Active Capital

ActiveVenture Capital

Updated: Jan 22, 2026 ·

About

Active Capital Company is a private equity firm based in Amsterdam, Netherlands, that invests in small and medium-sized companies in the production, technical wholesale, and business services sectors in the Netherlands and Germany.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Dec 1, 2024	Nuon	$17.0M Series A	—	Alt Capital, Andreessen Horowitz, Artisanal Ventures, ATX Venture Partners, Canaan Partners, Comal Ventures, Cusp Capital Partners, Essence VC, Firstminute Capital, Indicator Ventures, Lux Capital, M12, Mantis VC, Next Coast Ventures, Picus Capital, Precursor Ventures, Preston-Werner Ventures, Redpoint Ventures, Red Swan Ventures, Zain Rizavi, Scheinman Angel Fund, Scribble Ventures, Sequoia Capital, Supercharge.vc, Todd and Rahul's Angel Fund, Uncork Capital, Ameet Patel, Brian Sugar, Chris Schagen, Dylan Field, Guy Fighel, Kevin Weil, Neha Narkhede, Nkechi Iregbulem, Quinn Slack, Rajiv Bala, Ron Pragides, Spencer Kimball
Jun 1, 2024	Reflex	$9.0M Seed	—	Alt Capital, ATX Venture Partners, Canaan Partners, Comal Ventures, Indicator Ventures, Lux Capital, Next Coast Ventures, Picus Capital, Precursor Ventures, Red Swan Ventures, Brian Sugar, Rajiv Bala
Jun 1, 2024	Fizz	$14.0M Seed	—	6th Man Ventures, Alt Capital, ATX Venture Partners, Canaan Partners, Comal Ventures, DFJ, Founders Co-op, Indicator Ventures, Kleiner Perkins, KRM Interests LLC, Lux Capital, Maverick Capital, Menlo Ventures, Mouro Capital, Necessary Ventures, Next Coast Ventures, Picus Capital, Precursor Ventures, QED Investors, Red Swan Ventures, Sunset Ventures, XStarPartners, Y Combinator, Adam Marchick, Andy Rubin, Brian Sugar, hugo angelmar, Rajiv Bala, Ravi Grover, Sri Batchu
Apr 1, 2024	Proxima	$12.0M Series A	—	LiveOak Venture Partners, Mucker Capital, NextGen Venture Partners
Mar 1, 2024	D2X Group	$10.0M Series A	—	Acrobator Ventures, Alt Capital, ATX Venture Partners, Bessemer Venture Partners, Canaan Partners, Coatue, Comal Ventures, Indicator Ventures, INKEF Capital, Lux Capital, Next Coast Ventures, Picus Capital, Pioneer Fund, Point72 Ventures, Precursor Ventures, Red Swan Ventures, Soma Capital, Speedinvest, Y Combinator, Brian Sugar, Gokul Rajaram, James Park, Jason Gardner, Martin Henk, Ragnar Sass, Rajiv Bala
Feb 1, 2024	Jam	$9.0M Series A	—	Addition, Afore Capital, AIX Ventures, Andreessen Horowitz, Backstage Capital, Banana Capital, B Capital Group, Bedrock Capital, Bessemer Venture Partners, BoxGroup, C2 Investment, CapitalX, Color Capital, Craft Ventures, Cyphr VC, DTCP, Electric Capital, First Round Capital, Flex Capital, Innovation Endeavors, IVP, LGF, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Maven Ventures, Dan Cahana, Robin Li, Notable Capital, Paradox Capital, Preston-Werner Ventures, Primary Venture Partners, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, Sommet AB, The Club, The Hit Forge, Tiger Global Management, Two Sigma Ventures, Vibe Capital, Weekend Fund, Y Combinator, Alex Lieberman, Amjad Masad, Anthony Pompliano, Balaji Srinivasan, Ben Tossell, Bob Muglia, Chris Herd, Dharmesh Shah, Dylan Field, Greg Isenberg, Guillermo Rauch, Ilya Golubovich, Immad Akhund, Jaime Schmidt, Jeff Bezos, Julian Shapiro, Justin Welsh, Kyle York, Louis Beryl, Mark Goines, Mattia Astori, Moshe Lifschitz, Musaab Hakami, Peter Sonsini, Sahil Lavingia, Sahin Boydas, Sam Parr, Shane Neman, Stanley Druckenmiller, Tim Griffin, Tobias Lutke, Yann LeCun, Zack Kanter
