Founder led capital for founder led companies.

Active Capital is a venture firm focused on leading seed rounds for B2B SaaS companies.

About Us

We are founders and operators investing in today's entrepreneurs.


Active Capital is the culmination of our life's work. As founders, we've built companies and cultures worth millions and billions. As investors, we've helped dozens of founders build great businesses with amazing potential. And as friends, we've had a lot of fun along the way.

We've designed Active Capital to lead seed rounds for B2B SaaS companies. We are based in Texas but will invest in founders across the US. We prefer companies that can get to market with very little capital and we believe we can best help founders once they start to grow.

Meet The Team

We met at Rackspace and have been working together ever since.


Pat Matthews

Pat Matthews

Founder & General Partner


Co-founder, Webmail.us. Grew to $10M in sales and sold to Rackspace in 2007. Six year Racker. Dozens of startup investments. Virginia Tech Hokie & father of one.

LinkedIn AngelList

Cat Dizon

Cat Dizon

Partner & COO


Operations leader, Rackspace. M&A operative focused on due diligence, post-merger integration, and growth businesses. UTSA Roadrunner & mother of one.

LinkedIn AngelList

Pat Condon

Pat Condon

Partner & Board Director


Co-founder, Rackspace. $2B in sales. IPO in 2008, $5B exit in 2016. Investor in Webmail.us, Freshbooks, Tenfold, and others. Trinity Tiger & father of four.

LinkedIn AngelList

“Think of us as the $100 to $500k check in your first or second seed round.”

Pat Matthews, Founder & General Partner

Investment Characteristics

These are the characteristics we look for in our investments.


Founder Led Companies

Founders with the ability and humility to learn, grow, and lead.

B2B Software

Software companies solving real problems for businesses.

Product 1.0

Early products that launch successfully with very little capital.

Recurring Revenue

Businesses with recurring revenue that's small, but growing fast.

Seed Stage

Companies raising a seed round for growth and expansion.

Emerging Tech Trends

...and how they merge into SaaS to create great outcomes.

Fund Investments

Active Capital is designed to lead seed rounds for B2B SaaS companies.


Saint Paul, MN

Atlanta, GA

New York, NY

Greensboro, NC

Baltimore, MD

Myrtle Beach, SC

Kansas City, KS

Sunnyvale, CA

Prior Investments

Prior to Active Capital, we invested in dozens of companies across a wide variety of industries.


acquired

Acquired by Rackspace

acquired

IPO in 2008

Toronto, ON

acquired

Acquired by SMULE

San Francisco, CA

acquired

Acquired by SCALEWORKS

acquired

Acquired by AeroFS

acquired

Acquired by BIGCOMMERCE

acquired

Acquired by BOOKER

San Antonio, TX

Boston, MA

San Antonio, TX

San Francisco, CA

Austin, TX

Austin, TX

acquired

Acquired by HOOTSUITE

San Antonio, TX

Austin, TX

San Francisco, CA

acquired

Acquired by HEB

Austin, TX

San Antonio, TX

Portland, OR

San Francisco, CA

acquired

Acquired by OPTIMIZELY

San Francisco, CA

San Francisco, CA

San Francisco, CA

Acquired by XO Group

Austin, TX

Austin, TX

Austin, TX