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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.
Min check size
$1M
Max check size
$5M
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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.
Lead investor
Co Invest
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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

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