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The Venture Codex

Activate Capital

62 Fitzwilliam Square, Dublin, Dublin 2, D02 FH21, Ireland

Overview

Provider of residential development finance.

Founded

2015

Deals ยท 12mo

11

Links

WebsiteLinkedIn

Stage focus

Series B
Series C

Geographic focus

Germany
The Netherlands
United States

Sector focus

Financial Services

Investment portfolio

51rounds
NAMEDATESIZE
Voltus
Oct 2026Led
$225 MSeries D
Rune
Sep 2026Participated
$40 MSeries A
Light
Sep 2026Participated
$46 MSeries A
Muon Space
Aug 2026Participated
$250 MSeries C
Seitec
Aug 2026Participated
$3 MSeed
Antora Energy
Jul 2026Participated
$550 MSeries C
Starfish Space
Apr 2026Led
$100 MSeries B
Lunar Energy
Feb 2026Led
$232 MSeries C
Jetson
Jan 2026Participated
$50 MSeries A
Infravision
Nov 2025Participated
$91 MSeries B
Crusoe Energy Systems
Oct 2025Participated
$1.4 BSeries E
Kin Insurance
Sep 2025Led
$250 MDebt
Voltus
Oct 2026Led
$225 MSeries D
Rune
Sep 2026Participated
$40 MSeries A
Light
Sep 2026Participated
$46 MSeries A
Muon Space
Aug 2026Participated
$250 MSeries C
Seitec
Aug 2026Participated
$3 MSeed
Antora Energy
Jul 2026Participated
$550 MSeries C
Starfish Space
Apr 2026Led
$100 MSeries B
Lunar Energy
Feb 2026Led
$232 MSeries C
Jetson
Jan 2026Participated
$50 MSeries A
Infravision
Nov 2025Participated
$91 MSeries B
Crusoe Energy Systems
Oct 2025Participated
$1.4 BSeries E
Kin Insurance
Sep 2025Led
$250 MDebt
51
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Insights

Time horizon

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Deal Distribution

Activate Capital: 51 funding rounds are recorded in the selected participation categories.All available history.
Activate Capital: 51 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed01
Series A03
Series B86
Series C+812
Other Equity65
Debt11

Monthly Deal Activity

Activate Capital: 51 deals are recorded across 106 months.All available history.
Activate Capital: 51 deals are recorded across 106 months. All available history
MonthDeals
Jan '181
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '181
Aug '180
Sep '180
Oct '180
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '192
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '202
Sep '200
Oct '200
Nov '200
Dec '202
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '210
Aug '210
Sep '212
Oct '210
Nov '210
Dec '211
Jan '221
Feb '220
Mar '220
Apr '221
May '221
Jun '220
Jul '223
Aug '220
Sep '220
Oct '221
Nov '223
Dec '220
Jan '231
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '241
Mar '241
Apr '240
May '240
Jun '240
Jul '242
Aug '241
Sep '240
Oct '240
Nov '241
Dec '241
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '253
Jul '250
Aug '250
Sep '251
Oct '251
Nov '251
Dec '250
Jan '261
Feb '261
Mar '260
Apr '261
May '260
Jun '260
Jul '261
Aug '262
Sep '262
Oct '261

Sector Breakdown

Activate Capital: Clean Energy & Sustainability is the largest displayed sector by deal count (21 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Activate Capital: Clean Energy & Sustainability is the largest displayed sector by deal count (21 deals). All available history
SectorDeals
Clean Energy & Sustainability21
Enterprise Software13
Transportation & Logistics13
Networks, Cloud & Communication9
Data, Analytics & IT8
Space & Frontier Tech8
Real Estate & Construction7
Professional Services7
Manufacturing6
Hardware & Robotics5
AI & Machine Learning5
Cybersecurity & Privacy4
E-Commerce & Retail4
Fintech4
Government & Defense2
Media & Entertainment2
Education & Workforce1
Marketing & Advertising1
Food & Agriculture1

Deal Size Distribution

Activate Capital: 51 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Activate Capital: 51 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M2
$5M-$10M1
$10M-$25M6
$25M-$50M13
$50M-$100M14
$100M-$250M11
$250M-$500M2
$500M-$1B1
$1B+1

Deals By Geography

Activate Capital: United States has the largest recorded deal count among the displayed regions (42 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Activate Capital: United States has the largest recorded deal count among the displayed regions (42 deals). All available history
RegionDeals
United States42
Europe6
Australia1
Canada1
India1
Activate Capital: 20 co-investors are shown, with Salesforce Ventures sharing 7 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Activate Capital: 20 co-investors are shown, with Salesforce Ventures sharing 7 recorded deals. All available history
Co-investorShared deals
Salesforce Ventures7
Congruent Ventures5
The Westly Group5
G2 Venture Partners4
Prologis Ventures4
Radical Ventures4
Tiger Global4
ACME Capital3
Ajax Strategies3
Blue Bear Capital3
BNP Paribas3
Costanoa Ventures3
Eclipse Ventures3
Emerson Collective3
Energy Impact Partners3
Expon Capital3
Floating Point3
Generation Investment Management3
Google Ventures3
Honeywell Ventures3

Investment Strategy

Activate Capital: Led accounts for 45% and participating for 55% of round participation.All available history.
Activate Capital: Led accounts for 45% and participating for 55% of round participation. All available history
CategoryDeals (count)Share (%)
Led2345%
Participating2855%
Activate Capital: Single-lead accounts for 57% and co-led for 43% of lead dynamics.All available history.
Activate Capital: Single-lead accounts for 57% and co-led for 43% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1357%
Co-led1043%

Team

Paddy McElligott

Head of Investment

Raj Atluru

Managing Partner

Robert Gallagher

Founder and CEO