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§ Venture Capital · San Francisco, CA, USA
Growth equity and venture capital firm investing in high-growth technology for sustainable industrial transition.
Activate Capital Partners is a growth-stage venture capital firm based in San Francisco, California, that invests in technology companies driving the sustainable transition of the industrial economy. The firm typically deploys between $10 million and $30 million in Series B to pre-IPO funding rounds for businesses operating across the energy, mobility, and infrastructure sectors. Operating with a team of 15 to 19 employees, the firm manages an estimated $1 billion in total assets and closed its second flagship fund with $500 million in capital commitments in October 2022. In October 2024, the firm launched its third fund, seeking an additional $500 million to back new climate-focused enterprises. Its investment portfolio features prominent industrial technology companies, including Symbotic, Voltus, PosiGen, and Fictiv. Activate Capital Partners was founded in 2017 by Anup Jacob, David Lincoln, and Raj Atluru.
Key people at Activate Capital Partners.
Key people at Activate Capital Partners.
Activate Capital Partners is a growth-stage venture capital firm that invests in high-growth companies whose technologies are fundamentally transforming the industrial economy toward a more sustainable and resilient future. Their mission centers on backing purpose-driven entrepreneurs scaling technologies that enable clean, connected, intelligent, and sustainable energy and industrial systems. They focus on sectors including energy, mobility, production, and adaptation to climate change, supporting companies that drive the global megatrends of sustainability and climate resilience. Activate Capital’s impact on the startup ecosystem lies in their deep operational expertise and long-term partnership approach, helping portfolio companies scale transformational technologies that address critical environmental and industrial challenges[1][2][4].
Founded in 2017 by co-founders Anup Jacob and David Lincoln, Activate Capital has evolved to become a leading investor in the sustainable transformation of the global economy. The firm leverages over 130 years of collective experience among its partners, combining investment acumen with sector expertise in energy and industrial innovation. Their origin story reflects a commitment to supporting audacious founders who are building companies that matter, with early traction seen in investments like Tomorrow.io (weather intelligence), Sympower (energy load aggregation), and Altana (supply chain transparency)[1][5].
Activate Capital rides the global trend toward decarbonization, digitalization, and resilience in industrial and energy systems. The timing is critical as governments and industries face mounting pressure to meet climate goals and adapt to environmental risks. Market forces such as regulatory shifts, technological advances in AI and IoT, and growing demand for sustainable infrastructure favor Activate’s investment thesis. By backing companies that enable clean energy, smarter mobility, and supply chain transparency, Activate influences the broader ecosystem by accelerating innovation that underpins the industrial economy’s transformation[1][4].
Looking ahead, Activate Capital is poised to continue expanding its portfolio in sectors critical to the sustainability supercycle, including energy storage, electrification, and climate adaptation technologies. Trends such as AI integration, grid modernization, and circular economy models will shape their journey. Their influence is likely to grow as they deepen partnerships with founders and scale companies that redefine industrial and energy paradigms. This forward momentum ties back to their core mission of building companies that matter for a better, more sustainable future[1][4][5].
Activate Capital Partners has 1 tracked investment across 1 company. The latest tracked deal is $11.0M Series A in Homee in June 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 1, 2018 | Homee | $11.0M Series A | Activate Capital Partners | DeepWork Capital |
