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Investors / Australia / ACTivate Capital

ACTivate Capital

Venture capital · Canberra, Australia · Asia Pacific

activatecapital.com.auTakes pitches from founders

ACTivate Capital is a Canberra-focused venture fund that provides pre-seed, seed and series-A investment to local startups. It evolved from the Epicorp incubator and ANU Connect Ventures, and is backed by the ACT Government as an initial limited partner.

Invests inAI & Machine LearningIndustrial & ManufacturingEducation

In its own wordscanberradeep techresearch commercialisationimpactgovernment-backed

Your fit with ACTivate Capital

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16portfolio companies
17funding rounds on record5 led
7rounds, last 12 months
$20M to $100Mtypical round it comes in at
Series Amost frequent entry
ESVCLP registered with capitallatest fund2025

ACTivate Capital lists 16 checked portfolio companies on its own site and is named in 17 funding rounds, 5 of them as lead. Its most frequent entry is Series A, 38% of the companies with a known first round. Its largest themes are AI & Machine Learning (20%), Industrial & Manufacturing (17%) and Education (17%). 88% of its companies are based in United States. It invests most often alongside Activate Capital, Spark Capital and Activant Capital.

Counts come from funding rounds that name ACTivate Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.

Entry stage

share of companies by the stage of its first round
Show as a table
Share of companies by the stage of the firm's first round
Value
Pre-seed0%
Seed13%
Series A38%
Series B13%
Growth38%

Activity by year

rounds it joined, last 10 years
Show as a table
Funding rounds per year
TotalRounds it led
'1700
'1800
'1900
'2000
'2100
'2200
'2300
'2400
'25114
'2661

Investor profile

percentile among all firms
Portfolio size: 16 companiesRecent activity: 7 rounds in 12 monthsEarly stage: 13% of entries at pre-seed or seedEvidence: 0% of companies confirmed by a roundSector focus: 20% in its largest sectorReach: 3 countriesPortfolio size42th pctRecent activity91th pctEarly stage55th pctEvidence52th pctSector focus17th pctReach58th pct
This firmMedian of all firms
Show as a table
ACTivate Capital compared with all firms
MeasurePercentile of all firmsValue
Portfolio size42th16 companies
Recent activity91th7 rounds in 12 months
Early stage55th13% of entries at pre-seed or seed
Evidence52th0% of companies confirmed by a round
Sector focus17th20% in its largest sector
Reach58th3 countries

Investment themes

share of its checked companies

This firmAll checked companies

Show as a table
Investment themes
This firmAll checked companies
AI & Machine Learning20%18%
Industrial & Manufacturing17%7%
Education17%7%
Fintech10%12%
Space & Defense7%3%
E-commerce & Marketplaces7%6%
Real Estate & Construction7%3%
Robotics & Hardware3%1%

Invests most often with

firms sharing its portfolio companies
Show as a table
Co-investors
Share
Activate Capital9
Spark Capital4
Activant Capital3
Eclipse3
Lowercarbon Capital3
Salesforce Ventures3
Air Street Capital2
Climate Investment2

All co-investors

Its portfolio companies

where they are based, and what their own sites show

Headquarters

Site status

  • Site answers1594%
  • No longer answers00%
  • Points to another company16%
  • Parked or sold domain00%

A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.

Co-investor network

who it backs companies with, and who they back together
7 shared companies7 shared companies6 shared companies5 shared companies5 shared companies5 shared companies5 shared companies4 shared companies4 shared companies4 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies3 shared companies2 shared companies2 shared companies2 shared companies2 shared companiesActivate Capital: 9 shared companiesActivate Capital9Spark Capital: 4 shared companiesSpark Capital4Activant Capital: 3 shared companiesActivant Capital3Eclipse: 3 shared companiesEclipse3Lowercarbon Capital: 3 shared companiesLowercarbon Capital3Salesforce Ventures: 3 shared companiesSalesforce Ventures3Air Street Capital: 2 shared companiesAir Street Capital2Climate Investment: 2 shared companiesClimate Investment2Decarbonization Partners: 2 shared companiesDecarbonization Partn…2Long Journey Ventures: 2 shared companiesLong Journey Ventures2Radical Ventures: 2 shared companiesRadical Ventures2Ribbit: 2 shared companiesRibbit2
Shared portfolio companies with ACTivate CapitalFirms that also back companies together

All co-investors or Compare portfolios with Activate Capital

Compare ACTivate Capital head to head

portfolio size, rounds, entry stages, themes and the companies both back

Three or more firms at once: portfolio overlap.

