics & Supply Chain ×6
HQs:United States×26Canada×1Germany×1United Kingdom×1Latvia×1Netherlands×1
Who they back
founder profiles across 25 portfolio companiesFounding team size:solo founder×42 founders×113 founders×84+ founders×2
Where their founders studiedfrom 44 founders with education data
Stanford University ×8Massachusetts Institute of Technology ×4University of Waterloo ×4WHU – Otto Beisheim School of Management ×4Princeton University ×3Cornell ×2ETH Zürich ×2Latvijas Universitate ×2
What their founders studiedfrom 42 founders with field-of-study data
Engineering ×18Computer Science ×8Economics ×8Business & Management ×6Physics ×4Politics & Policy ×3Finance & Accounting ×2Mathematics & Statistics ×2
Where their founders worked beforefrom 46 founders with career history
Google ×5Blue Origin ×3Lyft ×3Microsoft ×3Tesla ×3Civiceye ×2General Dynamics ×2Jacobs ×2
Accelerator rootsportfolio companies that came through a program
7 founders hold a PhD · 9 hold an MBA (of 45 with degree data)
Investments · 33 tracked
founders shown can be your intro pathBy year:2026 · 12022 · 32021 · 22019 · 12018 · 12017 · 19 dated
Stem provides an integrated software suite, PowerTrack, for monitoring, developing, deploying, and operating solar and energy storage assets, serving asset owners, operators, and stakeholders in the clean energy sector.
CleantechEnergySaaS
Arun Narayanan(Chief Executive Officer)inBrian Musfeldt(Chief Financial Officer)inSaul R. Laureles(Chief Legal Officer and Corporate Secretary)inMichael Carlson(President, Managed Services & OEM Hardware)inMatt Tappin(President, Software Products)in
Co-investorsConstellation Technology VenturesPUSH VenturesWIND VenturesAngeleno GroupGE VenturesMithril Capital Management
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)
Board seatRaj Atluru· per SEC Form D
Co-investors137 VenturesAcequia Capital (AceCap)Alumni VenturesBlue Ivy VenturesCollective LiquidityMadrona Venture Group+10 more
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)
Board seatRaj Atluru· per SEC Form D
Co-investorsBlue Haven InitiativeBroadscaleCeniarthThirdstream PartnersACTivate CapitalCalifornia State Teachers' Retirement System
HOMEE builds software solutions for managing property repair and maintenance experiences.
InsurTechMarketplacesPropTechSaaSTampa, US
ANTHONY HAYDEN(Executive Officer)KURT FRAHN(Executive Officer)inDOUGLAS SCHAEDLER(Executive Officer, Director)DAVID THEUS(Executive Officer, Director)GEORGE LAURO(Director)JAMIE RAND(Director)
Board seatJon GuersterMichael Derosa· per SEC Form D
Co-investorsFlorida FundersACTivate CapitalDeepWork CapitalFerguson Ventures
Voltus provides demand response services that let commercial and industrial energy users earn revenue by adjusting electricity usage across grid markets such as CAISO, ERCOT, PJM, MISO, and IESO.
CleantechClimate TechEnergySaaSSan Francisco, US
Matthew J. Plante(Executive Officer, Director)inGregg Dixon(Executive Officer, Director)in
BoardPhilip Deutch(Director)Tim Woodward(Director)inVeery Maxwell(Director)in
Board seatRaj Atluru· per SEC Form D
Co-investorsPrelude VenturesACTivate CapitalElement Partners
Aerones provides robotic inspection, cleaning, coating, and repair services for wind turbine blades.
Advanced ManufacturingCleantechClimate TechDeep TechEnergyRoboticsRiga, LV
Dainis Kruze(CEO)inJanis Putrams(CTO)in
BoardBala Nagarajan(Director)Paul Neal Jordan(Director)Andris Berzins(Director)inPHILIPP GOEHRE(Director)
Co-investorsAhren Innovation CapitalCarbonChange VenturesEvergy VenturesFranz Haniel & Cie. GmbHFuture Positive Capital+18 more
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
Co-investorsDrive CapitalEMERGENT VENTURESFelicis VenturesFocal VenturesForesite CapitalGeneral Catalyst+23 more
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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 StationsAlleyCorpAmadeus Capital PartnersCollective LiquidityFloating PointFriends Family Capital+16 more
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 VenturesAdvaita CapitalAir Street CapitalAkkaAlkeon InnovationAvenir Growth Capital+73 more
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-investorsB CapitalCaesar VenturesExtantia CapitalHeliad AGHoltzbrinck VenturesHV Capital+7 more
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 CapitalAccelAdit Ventures Management, LlcCross Creek AdvisorsFJ LabsG2 Venture Partners+8 more
Infravision builds power grid infrastructure using aerial robotics, including drones for power line stringing and automated grid construction.
