The Venture Codex Logo

The Venture Codex

Active Capital

454 Soledad St Ste 100, San Antonio, Texas, 78205, United States

Overview

Venture firm leading seed rounds for B2B and SaaS companies.

Founded

2017

Deals · 12mo

5

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

United States

Sector focus

Finance
Financial Services
Software
Venture Capital

Investment portfolio

48rounds
NAMEDATESIZE
ZeroDrift
Jun 2026Participated
$10 MSeed
Dreambase
Apr 2026Participated
$4 MSeed
Schematic
Apr 2026Participated
$7 MOther Equity
Slang
Feb 2026Participated
$36 MSeries B
Ex Nunc Intelligence
Jan 2026Participated
$2 MSeed
Ardent AI
Sep 2025Participated
$2 MSeed
CallidusAI
Jul 2025Participated
$10 MSeed
Schematic
Sep 2024Participated
$5 MSeed
finally
Feb 2024Participated
$10 MOther Equity
Handraise
Nov 2023Participated
$6 MSeed
Betterleap
Sep 2023Participated
$13 MSeed
Slang
Jul 2023Participated
$20 MSeries A
ZeroDrift
Jun 2026Participated
$10 MSeed
Dreambase
Apr 2026Participated
$4 MSeed
Schematic
Apr 2026Participated
$7 MOther Equity
Slang
Feb 2026Participated
$36 MSeries B
Ex Nunc Intelligence
Jan 2026Participated
$2 MSeed
Ardent AI
Sep 2025Participated
$2 MSeed
CallidusAI
Jul 2025Participated
$10 MSeed
Schematic
Sep 2024Participated
$5 MSeed
finally
Feb 2024Participated
$10 MOther Equity
Handraise
Nov 2023Participated
$6 MSeed
Betterleap
Sep 2023Participated
$13 MSeed
Slang
Jul 2023Participated
$20 MSeries A
48
Items
...
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Active Capital: 48 funding rounds are recorded in the selected participation categories.All available history.
Active Capital: 48 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1219
Series A04
Series B02
Other Equity47

Monthly Deal Activity

Active Capital: 48 deals are recorded across 111 months.All available history.
Active Capital: 48 deals are recorded across 111 months. All available history
MonthDeals
Aug '172
Sep '170
Oct '170
Nov '170
Dec '171
Jan '180
Feb '180
Mar '180
Apr '180
May '181
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '181
Dec '180
Jan '190
Feb '190
Mar '192
Apr '192
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '192
Nov '190
Dec '190
Jan '201
Feb '201
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '201
Sep '200
Oct '201
Nov '204
Dec '202
Jan '210
Feb '210
Mar '211
Apr '212
May '211
Jun '210
Jul '211
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '220
Mar '221
Apr '221
May '220
Jun '222
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '232
Mar '231
Apr '230
May '231
Jun '230
Jul '231
Aug '230
Sep '231
Oct '230
Nov '231
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '261
Feb '261
Mar '260
Apr '262
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Active Capital: Enterprise Software is the largest displayed sector by deal count (22 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.

Active Capital: Enterprise Software is the largest displayed sector by deal count (22 deals). All available history
SectorDeals
Enterprise Software22
Networks, Cloud & Communication19
Professional Services14
AI & Machine Learning11
Data, Analytics & IT10
Marketing & Advertising9
Cybersecurity & Privacy7
Fintech6
Media & Entertainment6
Developer Tools5
Hardware & Robotics4
Travel & Hospitality2
E-Commerce & Retail1
Space & Frontier Tech1
Consumer & Lifestyle1
Crypto & Blockchain1
Health & Life Sciences1
Social & Community Platforms1

Deal Size Distribution

Active Capital: 48 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.

Active Capital: 48 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M30
$5M-$10M7
$10M-$25M8
$25M-$50M1
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Active Capital: United States has the largest recorded deal count among the displayed regions (41 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Active Capital: United States has the largest recorded deal count among the displayed regions (41 deals). All available history
RegionDeals
United States41
Europe5
750701
United Arab Emirates1
Active Capital: 20 co-investors are shown, with Capital Factory sharing 5 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.

Active Capital: 20 co-investors are shown, with Capital Factory sharing 5 recorded deals. All available history
Co-investorShared deals
Capital Factory5
Silverton Partners4
Hustle Fund3
Underscore VC3
500 Fintech2
Accel2
Bessemer Venture Partners2
Collide Capital2
Fathom Capital2
Fuel Capital2
Homebrew2
Hyde Park Venture Partners2
Ingram Content Group2
Madrona Venture Group2
Mercury Fund2
MHS Capital2
NextView Ventures2
PeakSpan Capital2
Rain Capital2
Right Side Capital Management2

Investment Strategy

Active Capital: Led accounts for 33% and participating for 67% of round participation.All available history.
Active Capital: Led accounts for 33% and participating for 67% of round participation. All available history
CategoryDeals (count)Share (%)
Led1633%
Participating3267%
Active Capital: Single-lead accounts for 81% and co-led for 19% of lead dynamics.All available history.
Active Capital: Single-lead accounts for 81% and co-led for 19% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1381%
Co-led319%

Team

Cat Dizon

Co-founder & COO

Chris Saum

Operating Partner

Pat Condon

Partner & Board Director

Pat Matthews

Founder & CEO