Active Capital

Active Capital is a San Antonio-based venture capital firm specializing in leading seed-stage investments for B2B SaaS companies. Founded with a strong emphasis on operational support, the firm targets early-stage startups that have achieved initial product-market fit and are demonstrating early revenue traction, typically in the range of $10,000 to $100,000 in monthly recurring revenue (MRR). Their investment thesis centers on identifying high-growth potential businesses that can benefit from their hands-on approach and extensive network within the SaaS ecosystem.

Active Capital is known for its "active" partnership model, providing strategic guidance, talent acquisition support, and access to follow-on funding opportunities. The firm typically leads seed rounds, with initial check sizes generally ranging from $500,000 to $1.5 million. This initial investment is often followed by additional capital in subsequent rounds as portfolio companies achieve significant milestones. Their focus on B2B SaaS reflects a belief in the scalable and recurring revenue models inherent in this sector, making them a preferred partner for founders building enterprise software solutions.

The firm has demonstrated consistent growth and commitment to the seed stage. For example, Active Capital recently announced its third fund, Active Capital III, closing at $40 million, which underscores their expanding capacity to support promising B2B SaaS ventures. Across their funds, they have built a diverse portfolio of over 40 companies, showcasing their ability to identify and nurture innovative businesses. Their geographic focus, while primarily in the US, extends beyond Silicon Valley, seeking out strong teams and disruptive technologies wherever they emerge.

Their team, led by managing partners, brings a wealth of entrepreneurial and operational experience, which is a key differentiator in their value proposition to founders. They aim to be more than just capital providers, acting as true partners in the journey from seed to scale. This collaborative approach, combined with their sector-specific expertise, positions Active Capital as a significant player in the early-stage B2B SaaS investment landscape.