CleantechConstruction TechEnergyHardwareRoboticsBuda, US
Christopher C.(Founder)inCameron Van Der Berg(Founder)inFrank Tybor(Chief Technology Officer)inMatt Jones(Chief Commercial Officer)inBrian Leveille(Chief Financial Officer)inPaul Crawford(Chief Business Officer)in
Co-investorsGICCarbonEnergy Impact PartnersImpact Ventures Management Pty LtdACTivate CapitalHitachi Ventures
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-investorsAfore CapitalCarbon8VCACTivate CapitalActive Impact InvestmentsEclipse+2 more
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 GlobalAlpha EdisonAugust CapitalAvanta VenturesBetter Tomorrow VenturesChicago Ventures+26 more
KlearNow.AI provides customs clearance software, compliance control towers, and licensed customs broker services for importers, self-filers, and customs brokers managing global trade operations.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSilicon Valley, US
Sam Tyagi(Founder)inSandeep Vij(Director)Ulf Sandberg(Executive Officer, Director)S. Atiq Raza(Director)Sanjeev Tyagi(Executive Officer, Director)Nishita Cummings(Director)
Co-investorsGreatPoint VenturesMonta Vista Capital
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-investorsAlumni VenturesB Capital GroupB4 CapitalDCVC (Data Collective)Energetik VenturesLeitmotif+7 more
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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 CapitalAir Street CapitalCarbonClimacticCongruent VenturesEarthrise Ventures+12 more
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-investorsCDP Venture CapitalCota CapitalEnergize CapitalIn-Q-TelNotable CapitalPlanven Entrepreneur Ventures+9 more
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-investorsAlumni VenturesB Capital GroupB4 CapitalBlue Bear Capital PartnersBridges Fund Management Ltd.City Light+13 more
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-investorsBessemer Venture PartnersEmbark VenturesFitz Gate VenturesFraser McCombs CapitalFusionKoch Disruptive Technologies+5 more
Parsable provides digital tools that let manufacturing companies digitize maintenance and operating procedures for technicians and operators, aiming to improve overall equipment effectiveness (OEE) and reduce maintenance errors.
Advanced ManufacturingEnterprise SoftwareIoTSaaS
Chase Feiger(Cofounder)inMatt Belkin(Chief Executive Officer, President)inLuke Stagoll(Chief Technology Officer)in
Co-investorsAlumni VenturesB CapitalCisco InvestmentsGV (Google Ventures)Lightspeed Venture PartnersACTivate Capital+2 more
Passport provides a cloud-based parking management platform that unifies enforcement operations, mobile pay parking, permitting, and payment infrastructure for cities and private parking operators across North America.
Cloud ComputingGovTechMobility & TransportationPropTechSaaS
Bob Youakim(Founder)inKhristian Gutierrez(Founder & CEO)in
Co-investorsBain Capital VenturesCharlotte FundDelta-v CapitalGrotech VenturesH.I.G. CapitalH.I.G. Growth Partners+8 more
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(CEO)inArunJit Ray Chowdhury(Principal Engineer - Autonomous Driving)inSrinivas Reddy Aellala(Principal Product , Autonomous Driving)inViswanathan Mahalingam(Engineering Manager)Jacqueline Haydon(Chief of Staff)
Co-investorsAlly VenturesBeyond1435 GmbHBMW i VenturesConvergeDeutsche Bahn Digital VenturesInitialized Capital+24 more
Scoop converts scientific and manufacturing data into dynamic regulatory documents for drug submissions, using AI to continuously reconcile updates and maintain consistency across filings for pharmaceutical companies and regulatory teams.
