Activate Capital

Activate Capital is a growth-stage venture capital firm dedicated to accelerating the sustainable, resilient transformation of the global economy. The firm partners with technology companies at their inflection point, led by exceptional entrepreneurs with ambitions to build category-defining platforms of the future. Founded in 2017, Activate Capital is led by general partners with over 100 years of combined experience investing and operating in energy and infrastructure technology companies. Over this time, the team has invested more than $1.5 billion into some of the leading companies in their sector: Tesla, SolarCity, SpaceX, Generate Capital, Stem, Ping Identity, TPI Composites, EnerNOC, Capstone Turbine, and AquaVenture. The firm invests primarily across the US and Europe and is backed by a world-class set of global investors.

Activate Capital focuses on the global megatrends transforming how we power, produce, move—and increasingly adapt—our global economic system in a more sustainable and resilient way. The firm invests in high-growth companies led by purpose-driven teams that are scaling the technologies necessary for a better future. Their approach centers on the belief that large-scale, climate and technology-driven shifts are underway, transforming how we power, produce, and move economic activity. They believe that this sustainability supercycle is contributing to the widespread disruption of global economic systems and represents a generational investment opportunity to rebuild core systems and infrastructure over the coming decades.

The firm is committed to building a sustainable firm for decades ahead, where diverse perspectives are actively sought. They believe building with people from a range of backgrounds and experiences makes them better partners to their investors and their companies. Activate Capital's mission drives them forward to back companies ready to scale, led by exceptional entrepreneurs with ambitions to build the category-defining platforms of the future. Their impact is evident in their portfolio companies, such as Tomorrow.io, a pioneering weather intelligence platform that revolutionizes global weather forecasting and helps fortify business operations against weather-related risks; Altana Technologies, which has built a first-of-its-kind platform—the Altana Atlas, the only intelligent, dynamic global supply chain map; and Crusoe Energy Systems, a vertically-integrated AI infrastructure platform to design, build and operate climate-aligned computing solutions.

Activate Capital's investment strategy is to back companies that are transforming markets with inspirational, aspirational, audacious, and persistent founders. These qualities define their founders and are required to build transformational companies of scale. The firm has a proven history of supporting their companies and CEOs, with more than 130 years of collective experience and deep knowledge of their sectors as both operators and investors. They are more than just investors—they are trusted partners with a focus on sustainable transformation, investing in high-growth companies led by purpose-driven teams.

In October 2022, Activate Capital closed Fund II with $500 million in committed capital, significantly above its target and raised in under a year. The fund received commitments from a diverse range of limited partners from across the US, Europe, and South America, including foundations, sovereign wealth funds, pension funds, family offices, strategic investors, and funds of funds. This expansion to include 30 leading institutional investors further endorses Activate's climate tech investment focus.

Activate Capital's portfolio includes companies such as Voltus, StreetLight Data, Element Analytics, KlearNow, Optimal Dynamics, Omnidian, Homee, Tomorrow.io, Sympower, and Altana Technologies. The firm primarily invests across the US and Europe and is backed by a world-class set of global investors. Their focus on sustainable transformation and their commitment to building a sustainable firm for decades ahead make them a leading venture capital firm in the sustainable, resilient transformation of the global economy.