Funds

from public registers and its site
ACTivate CAPITAL, LP2025 · ESVCLP registered with capital, business.gov.au

Recent portfolio activity

when companies last raised with ACTivate Capital
DateCompanyStage
8 Oct 2026Voltusvoltus.coSeries C+ Led
16 Sept 2026Runerune.energySeries A
1 Sept 2026Lightpoweredbylight.comSeries A
18 Aug 2026SEITECseitec.com.auSeed
30 Jul 2026Antoraantoraenergy.comSeries C+
20 Jan 2026Jetson Homejetsonhome.comSeries A
20 Nov 2025Stuutstuut.aiSeries A
27 Oct 2025XNRGY Climate Systemsxnrgy.comSeries B

Round details for ACTivate Capital

Amounts, full round histories and every co-investor in ACTivate Capital's rounds are on Fundup AI. VCinfo covers investors and their portfolios.

See rounds on Fundup AI →

Portfolio

16 companies checked against their own sites
CompanyWhat it doesThemesFirst round with itEvidence
Aeronesaerones.com · LatviaAerones provides robotic wind turbine inspection and maintenance services
Robotics & HardwareSpace & Defense
Jun 2025Series C+Funding round
Antoraantoraenergy.com · United StatesAntora develops and deploys thermal battery storage systems for industrial heat and power
Industrial & ManufacturingEducation
Jul 2026Series C+Funding round
CallidusAIcallidusai.com · United States
Legal & Compliance
Jul 2025RoundFunding round
Cardlesscardless.com · United StatesCardless provides technology, operations, and infrastructure for companies to create and manage their own credit card programs.
FintechE-commerce & Marketplaces
Sept 2025Series C+Funding round
Crusoecrusoe.ai · United StatesThe company provides cloud-based artificial intelligence infrastructure and services
AI & Machine LearningCybersecurity
Oct 2025Series C+Funding round
Ekhoekho.com · United StatesEkho provides a vehicle commerce platform that automates transactions and uses AI sales agents to manage leads
E-commerce & MarketplacesAI & Machine Learning
Jul 2025Series AFunding round
Jetson Homejetsonhome.com · United StatesJetson Home installs and manages intelligent systems for heating, hot water, and electric vehicle charging in homes.
EducationIndustrial & Manufacturing
Jan 2026Series AFunding round
Kin Insurancekin.com · United StatesKin Insurance provides home and auto insurance services, including homeowners, condo, landlord, and flood insurance, as well as mortgage and refinancing options.
FintechReal Estate & Construction
Sept 2025Series C+Funding round
Muon Spacemuonspace.com · United StatesMuon Space designs, builds, and operates high-performance satellite constellations
Space & Defense
Jun 2025Series BFunding round
Lightpoweredbylight.com · United StatesThe company provides an embedded electricity platform for other companies to offer their own electricity plans and manage energy-related services
EducationReal Estate & Construction
Sept 2026Series AFunding round
Runerune.energy · United StatesThe company provides computing services using solar power at the point of generation
EducationIndustrial & Manufacturing
Sept 2026Series AFunding round
SEITECseitec.com.au · AustraliaSeitec develops and provides passive seismic sensing technology for detection and tracking purposes
AI & Machine LearningAI & Machine Learning
Aug 2026SeedFunding round
Stuutstuut.ai · United StatesStuut.ai provides an AI-powered platform to automate order-to-cash processes for businesses
FintechAI & Machine Learning
Nov 2025Series AFunding round
Ardent AI Labs, Inc.tryardent.com · United StatesArdent AI Labs, Inc. creates copies of Postgres databases for coding agents to verify their code works in production.
AI & Machine LearningDeveloper Tools
Sept 2025SeedFunding round
Voltusvoltus.co · United StatesVoltus operates a virtual power plant and provides a distributed energy resource technology platform
EducationIndustrial & Manufacturing
Oct 2026Series C+Funding round
XNRGY Climate Systemsxnrgy.com · United StatesXNRGY Climate Systems specializes in thermal management for data centers, healthcare, clean rooms, and life sciences.
Healthcare & BiotechIndustrial & Manufacturing
Oct 2025Series BFunding round

About this data

site last read 7 Nov 2026
The homepage of ACTivate Capital, as last read
activatecapital.com.au as VCinfo last read it
Site
activatecapital.com.au
Last read
7 Nov 2026
Watching since
7 Nov 2026
Rounds since
1 Jun 2025
Companies checked
16

Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.

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