AI & Machine LearningBiotechEnterprise SoftwareMedical DevicesSan Francisco, US
Vincent Park(CEO)inJay Kwon(CTO)in
Co-investorsNGP CapitalY CombinatorEast VenturesIndex Ventures
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-investorsAlumni VenturesBooz Allen VenturesCarbonDenver VenturesHypothesisIn-Q-Tel+25 more
StreetLight provides big data analytics for transportation planning and infrastructure investment decisions.
Climate TechData & InfrastructureGovTechLogistics & Supply ChainMobility & TransportationSan Francisco, US
Paul Friedman(Founder, Chief Technology Officer)inLaura Schewel(Executive Officer, Director, Promoter)in
BoardBill Perry(Director)Scott Pinizzotto(Director)Marc Singer(Director)inDarlene Mann(Director)
Co-investorsOUP (Osage University Partners)
Swimlane provides an agentic AI security automation platform that lets SOC analysts create, modify, and run playbooks and deploy AI agents for automated investigations and responses.
AI & Machine LearningCybersecuritySaaSDenver, US
Cody Cornell(Executive Officer, Director)inBrian Kafenbaum(Founder)
BoardDavid Lincoln(Director)inShawn Cherian(Director)inSameer Reddy(Director)inTushar Kothari(Director)
Co-investorsEnergy Impact Partners3Lines Venture CapitalKluz VenturesRockies Venture Club
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-investorsExpon CapitalKickstart InnovationRockstartStartGreen CapitalACTivate CapitalKoolen and Partners+1 more
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 CapitalCanaan PartnersClearvision VenturesEvergy VenturesFlying Tiger CapitalFontinalis Partners+12 more
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 GlobalAutotech VenturesBlue StartupsBrighter CapitalCelesta CapitalEnergize Capital+8 more
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 CapitalAutotech Ventures+3 more
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-investorsBreakthrough Energy VenturesClimacticCoatue ManagementCollaborative FundCongruent VenturesHead & Heart Capital+5 more
XNRGY builds advanced HVAC and thermal management systems, including cooling solutions for hyperscale AI data centers and healthcare facilities.
Advanced ManufacturingCleantechClimate Tech
Co-investorsCarbonClimate InvestmentMKB
Exits · 1
1 IPOsSTEMNYSE: STEM
Portfolio news
latest coverage across their companies
Crusoe · techcrunch.com · Sep 17, 2026
Muon Space · venture5.com · Aug 23, 2026
Tomorrow Io · intelligence360.news · Jun 24, 2026
Starfish Space · finsmes.com · Apr 8, 2026
Jetson Home · jetsonhome.com · Jan 20, 2026
Scoop · ycombinator.com · Nov 10, 2025
Fund performance · per public LP disclosures
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Activate Capital Partners II, LPLPs: Texas Municipal Retirement System, John D. and Catherine T. MacArthur Foundation | 2021 | — | 6.8% | 1.25x | 0.13x |
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 ACTIVATE CAPITAL PARTNERS made?
- ACTIVATE CAPITAL PARTNERS has 33 tracked investments, 1 of which have exited, including 1 dated in the last 24 months.
- What stage does ACTIVATE CAPITAL PARTNERS invest at?
- ACTIVATE CAPITAL PARTNERS invests at the Series B, Series C, Growth, Late Stage stages.
- What is ACTIVATE CAPITAL PARTNERS's typical check size?
- ACTIVATE CAPITAL PARTNERS typically writes checks of $10M – $30M.
- What sectors does ACTIVATE CAPITAL PARTNERS focus on?
- ACTIVATE CAPITAL PARTNERS focuses on Advanced Manufacturing, Climate Tech, Data & Infrastructure, Deep Tech, Energy, Enterprise Software, Hardware, Mobility & Transportation, New Materials, SaaS.
- Where is ACTIVATE CAPITAL PARTNERS located?
- ACTIVATE CAPITAL PARTNERS is headquartered in San Francisco, US.
- Does ACTIVATE CAPITAL PARTNERS lead rounds?
- ACTIVATE CAPITAL PARTNERS typically participates in rounds rather than leading them.
- Who does ACTIVATE CAPITAL PARTNERS co-invest with?
- ACTIVATE CAPITAL PARTNERS most often shares deals with Alumni Ventures, Carbon, The Westly Group, among 197 tracked co-investors.
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