Jan 1, 2024	Coris	$4.0M Seed	—	8090 Industries, Afore Capital, Alchemy Ventures, Alt Capital, Andreessen Horowitz, ATX Venture Partners, Canaan Partners, Comal Ventures, Convective Capital, CRV, Felicis Ventures, Founder Collective, Founders Fund, Goat Capital, Greenoaks Capital, Haun Ventures, Indicator Ventures, Infinity Ventures Crypto, Lux Capital, M12, Magma Partners, Marlinspike, Next Coast Ventures, NFX, Picus Capital, Polychain Capital, Precursor Ventures, Red Swan Ventures, Sequoia Capital, The Hit Forge, Amit Agarwal, Balaji Srinivasan, Brian Sugar, Chase Gilbert, Eric Futoran, Rajiv Bala, Sahin Boydas, Vivek Patel
Oct 1, 2023	Astrus	$3.0M Seed	—	Ascension Ventures, Draper Associates, Drive Capital, Hyde Park Venture Partners, Inspired Capital, Khosla Ventures, Matchstick Ventures, Moonshots Capital, Morpheus Ventures, Oak HC/FT, Greg Bettinelli, Techstars, Tiger Global Management, Transformation Capital
Aug 1, 2023	iVerify	$4.0M Seed	—	Alt Capital, ATX Venture Partners, Canaan Partners, Comal Ventures, Indicator Ventures, Lux Capital, Next Coast Ventures, Picus Capital, Precursor Ventures, Red Swan Ventures, Brian Sugar, Rajiv Bala
Jun 1, 2023	SMASHSEND	$150K Seed	—	Andreessen Horowitz, Chapter One Ventures, Cortical Ventures, GAMEGROOVE Capital, Geek Ventures, Goat Capital, Hustle Fund, Incisive Ventures, Madrona Ventures, Preston-Werner Ventures, Presto Ventures, Spring Capital, Sunset Ventures, Artur Sychov, Brian Corrigan, Gautam Shah, Jeff Morris, Kaarel Kotkas, Kevin Hart, Matt Gibstein, Peter Vesterbacka, Riccardo Zacconi, Sebastian Knutsson, Sebastien Borget, Siqi Chen
May 1, 2023	Cognosys	$2.0M Seed	—	Addition, AIX Ventures, Alt Capital, Bloomberg Beta, C2 Investment, Darren Liccardo, Rouz Jazayeri, Comal Ventures, Jenny Fielding, Scott Hartley, Founders Fund, General Atlantic, Geodesic Capital, Greylock, Erik Nordlander, GV, Kickstart Fund, KRM Interests LLC, Lux Capital, Saga, Spark Capital, SparkLabs Global Ventures, SuperAngel.Fund, The Hit Forge, U&I Ventures, Untapped Capital, Akshay Kothari, Amjad Masad, Ben Silbermann, Biz Stone, Guillermo Rauch, Luke Sherwin, Neil Parikh, Spencer Kimball
May 1, 2023	Yumari	$2.0M Seed	—	20VC, Alumni Ventures, Alven, Arrive, Ascend Vietnam Ventures, Broadhaven Capital Partners, CFV Ventures, Coatue, Cubit Investments Ltd, Jenny Fielding, Everywhere Ventures (The Fund), Lionheart Ventures, Mercato Partners, Pareto Holdings, Pioneer Fund, Redpoint Ventures, RTP Global, SeaX Ventures, #SecretFund, sequel, Spark Capital, Stellar Capital, Uncork Capital, Union Square Ventures, Antoine Martin, Calvin Chu, Christian Reber, Guy Podjarny, Martin Li, Nicolas Steegmann, Sahin Boydas, Simon Dawlat
Apr 1, 2023	Patientory	$2.0M Seed	—	Backstage Capital, Bedrock Capital, Bessemer Venture Partners, CapitalX, Color Capital, Craft Ventures, Cyphr VC, Lightspeed Venture Partners, LOI Venture, Long Journey Ventures, Paradox Capital, Prototype Capital, Rising Tide Partners, SaaSholic Fund, Shaan's All Access Fund, The Club, The Hit Forge, Vibe Capital, Weekend Fund, Alex Lieberman, Anthony Pompliano, Ben Tossell, Chris Herd, Dharmesh Shah, Greg Isenberg, Immad Akhund, Jaime Schmidt, Julian Shapiro, Justin Welsh, Kyle York, Moshe Lifschitz, Musaab Hakami, Paul Yacoubian, Sahil Lavingia, Sam Parr, Zack Kanter
