Activate
Status
ACTIVE
Global HQ
San Francisco, United States
Countries of investment
- United States
- Canada
- Netherlands
- United Kingdom
Investment stages
- Series B
- Series C
- Growth
Industries
- Climate tech
- Power & energy management
- Industrial production
- Mobility & logistics
- Climate adaptation & resilience
- IoT
- AI
About
Activate Capital is a San Francisco-based growth investor backing companies transforming the industrial economy through technology. Managing Partners Anup Jacob and David Lincoln lead a team drawn heavily from energy and infrastructure operating roles. The firm has raised more than $1.5 billion and its portfolio includes Voltus, StreetLight Data and Altana AI.
Activate Capital is a San Francisco-based growth investor backing companies transforming the industrial economy through technology. Managing Partners Anup Jacob and David Lincoln lead a team drawn heavily from energy and infrastructure operating roles. The firm has raised more than $1.5 billion and its portfolio includes Voltus, StreetLight Data and Altana AI.
Investment Thesis
Activate Capital invests at Series B through pre-IPO in the industrial economy's decarbonisation, targeting what it calls the missing middle of climate finance with $10–30M cheques. Its thesis spans power, industrial production, mobility and climate adaptation, the sectors driving roughly 90% of global emissions, and explicitly includes resilience and adaptation alongside mitigation.
Manager's Experience
San Francisco–based growth investor established in 2017 and led by Managing Partners Anup Jacob and David Lincoln, with a team drawn heavily from energy and infrastructure operating roles. Has raised more than $1.5 billion targeting what it calls the missing middle of climate finance — $10–30M cheques at Series B through pre-IPO into power, industrial production, mobility and climate adaptation, the sectors driving roughly 90% of global emissions. Portfolio includes Voltus, Element Analytics, StreetLight Data, Optimal Dynamics, Altana AI and Sympower.
Activate Contacts Information
Team
Anup Jacob-Managing Partner
David Lincoln-Managing Partner
Portfolio
Voltus
Element Analytics
StreetLight Data
Optimal Dynamics
Altana AI
Sympower