ActiveCap

General contacts
Investor type

PE

Founded

2018

AUM

$132 M

Location

Lisbon, Lisbon District, Portugal

Investment Ticket

$50-100 m

Investment Stage

Series B Late Stage (Series C+)

Region of investment

Europe

ESG Focus

Impact investor
Investor profile last updated: 14 October, 2026

Profile

ActiveCap is a private equity firm based in Lisbon, Portugal, founded in 2018. The firm specializes in investing in small to mid-market companies with growth and transformation potential. ActiveCap's team, which includes 15 professionals, leverages over 60 years of combined experience in investment and management to partner with companies for long-term growth. The firm is known for its active partnership approach, working closely with management teams to enhance competitiveness and value creation.

ActiveCap focuses on growth equity and special situations, primarily investing in export-oriented companies in Portugal. The firm manages several funds, including ActiveCap I, II, III for growth equity, and the Alpha Fund for special situations. These funds cater to different risk-return profiles, offering structured equity solutions and opportunities for sectoral consolidation. ActiveCap's investment stages range from late-stage to structured equity solutions, with a focus on sustainability and international expansion.

Notable investments by ActiveCap include Equanto - food products, Still Moving - consulting services, Natstone - building products, T&T - financial software, and Ozo Living - home furnishings. These investments highlight the firm's diverse portfolio across various sectors.

Industry

Internet of Things (IoT) Business Services (B2B) Consumer Products Industrial SaaS Technology Food and Beverage Financial Services Construction Energy

ActiveCap Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region 		Size AUM Launch date
ActiveCap I
Private Equity (PE)
Energy
Technology
SaaS
Industrial
Consumer Products
Business Services (B2B)
Internet of Things (IoT)
Series B
Late Stage (Series C+)
Europe
$1-5 m
—
October 2026
ActiveCap II
Private Equity (PE)
Energy
Technology
SaaS
Industrial
Consumer Products
Business Services (B2B)
Internet of Things (IoT)
Series B
Late Stage (Series C+)
Europe
$1-5 m
—
October 2026
ActiveCap III
Private Equity (PE)
Energy
Technology
SaaS
Industrial
Consumer Products
Business Services (B2B)
Internet of Things (IoT)
Series B
Late Stage (Series C+)
Europe
$1-5 m
—
October 2026
Alpha Fund
Private Equity (PE)
Energy
Technology
SaaS
Industrial
Consumer Products
Business Services (B2B)
Internet of Things (IoT)
Series B
Late Stage (Series C+)
Europe
$1-5 m
—
October 2026

Contacts

Name
Title
Email
Social Networks
avatar
Francisco Martins Managing Partner
Managing Partner
f•••@•••
LinkedIn
avatar
Salvador Correia Barros Fund Partner
Fund Partner
s•••@•••
LinkedIn
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Investment-team contacts for ActiveCap — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about ActiveCap

ActiveCap is a private equity firm. It backs companies at Series B and Late Stage (Series C+), writing tickets of $50-100 m.
ActiveCap is located in Lisbon, Lisbon District, Portugal.
ActiveCap was founded in 2018.
ActiveCap invests in companies and startups in Internet of Things (IoT), Business Services (B2B), Consumer Products, Industrial, SaaS, Technology, Food and Beverage, Financial Services, Construction, Energy.
ActiveCap invests in companies and startups in Europe.
ActiveCap invests in companies and startups at Series B, Late Stage (Series C+).
ActiveCap usually invests $50-100 m on average.
ActiveCap has around $132m assets under management.
Yes, ActiveCap is impact investor.
ActiveCap can be reached through its website activecap.pt and its LinkedIn page. 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 ActiveCap — 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.
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 ActiveCap directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
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 14 October, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.