Mar 1, 2023	Makeswift	$3.0M Venture Round	—	C2 Investment, Comal Ventures, Balaji Srinivasan, David Mytton
Feb 1, 2023	ProsperOps	$72.0M Series A	—	Ascension Ventures, Drive Capital, Hyde Park Venture Partners, Khosla Ventures, Moonshots Capital, Oak HC/FT, Tiger Global Management, Transformation Capital
Dec 1, 2022	DeepHow	$14.0M Series A	—	B Capital Group, Eclipse Ventures, HOF Capital, Insight Partners, Left Lane Capital, Munich Re / HSB Ventures, Owl Ventures, Pareto Holdings, Qualcomm Ventures, Sierra Ventures, Stellar Capital, Cory Levy, Ted Serbinski
Oct 1, 2022	Uplinq	$1.0M Seed	—	Alt Capital, ATX Venture Partners, Canaan Partners, Comal Ventures, Indicator Ventures, Lux Capital, Next Coast Ventures, Picus Capital, Precursor Ventures, Red Swan Ventures, Brian Sugar, Rajiv Bala
Oct 1, 2022	Artificio	$200K Seed	—	HOF Capital, Hoxton Ventures, Motier Ventures, Pareto Holdings, Sierra Ventures, Stellar Capital, Philippe Teixeira da Mota
Sep 1, 2022	Notch Financial	$11.0M Seed	—	Alt Capital, ATX Venture Partners, Broadway Angels, Canaan Partners, Comal Ventures, Evening Fund, FirstMark Capital, Golden Ventures, Indicator Ventures, Lux Capital, MATH Venture Partners, Next Coast Ventures, Picus Capital, Portage Ventures, Precursor Ventures, Redhawk VC, Red Swan Ventures, Ulu Ventures, Brian Sugar, Rajiv Bala
Aug 1, 2022	BlueTape	$5.0M Seed	—	Acorn Pacific Ventures, Ascension Ventures, Drive Capital, Hyde Park Venture Partners, Khosla Ventures, Moonshots Capital, Oak HC/FT, Tiger Global Management, Transformation Capital
Jul 1, 2022	Ozette Technologies	$26.0M Series A	—	Chapter One Ventures, Cortical Ventures, Hustle Fund, Incisive Ventures, Madrona Ventures, Furqan Rydhan, Jeff Morris, Matt Gibstein, Siqi Chen
Jun 1, 2022	Reflex	$5.0M Seed	—	Adverb Ventures, AirAngels, Alt Capital, AngelCube, ATX Venture Partners, Baroda Ventures, Canaan Partners, Comal Ventures, Construct Capital, CP Ventures, Craft Ventures, Jenny Fielding, Scott Hartley, Forerunner Ventures, Foundation Capital, Gaingels, Greylock, Helion Venture Partners, IDC Ventures, Indicator Ventures, Inspired Capital, Kleiner Perkins, Klossy, Lux Capital, Next Coast Ventures, Offline Ventures, Otherwise Fund, Owl Ventures, Pantera Capital, Picus Capital, Pioneer Fund, Precursor Ventures, Ravelin Capital, Red Swan Ventures, RevTech Ventures, Sound Ventures, Stage 2 Capital, TenOneTen Ventures, Tet Ventures, Torch Capital, Trajectory Ventures, Umami Capital, Upfront Ventures, Brian Sugar, Evan Williams, Gabriel Jarrosson, Immad Akhund, Jeffrey Wilke, Jonathan Widawski, Marissa Mayer, Mathilde Collin, Nick Hunley, Rajiv Bala, Vishal Rao, 10100, 50 Partners, Andrew Maywah, Felicis Ventures, Fifth Wall, Gokul Rajaram, Jonathan Swanson, LAUNCH, Max Mullen, Mike Krieger, Oliver Cameron, Race Capital, Romain Afflelou, Ulu Ventures
May 1, 2022	Ness	$16.0M Seed	—	HOF Capital, Intuition Capital, Pareto Holdings, Sierra Ventures, Stellar Capital, Will Ventures, Ahmir Khalib Thompson, Cory Levy, Gee Roberson, James Beshara, Otis Chandler, Rob Glaser
Apr 1, 2022	Olive	$3.0M Seed	—	TJ Nahigian, Companyon Ventures, Hyde Park Venture Partners, Overline VC, Techstars, Trajectory Ventures, XFactor Ventures, Graham Weston
Apr 1, 2022	Experify	$4.0M Seed	—	eonCapital, Geekdom Fund, Carmen Chang, The Finger Group, Vertex Ventures, Rob Taylor, Yee Lee

