# Investors based in San Antonio (2026 list)

> 104 investors based in San Antonio, 2% active in the last 12 months. Led by Active Capital, USAA, Geekdom Fund. Ranked by what they funded.

Source: https://millionrounds.com/lists/investors-based-in-san-antonio (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Investors based in San Antonio

Updated 7 November 2026

Firms with an address in San Antonio. A head office is a fact about the firm; where it invests is on its own page.

[See all 104 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-san-antonio)The top 25

**104** investors on the list No change this week

**9** cheques in 12 months Too few cheques to tell

**$7.8M** median round they joined *-3%* against the market median

**2%** wrote a cheque in 12 months

**3%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (2)

- 1 [Active Capital](https://millionrounds.com/fund/active-capital) *Deploying now* VC firm · United States **50** **$4.5M** median round **Sept 2026** last seen
- 2 [USAA](https://millionrounds.com/fund/usaa) quiet Corporate VC · United States **26** **$25M** median round **Feb 2018** last seen
- 3 [Geekdom Fund](https://millionrounds.com/fund/geekdom-fund) quiet VC firm · United States **9** **$5M** median round **Oct 2019** last seen
- 4 [EnCap Flatrock Midstream](https://millionrounds.com/fund/encap-flatrock-midstream) quiet VC firm · United States **6** **$200M** median round **Aug 2018** last seen
- 5 [Targeted Technology Fund](https://millionrounds.com/fund/targeted-technology-funds) quiet VC firm · United States **6** **$13M** median round **Apr 2015** last seen
- 6 [Barshop Ventures](https://millionrounds.com/fund/barshop-ventures) quiet Family office · United States **5** **$6.4M** median round **Dec 2019** last seen
- 7 [InVentures](https://millionrounds.com/fund/inventures-4) quiet VC firm · United States **4** **$9M** median round **Aug 2012** last seen
- 8 [Alamo Angels](https://millionrounds.com/fund/alamo-angels) *Deploying now* Angel network · United States **2** **$7M** median round **Nov 2026** last seen
- 9 [HOLT Ventures](https://millionrounds.com/fund/holt-ventures) quiet VC firm · United States **2** **$7.8M** median round **May 2019** last seen
- 10 [Munder Capital Managment](https://millionrounds.com/fund/munder-capital-managment) quiet Growth equity · United States **2** **$44M** median round **Jan 2002** last seen
- 11 [Pasadera Capital](https://millionrounds.com/fund/pasadera-capital) quiet Investment bank · United States **2** **$13M** median round **Sept 2012** last seen
- 12 [Agile VC](https://millionrounds.com/fund/agile-vc) quiet VC firm · United States **1** **$2.7M** median round **Jul 2017** last seen
- 13 [Commercial Electronics](https://millionrounds.com/fund/commercial-electronics) quiet Growth equity · United States **1** **$10M** median round **Nov 1999** last seen
- 14 [Fountainhead Investment Partners](https://millionrounds.com/fund/fountainhead-investment-partners) quiet VC firm · United States **1** **$833K** median round **Jun 2015** last seen
- 15 [Kia Motors](https://millionrounds.com/fund/kia-motors) quiet Corporate VC · South Korea **1** **$25M** median round **Oct 2019** last seen
- 16 [McCombs Partners](https://millionrounds.com/fund/mccombs-partners) quiet Family office · United States **1** **$3.5M** median round **Jan 2012** last seen
- 17 [Triumph Group](https://millionrounds.com/fund/triumph-group) quiet Growth equity · United States **1** **$50M** median round **Jun 2018** last seen
- 18 [U.S. Global Investors](https://millionrounds.com/fund/u-s-global-investors) quiet VC firm · United States **1** **-** median round **Dec 2014** last seen
- 19 [Zachary Construction](https://millionrounds.com/fund/zachary-construction) quiet Corporate VC · United States **1** **$7.6M** median round **Feb 2015** last seen
- 20 [Greehey & Co.](https://millionrounds.com/fund/greehey-and-co) quiet VC firm · United States **1** **$3M** median round **Aug 2012** last seen
- 21 [Accredited Venture LLC](https://millionrounds.com/fund/accredited-venture-llc) unknown VC firm · United States **none observed** **-** median round **-** last seen
- 22 [AdL Holdings](https://millionrounds.com/fund/adl-holdings) unknown Private credit · United States **none observed** **-** median round **-** last seen
- 23 [AgeX Venture Studio](https://millionrounds.com/fund/agex-venture-studio) unknown VC firm · United States **none observed** **-** median round **-** last seen
- 24 [Alamo Advisors](https://millionrounds.com/fund/alamo-advisors) unknown Investment firm · United States **none observed** **-** median round **-** last seen
- 25 [Avisto Capital Partners](https://millionrounds.com/fund/avisto-capital-partners) unknown Private equity · United States **none observed** **-** median round **-** last seen

