Fund profile / United States

Activate Capital Fund III

Geography: United States
Stage: Growth
Fund size: USD
Focus
Signals: Published

N°01 / About

About Activate Capital Fund III

San Francisco growth-equity firm (founded 2017) closed its third fund, pushing past $1B AUM. Backs the technology backbone of energy, critical infrastructure and industrial systems; Fund III's 10 companies already generate $3B+ cumulative revenue. Re-up-driven close. GPs Raj Atluru, David Lincoln, Anup Jacob.

N°02 / Thesis

Investment Focus

Location / RegionUnited States

Funding StageGrowth

Industry Focus

Investor Signals Profile

active

Sweet Spot

Energy founders with API platforms, 10x growth, syndication-ready

energy

critical infrastructure

industrial tech

growth equity

climate

technology backbone

embedded energy platforms

Bullish Signals

Fund III closed, $1B+ AUM milestoneLinkedIn

10 portfolio companies, $3B+ cumulative revenueLinkedIn

Strong repeat institutional investor base since inceptionLinkedIn

Joined All Aboard Coalition for climate scalingLinkedIn

Partnered with G2 Venture, Lightrock on syndicationLinkedIn

Light Series A co-lead with Matrix, $46M roundLinkedIn

Portfolio company 10x YoY revenue, $100M+ cap baseLinkedIn

Contrarian Signals

No contrarian signals recorded.

Founder Do's

Build tech backbone for energy/industrial systems

Target $300M+ revenue scale potential

Partner with repeat institutional investors

Join All Aboard Coalition or similar syndicates

Leverage strong investor network for growth stage

API-first platforms solving regulatory complexity

Founder Don'ts

Avoid solo investor rounds—syndication critical

Don't pursue non-climate tech infrastructure

Avoid commodity-only electricity offerings

21 signals on Activate Capital Fund III

7 bullish · 6 pitch do's · 3 don'ts · 5 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund SizeUSD

Saves0

Website

People

Key People

Raj Atluru, David Lincoln, Anup Jacob

Brook PorterPartner

Ben KortlangPartner

David MountPartner

Daniel OrosPartner

Zach BaraszPartner

Backers

Known LPs

Aravind SrinivasIndividual / Angel

Bhavin TurakhiaIndividual / Angel

Ronnie ScrewvalaIndividual / Angel

+4 more LPs in LP Radar

N°04 / See also

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