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Active Capital.

Leadership Team

Key people at Active Capital.

Deep Dive

High-Level Overview

Active Capital is a San Antonio-based venture capital firm specializing in leading pre-seed and seed investments primarily in AI-powered business software and B2B SaaS companies, especially those outside Silicon Valley. Their mission centers on backing early-stage startups that leverage artificial intelligence to transform enterprise software, focusing on companies that can reach market efficiently with modest capital. Active Capital supports purpose-driven founders aiming to scale innovative technologies that reshape business operations. Their investment philosophy emphasizes concentrated, hands-on involvement in early rounds to maximize growth potential and founder support. Key sectors include AI, enterprise software, business services, and communications technology. By focusing on underrepresented geographies and early-stage innovation, Active Capital plays a vital role in expanding the startup ecosystem beyond traditional tech hubs, fostering diversity and innovation in emerging markets[2][3][4][5].

Origin Story

Founded in 2017, Active Capital was established by co-founders including Cat Dizon and Pat Matthews, who bring deep investment and entrepreneurial experience. The firm evolved with a clear focus on pre-seed investing in AI-driven business software, identifying a gap in early-stage funding outside Silicon Valley. Over time, Active Capital has grown its assets under management to over $100 million, recently closing its third fund at $28 million in 2025, reflecting strong investor confidence and a maturing investment thesis. This evolution highlights their commitment to supporting startups from inception through growth, particularly those leveraging AI to innovate enterprise solutions[2][5].

Core Differentiators

Focused Investment Model: Concentrates on leading pre-seed and seed rounds, particularly for AI-powered B2B SaaS startups outside Silicon Valley.
Geographic Niche: Targets promising startups in underrepresented regions, expanding the venture capital footprint beyond traditional tech centers.
Hands-On Support: Provides active operational and strategic support to founders, helping startups scale efficiently with limited capital.
Strong Track Record: Demonstrated growth with over $100 million in assets under management and successful fundraises, indicating robust market validation.
Sector Expertise: Deep knowledge in AI, enterprise software, and business services, enabling informed investment decisions and value creation[2][4][5].

Role in the Broader Tech Landscape

Active Capital rides the wave of AI integration into enterprise software, a trend reshaping how businesses operate globally. The timing is critical as AI technologies mature and demand for intelligent business solutions accelerates. Market forces such as digital transformation, remote work, and automation drive the need for innovative SaaS platforms, creating fertile ground for early-stage AI startups. By focusing on pre-seed investments outside Silicon Valley, Active Capital helps democratize access to capital and innovation, influencing the broader tech ecosystem by nurturing diverse founders and regional innovation hubs. This approach supports the decentralization of tech innovation and fosters a more inclusive startup environment[2][4][5].

Quick Take & Future Outlook

Looking ahead, Active Capital is poised to continue expanding its influence by backing the next generation of AI-driven enterprise software startups. Trends such as increased AI adoption, cloud computing, and data-driven decision-making will shape their investment focus. Their role as a leading early-stage investor outside Silicon Valley positions them to capitalize on emerging regional innovation and founder diversity. As AI technologies evolve, Active Capital’s hands-on approach and sector expertise will likely enhance their portfolio companies’ growth trajectories and impact. The firm’s trajectory suggests a growing footprint in the venture capital landscape, further enabling transformative startups to scale and succeed beyond traditional tech epicenters[5].

Sources

High-Level Overview

Origin Story

Core Differentiators

Focused Investment Model: Concentrates on leading pre-seed and seed rounds, particularly for AI-powered B2B SaaS startups outside Silicon Valley.
Geographic Niche: Targets promising startups in underrepresented regions, expanding the venture capital footprint beyond traditional tech centers.
Hands-On Support: Provides active operational and strategic support to founders, helping startups scale efficiently with limited capital.
Strong Track Record: Demonstrated growth with over $100 million in assets under management and successful fundraises, indicating robust market validation.
Sector Expertise: Deep knowledge in AI, enterprise software, and business services, enabling informed investment decisions and value creation[2][4][5].