**79 more on this list**

All 104 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-san-antonio)

## The Newest Cheques

Rounds this list's investors joined most recently

- **4** Nov **[Aformic](https://millionrounds.com/company/aformic)** Seed · $7M *With* [Alamo Angels](https://millionrounds.com/fund/alamo-angels)
- **29** Sept **[Freyya Inc.](https://millionrounds.com/company/freyya-inc)** Pre-seed *Led by* [Alamo Angels](https://millionrounds.com/fund/alamo-angels)
- **1** Sept **[Handraise](https://millionrounds.com/company/handraise)** Seed · $4.5M *With* [Active Capital](https://millionrounds.com/fund/active-capital)
- **1** Sept **[EnginZyme](https://millionrounds.com/company/enginzyme)** Venture · $7.6M *With* [Active Capital](https://millionrounds.com/fund/active-capital)
- **2** Jun **[ZeroDrift](https://millionrounds.com/company/zerodrift)** Seed · $10M *With* [Active Capital](https://millionrounds.com/fund/active-capital)
- **1** Jun **[Ardent AI](https://millionrounds.com/company/ardent-ai)** Pre-seed · $500K *With* [Active Capital](https://millionrounds.com/fund/active-capital)

## Stages This Year

9 rounds

- Seed **56%**
- Pre-seed **22%**
- Series B **11%**
- Venture **11%**

## What They Backed

Sectors, last 12 months

- AI **6**
- Big Data & Analytics **1**
- Biotech **1**
- Cybersecurity **1**
- Femtech **1**
- Automotive & EVs **1**

## Cheques by Quarter

Led Joined

1 Q1 25

Q2 25

3 Q3 25

Q4 25

1 Q1 26

4 Q2 26

3 Q3 26

1 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london)
- [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca)
- [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny)
- [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa)
- [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco)
- [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx)
- [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai)
- [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles)
- [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago)

[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about investors based in San Antonio

### Who are the most active investors based in San Antonio?

By cheques observed, the most active are Active Capital, USAA, Geekdom Fund, EnCap Flatrock Midstream and Targeted Technology Fund.

### How many investors based in San Antonio are there?

104 are on record. 2% made an investment in the last 12 months and 3% have led a round.

### Which stages do investors based in San Antonio back?

Of the rounds with a named stage in the last 12 months, mostly Seed (63%) and Pre-seed (25%).

### How big are the rounds investors based in San Antonio join?

The typical (median) round among the leading investors here is $7.8M.

### Which sectors do investors based in San Antonio back most?

In the last 12 months, mostly AI, Big Data & Analytics and Biotech.

### Which investors based in San Antonio lead the most rounds?

Active Capital (3 led), Geekdom Fund (1 led) and Alamo Angels (1 led).

### What have investors based in San Antonio invested in recently?

Recent rounds include Aformic (Seed, Nov 2026, with Alamo Angels), Freyya Inc. (Pre-seed, Sept 2026, with Alamo Angels) and Handraise (Seed, Sept 2026, with Active Capital).

### How is this list of investors based in San Antonio ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)
