Activate Capital
VC · San Francisco · United States
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Profile
Activate Capital is a growth-equity investor based in San Francisco, founded in 2017 by Managing Partners Anup Jacob, David Lincoln, and Raj Atluru. The firm focuses on the technology backbone of energy, critical infrastructure, and industrial systems. The senior investing team includes Eric Meyer, Jon Guerster, and Paul Jordan, supported by a dedicated team of principals, vice presidents, and a portfolio-operations function. Activate distinguishes itself by backing businesses with real commercial traction rather than pre-revenue science projects. Activate invests in sectors including energy technology, critical infrastructure, and industrial systems. Typical check sizes are in the growth-stage range, with a regional focus on North America and Europe. As of the Fund III close, Activate manages over $1 billion in assets. The firm prioritizes long-standing investors and targets revenue-generating companies with commercial traction. Notable investments include Crusoe, Enpal, Generate Capital, Aerones, Flexe, Altana AI, and Infravision. These companies span AI infrastructure, solar energy, sustainable infrastructure, and supply-chain intelligence, underlining Activate's focus on commercially viable, strategic infrastructure solutions.
Contacts (2)
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