DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Activate Capital Partners
Activate Capital Partners
Institutional venture firmSan Francisco, CAactivatecp.comSEC venture capital fund adviserfundraising evidence
Activate Capital backs breakout technology companies across energy, industrial, and digital infrastructure.
venture manager, reported GAV $578M across 6 vehicles
Importance
44
elevated
Active deployment
90
high
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
29
moderate
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- 50 CALIFORNIA STREET, SUITE 2050, San Francisco, CA, 94111adviserinfo.sec.gov
- Business phone
- 650-930-0289adviserinfo.sec.gov
- Website
- https://activatecp.com/
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 31, 2026
- Private funds reported
- 6 (6 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.1Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Anup M. Jacob Revocable Trust (Managing Partner), C; Activate Capital GP, LLC (General Partner), NA; The 2004 Buckley Atluru Family Trust (Managing Partner), C
- business email
- investorrelations@activatecap.comactivatecap.compublished by the subject
- business phone
- 650-930-0289adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
33 observed deals
Stated (the firm’s website)
- Sectors
- energy
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 82%Other Technology 9%Other 6%Other Energy 3%
lead rate n/afollow-on rate n/anew logos, 12 months 33
Funds and vehicles
6 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Activate Capital Partners III, LP | Fund | 2024 form d first sale | Fundraising | unknown | unknown | $186M of $500M | Oct 1, 2025 |
| ACP II Executive, LP | Fund | 2023 adv first reported | Active deployment | $6.6M Jun 24, 2024 | 21 | $0 | Oct 3, 2022 |
| Activate Capital Partners II, LP | Fund | 2022 adv first reported | Active deployment | $406M Jun 24, 2024 | 73 | $0 of $300M | Oct 21, 2021 |
| Activate Capital Partners, LP | Fund | unknown | Unknown | $166M Jun 24, 2024 | 37 | $0 of $300M | Jan 12, 2018 |
| ACP Kin SPV, LP | SPV or co-invest vehicle | unknown | Fundraising | unknown | unknown | $0 | Aug 15, 2025 |
| ACP Omnidian Spv, LP | SPV or co-invest vehicle | unknown | Unknown | unknown | unknown | $0 | Mar 3, 2025 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
21 current, 2 departed
Nicole Wilkinson
AssociateAssociate
Anup Mohan Jacob
Board or advisoryTrustee · since Jul 1, 2022
Melissa Anne Buckley
Board or advisoryTrustee Of The 2004 Buckley Atluru Family Trust · since Jan 1, 2018
Rajesh Atluru
Board or advisoryTrustee Of The 2004 Buckley Atluru Family Trust · since Jan 1, 2018
Anup Jacob
Managing partnerManaging Partner
David Francis Lincoln
Managing partnerManaging Partner · since Jan 1, 2018
David Lincoln
Managing partnerManaging Partner
Raj Atluru
Managing partnerManaging Partner
Eric Meyer
PartnerPartner
Jon Guerster
PartnerPartner
Paul Jordan
PartnerPartner
Anna Nitschke
Platform and operationsCOO & CFO
Anna Rosa Nitschke
Platform and operationsCoo · since Jun 1, 2023
Asheley Kosinski
Platform and operationsExecutive Assistant & Office Manager
Karina Diaz
Platform and operationsAccounting Manager
Neil Chin
Platform and operationsPortfolio Operations Analyst
Nenita Soper
Platform and operationsDirector of Finance
Patti Szczepaniak
Platform and operationsChief Administrative Officer
Emma Bell
PrincipalPrincipal
Caroline Chick
Vice presidentVice President
Leila Martin
Vice presidentVice President
2 departed (kept with end dates)
- Michael Derosa · Managing Director · Jan 1, 2018 to Mar 31, 2020 Inference
- Phyllis Reid · Director Of Finance · Aug 1, 2018 to Jun 24, 2024 Inference
Investments on record
33 edges, 33 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
40 relationships from shared deals, counted for the whole firm
Westly Group 5 shared · strongDenver Angels 2 shared · recurringCongruent Management, LLC 2 shared · recurringSavano Direct Capital Partners, LLC 2 shared · recurringAIR Street Capital II LP 2 shared · recurringRadical Ventures 2 shared · recurringYouTube 1 shared · one timeMCJ Venture Management 1 shared · one timeAvenir Management Company, LLC 1 shared · one timeService Provider Capital 1 shared · one timeWorking Capital 1 shared · one timeFika Ventures 1 shared · one timeNightdragon Management Company, LLC 1 shared · one timeActivate Capital 1 shared · one time · they led 1HV Capital 1 shared · one timeGreatpoint Investment Management, LLC 1 shared · one timeHack Vc Management, LLC 1 shared · one timeHOF Capital 1 shared · one timeAlleycorp Advisers, LLC 1 shared · one timeFM Capital 1 shared · one timeFusion Fund Silicon Valley LLC 1 shared · one timeCollaborative Fund Management LLC 1 shared · one timeTransform Capital 1 shared · one timeAlkeon Capital Management, LLC 1 shared · one timeLeap Global Partners 1 shared · one timeRigel Star Global Ltd. 1 shared · one timeIA Capital Group, Inc. 1 shared · one timeMadrona Venture Group, LLC 1 shared · one timePoint72 Ventures 1 shared · one time · they led 1Matrix 1 shared · one timeCity Light Capital Management III, LLC 1 shared · one timeSpace Angels 1 shared · one timeSeedcamp Investment Management LLP 1 shared · one time137 Ventures Management, LLC 1 shared · one timeSouth Park Commons Management 1 shared · one timeLG Technology Ventures 1 shared · one timeGrotech Management Company 1 shared · one timeBlue Bear Investment Group, LLC 1 shared · one timeMK Capital Company 1 shared · one timeBenchmark 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
8 dated events
- Sep 16, 2026Series A no longer listed on Activate Capital Partners's portfolio pageRemoved from portfolio pagePortfolioInferenceSeries AVenture organization websites (about, team, portfolio, thesis, news pages)
- Jun 24, 2024Phyllis Reid (Director Of Finance) no longer on Schedule A of Activate Capital Partners
- Jun 1, 2023Anna Rosa Nitschke joined Schedule A of Activate Capital Partners as Coo
- Mar 30, 2023ACP II Executive, LP first reported on Form ADV by Activate Capital Partners (Venture Capital Fund), GAV $3,694,342Fund first reported on Form ADVFundsFactACP II Executive, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2022Activate Capital Partners II, LP first reported on Form ADV by Activate Capital Partners (Venture Capital Fund), GAV $89,319,488Fund first reported on Form ADVFundsFactActivate Capital Partners II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2020Michael Derosa (Managing Director) no longer on Schedule A of Activate Capital Partners
- Jan 7, 2020Activate Capital Partners first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 7, 2020Activate Capital Partners, LP first reported on Form ADV by Activate Capital Partners (Venture Capital Fund), GAV $109,182,309Fund first reported on Form ADVFundsFactActivate Capital Partners, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $578M across 6 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $578M across 4 vehicles
Evidence
49 observations from 3 sources