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Activate Capital Partners

North America, California, United States, San Francisco

Description

Activate Capital Partners is a San Francisco-based growth equity firm dedicated to investing in companies that are fundamentally transforming the industrial economy. With a strong emphasis on sustainability and resource efficiency, the firm targets high-growth businesses developing innovative technologies across sectors such as advanced manufacturing, energy transition, supply chain optimization, and smart infrastructure. Activate Capital positions itself as a strategic partner, leveraging its deep industry expertise and extensive network to support portfolio companies in scaling their operations and achieving market leadership.

The firm's investment strategy centers on providing growth equity to established companies that have demonstrated proven technologies and business models. Rather than early-stage ventures, Activate seeks out businesses ready for significant commercial expansion, offering not just capital but also operational guidance and access to a robust ecosystem of industrial partners. This hands-on approach aims to accelerate the adoption of sustainable industrial solutions, driving both financial returns and positive environmental impact. Their focus is on enabling the transition to a more efficient and sustainable industrial future.

Activate Capital Partners manages substantial capital, having successfully closed multiple funds. Their latest fund, Activate Capital Fund III, closed in 2022 with $275 million in commitments, bringing their total capital raised across all funds to approximately $550 million. The firm typically deploys initial investments ranging from $10 million to $40 million into growth-stage companies. This significant check size allows them to be a lead investor and provide the necessary capital for their portfolio companies to execute ambitious growth plans, including market expansion, product development, and strategic acquisitions.

Investor Profile

Activate Capital Partners has backed more than 38 startups, with 9 new investments in the last 12 months alone. The firm has led 21 rounds, about 55% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series D rounds (top funding stages).
  • Majority of deals are located in United States, The Netherlands, Germany.
  • Strong thematic focus on Software, Information Technology, Logistics.
  • Led 3 rounds in the past year.
  • Typical check size: $10M – $40M.

Stage Focus

  • Series B (39%)
  • Series C (24%)
  • Series D (13%)
  • Series E (8%)
  • Series Unknown (8%)
  • Seed (3%)
  • Series A (3%)
  • Private Equity (3%)

Country Focus

  • United States (89%)
  • The Netherlands (8%)
  • Germany (3%)

Industry Focus

  • Software
  • Information Technology
  • Logistics
  • Supply Chain Management
  • Energy
  • Renewable Energy
  • Transportation
  • Internet Of Things
  • Automotive
  • Information Services
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Activate Capital Partners frequently co-invest with?

National Grid Partners (NGP)
North America, California, United States, Los Gatos
Co-Investments: 3
Congruent Ventures
North America, California, United States, San Francisco
Co-Investments: 4
WIND Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Blue Bear Capital
North America, California, United States, Los Angeles
Co-Investments: 3
Salesforce Ventures
North America, California, United States, San Francisco
Co-Investments: 3
G2 Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 3
Prologis Ventures
North America, California, United States, San Francisco
Co-Investments: 4
The Westly Group
North America, California, United States, Menlo Park
Co-Investments: 5
Madrona
North America, Washington, United States, Seattle
Co-Investments: 3
Redpoint
North America, California, United States, Menlo Park
Co-Investments: 3

Which angels does Activate Capital Partners often collaborate with?

JW
North America, California, United States, San Francisco
Shared Deals: 1
BG
North America, Washington, United States, Seattle
Shared Deals: 1
YL
North America, Colorado, United States, Boulder
Shared Deals: 1
SP
North America, New York, United States, New York
Shared Deals: 1
GT
North America, California, United States, San Francisco
Shared Deals: 1
RN
North America, Washington, United States, Seattle
Shared Deals: 1
David Marcus
North America, California, United States, San Francisco
Shared Deals: 1
NR
North America, California, United States
Shared Deals: 1
GM
North America, California, United States, San Francisco
Shared Deals: 1
AC
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Activate Capital Partners?

Xnrgy Climate Systems

Saint-hubert, Quebec, Canada

Xnrgy Climate Systems designs and manufactures HVAC systems.

EnergyEnvironmental ConsultingHeating, Ventilation, and Air Conditioning (HVAC)Manufacturing
Series UnknownJul 21, 2025
Muon Space

Mountain View, California, United States

Muon Space is a space systems company that designs, builds, and operates LEO satellite constellations for earth intelligence missions.

AerospaceInformation ServicesInformation Technology
Series BJun 12, 2025
Amount Raised: $44,500,000
Swimlane

Louisville, Colorado, United States

Swimlane is a developer of a security orchestration and response platform used to deliver security automation to organizations.

ComputerCyber SecurityNetwork SecuritySecuritySoftware
Private EquityJun 10, 2025
Amount Raised: $45,000,000
Aerones

San Jose, California, United States

Aerones is an innovative company that develops robotic technology for wind turbine blade maintenance services.

Drone ManagementDronesManufacturingRobotics
Series BJun 2, 2025
Amount Raised: $62,000,000
Optimal Dynamics

New York, New York, United States

Optimal Dynamics is a SaaS company that uses artificial intelligence and machine learning to disrupt the logistics industry.

Artificial Intelligence (AI)LogisticsMachine LearningSaaSSoftwareSupply Chain ManagementTransportation
Series CMay 12, 2025
Amount Raised: $40,000,000
Omnidian

Seattle, Washington, United States

Omnidian is a provider of comprehensive protection plans for investments in residential and commercial solar energy systems.

EnergyInternet of ThingsResidentialSolar
Series CApr 21, 2025
Amount Raised: $87,000,000
WeaveGrid

San Francisco, California, United States

WeaveGrid develops electrification software for the scalable deployment of electric vehicles on the electric grid.

AutomotiveElectric VehicleMachine LearningRenewable EnergySoftwareTransportation
Series UnknownDec 10, 2024
Amount Raised: $28,000,000
Sympower

Amsterdam, Noord-Holland, The Netherlands

Sympower unlocks revenue streams by maximising the value of flexibility across energy markets and industries.

Electrical DistributionEnergyEnergy ManagementRenewable EnergySmart CitiesSoftware
Series BNov 13, 2024
Amount Raised: $22,505,365
Muon Space

Mountain View, California, United States

Muon Space designs, builds, and operates orbit satellite constellations to deliver mission-critical data.

AerospaceInformation ServicesInformation Technology
Series BAug 5, 2024
Amount Raised: $56,703,744
Altana

New York, New York, United States

Altana empowers governments, logistics providers, and enterprises with an intelligent, dynamic map of the global supply chain.

Data IntegrationLogisticsSoftwareSupply Chain Management
Series CJul 29, 2024
Amount Raised: $200,000,000