Founder led capital for founder led companies.

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

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 outside of Silicon Valley. We are based in Texas but will invest all over. 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 & CEO

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

Co-Founder & COO

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

LinkedIn AngelList

Chris Saum

Chris Saum

Director of Business Development

Co-founder, MUD Geochemical. Acquired in 2016. 10+ investments while Partner at RealCo Long-Term Accelerator. 2016 Forbes 30 Under 30. Hook ’em Horns.

LinkedIn AngelList

Avery

Avery Keller

Executive Admin & Office Manager

Escrow Administrator & Receptionist, Chicago Title. Focused on operations and executive support. Current UTSA Roadrunner and native San Antonian.

LinkedIn AngelList

Pat Condon

Pat Condon

Board Partner

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


Investment Characteristics

These are some of the characteristics we look for in our investments.


Founder Led

Entrepreneurs with passion, grit, hustle, and humility.

B2B SaaS-ified

Enterprise software companies with recurring revenue.

Outside the Valley

Companies building in underdog cities all over.

Product Focused

Software products with user experiences that delight.

Growth Minded

Small today but growing fast and desire to grow faster.

Capital Efficient

Companies with lots of progress without lots of capital.

“We like to be a material part of the first million dollars into a business.”

Pat Matthews, Founder & CEO

Our Check Sizes

We write 100k to 1m checks depending on stage and round size.


Development Deals

Participating in Pre-Seed
Check Size: $100K - $250K
Rounds Size: $500K - $750K

Core Deals

Leading or Co-Leading the Seed
Check Size: $500k - $1.0M
Rounds Size: $1.0M - $2.0M

Follow-on Deals

Taking our Pro Rata
Invest up to $2.0M per company
Create SPVs for larger pro-rata

Fund Investments

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


Austin

San Francisco

New York

Salt Lake City

Austin

West Palm Beach

San Francisco

San Francisco

San Antonio

Portland

Austin

Alexandria

New York

Atlanta

New York

Edinburgh

Austin

Austin

Austin

Atlanta

Vancouver

Austin

New York

Austin

San Francisco

San Francisco

Austin

San Antonio

Acquired by Medallia

Sunnyvale

Kansas City

San Antonio

Boulder

Brooklyn

Lehi

Acquired by Paylocity

Saint Paul

Grand Rapids


Angel Investments

Prior to Active Capital, we were angel investors in dozens of startup companies. Below are some of the most relevant active investments in our angel portfolio:


San Francisco

San Francisco

San Francisco

San Francisco

San Antonio

San Francisco

Boston

San Antonio

Toronto

Austin

Austin

Austin