Active

Activate Capital

General contacts

Investor type

Founded

2017

AUM

$1 000 M

Location

San Francisco, California, United States

Investment Ticket

$10-50 m

Investment Stage

Series A Series B Late Stage (Series C+)

Region of investment

North America Europe

Investor profile last updated: 16 July, 2026

Profile

Activate Capital is a growth-equity investor based in San Francisco, founded in 2017 by Managing Partners Anup Jacob, David Lincoln, and Raj Atluru. The firm focuses on the technology backbone of energy, critical infrastructure, and industrial systems. The senior investing team includes Eric Meyer, Jon Guerster, and Paul Jordan, supported by a dedicated team of principals, vice presidents, and a portfolio-operations function. Activate distinguishes itself by backing businesses with real commercial traction rather than pre-revenue science projects.

Activate invests in sectors including energy technology, critical infrastructure, and industrial systems. Typical check sizes are in the growth-stage range, with a regional focus on North America and Europe. As of the Fund III close, Activate manages over $1 billion in assets. The firm prioritizes long-standing investors and targets revenue-generating companies with commercial traction.

Notable investments include Crusoe, Enpal, Generate Capital, Aerones, Flexe, Altana AI, and Infravision. These companies span AI infrastructure, solar energy, sustainable infrastructure, and supply-chain intelligence, underlining Activate's focus on commercially viable, strategic infrastructure solutions.

Industry

Hardware Industrial Software AI Infrastructure Energy CleanTech Internet of Things (IoT) Logistics

Activate Capital Funds

Name	Type	Industry	Stage	Region	Size	AUM	Launch date
Activate Capital Fund III	Venture Capital (VC)	Hardware Industrial Software AI Infrastructure Energy	Late Stage (Series C+)	North America Europe	$10-50 m	$500 M	July 2026

Contacts

Name

Title

Social Networks

Caroline Chick Vice President

Vice President

c•••@•••

Leila Martin Vice President

Vice President

l•••@•••

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Investment-team contacts for Activate Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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Contacts sourced from the firm's website and LinkedIn, re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

FAQs about Activate Capital

Is Activate Capital a venture capital or private equity firm?

Activate Capital is a venture capital firm. It backs companies at Series A, Series B and Late Stage (Series C+), writing tickets of $10-50 m.

Where is Activate Capital located?

Activate Capital is located in San Francisco, California, United States.

When was Activate Capital founded?

Activate Capital was founded in 2017.

What sectors and industries does Activate Capital invest in?

Activate Capital invests in companies and startups in Hardware, Industrial, Software, AI, Infrastructure, Energy, CleanTech, Internet of Things (IoT), Logistics.

What is Activate Capital geographical focus of investments?

Activate Capital invests in companies and startups in North America, Europe.

At what stages of companies and startups does Activate Capital typically invest in?

Activate Capital invests in companies and startups at Series A, Series B, Late Stage (Series C+).

What is the usual amount of Activate Capital investment?

Activate Capital usually invests $10-50 m on average.

What is the amount of assets of under management (AUM) for Activate Capital?

Activate Capital has around $1 000m assets under management.

When was Activate Capital last fund created?

Activate Capital last fund was created/launched in 2026-07-15

What are the contacts of Activate Capital?

Activate Capital can be reached through its website activatecap.com. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Activate Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.

Can I access Activate Capital data via API or MCP?

Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query Activate Capital directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.

When was the Activate Capital profile last updated?

Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 16 July, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.