# Activate Capital: portfolio, investments and team > Activate Capital is a vc firm based in United States. 6 investments on record, 4 in the last 12 months, latest Sept 2026. Source: https://millionrounds.com/fund/activate-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Activate Capital Last cheque observed Sep 2026; 6 cheques on record. Email VC firm Deploying now New fund $186M, Sept 2026 Seed Series A Series B Industrial Revolution Advanced Manufacturing Iiot Follow Activate Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Factivate-capital) Deploying now **80%** of best year **4** **cheques in 12 months**, 6 on record Since the last cheque **65** days **00** hrs **00** min **00** sec Median round **$96M** Rounds led **1 of 6** Mostly in **United States, 100%** Pitch Activate Capital ## Activate Capital highlights - 01 4 cheques in the last 12 months - 02 Mostly Series B and Series A: 67% of its rounds - 03 Led 1 rounds ## What they do > Filed 1 private fund offerings with the SEC, the most recent in 2025-03 From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth - **Sectors:** Industrial Revolution Advanced Manufacturing Iiot - **Based in:** San Francisco, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **6 appearances** - **2026** 4 rounds - **Sept** **[Light](https://millionrounds.com/company/light)** Series A · US · TechStartups **$46M** With 11 others - **Jul** **[Antora Energy](https://millionrounds.com/company/antora-energy)** Series C · US · Crunchbase News **$550M** With 14 others - **Apr** **[Starfish Space](https://millionrounds.com/company/starfish-space)** Series B · US · Ventureburn **$100M** With 14 others - **Feb** **[Lunar Energy](https://millionrounds.com/company/lunar-energy)** Series D · US · TechCrunch **$232M** *Led* - **2025** 1 round - **Nov** **[Infravision](https://millionrounds.com/company/infravision)** Series B · US · Crunchbase News **$91M** With 4 others - **2019** 1 round - **Aug** **[Homee](https://millionrounds.com/company/homee)** Series B · US · FinSMEs **$15M** With 8 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **6 named** AR **Anna Rosa Nitschke** COO i Form ADV AF **Anup F. Jacob** Mr. Jacob is a Managing Director of the General Partner (AGC Partners GP, LLC) of the General Partner (AGC Partners GP, LP) i Filing they signed DF **David Francis Lincoln** Mr. Lincoln is a Managing Director of the General Partner (AGC Partners GP, LLC) of the General Partner (AGC Partners GP, LP.) i Filing they signed MF **Michael F. DeRosa** Mr. DeRosa is a Managing Director of the General Partner (AGC Partners GP, LLC) of the General Partner (AGC Partners GP, LP) i Filing they signed MF **Michael F. Todd** Mr. Todd is the Chief Financial Officer of the General Partner (AGC Partners GP, LLC) of the General Partner (AGC Partners GP, LP) i Filing they signed RF **Rajesh F. Atluru** Mr. Atluru is a Managing Director of the General Partner (AGC Partners GP, LLC) of the General Partner (AGC Partners GP, LP) i Filing they signed We also hold **20** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$1.1B** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Activate Capital Management, LP - **SEC number:** CRD 307073 New fund on file **$186M** raised in Sept 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$96M** the round, not its cheque Led 1 of 6 rounds **17%** - **Sole investor:** Never alone - **Last cheque:** Sept 2026 Rounds by stage said on their site - Series B said *3* - Series A said *1* - Series C *1* - Series D *1* - Seed said *-* - Growth said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 2 - [Liberty Mutual Strategic Ventures](https://millionrounds.com/fund/liberty-mutual-strategic-ventures) 2 **Pitching Activate Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Activate Capital. A count of rooms they were both in, not a relationship either has claimed. [**Alumni Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Liberty Mutual Strategic Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/liberty-mutual-strategic-ventures) ## Recently backed The latest companies Activate Capital put money into. [**Light** $46M · Sept 2026](https://millionrounds.com/company/light)[**Antora Energy** $550M · Jul 2026](https://millionrounds.com/company/antora-energy)[**Starfish Space** $100M · Apr 2026](https://millionrounds.com/company/starfish-space)[**Lunar Energy** $232M · Feb 2026](https://millionrounds.com/company/lunar-energy)[**Infravision** $91M · Nov 2025](https://millionrounds.com/company/infravision)[**Homee** $15M · Aug 2019](https://millionrounds.com/company/homee) ## Quick answers about Activate Capital ### What does Activate Capital invest in? Activate Capital invests most often at Series B and Series A (67% of the rounds on record), in sectors such as Industrial Revolution, Advanced Manufacturing and Iiot. ### How active is Activate Capital? 6 investments on record, 4 of them in the last 12 months, and it led 1. The most recent was in Sept 2026. ### What has Activate Capital invested in recently? Its most recent investments on record: Light (Series A, Sept 2026), Antora Energy (Series C, Jul 2026) and Starfish Space (Series B, Apr 2026). ### How big are Activate Capital's cheques? The median round it joins is $96M. ### Does Activate Capital lead rounds? Yes: it led 1 of its 6 investments on record (17%). ### Where does Activate Capital invest? Most of the companies it backs are in the United States (100%). ### Is Activate Capital investing now? Yes: it is actively investing, with 4 investments in the last 12 months. ### Who does Activate Capital invest alongside? Most often Alumni Ventures (2 rounds together) and Liberty Mutual Strategic Ventures (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. 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