Activate Capital

San Francisco-based Activate Capital is a growth-stage venture capital firm that invests in companies transforming energy, mobility, and industrial systems to address climate change. The firm provides $10 million to $30 million in equity funding to advanced technology innovators operating from the Series B to pre-IPO stages. As of 2022, the organization manages $657 million in total assets under management, supported by a 22-person team that closed its second flagship fund at a $500 million hard cap. The firm has completed 22 investments across various sectors spanning transportation, logistics, and cybersecurity, with its portfolio companies raising over $4 billion in total equity. These investments feature recognizable sustainable infrastructure and digital manufacturing companies such as Generate Capital, Stem, Voltus, and Fictiv. Activate Capital was founded in 2017 by managing partners Raj Atluru, David Lincoln, and Anup Jacob.