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 founder led, 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 & 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

“Think of us as the $500k check in your million dollar seed round.”

Pat Matthews, Founder & CEO


(We’ll also invest 100k in pre-seed and up to 1 million in seed.)

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.

Software-as-a-Service

B2B SaaS companies solving real problems for businesses.

Seed… or Pre-Seed

We are designed to lead the seed but will participate in pre-seed.

Real Traction, Less Capital

Founders that make lots of progress without lots of capital.

Recurring Revenue

Monthly recurring revenue that might be small, but growing fast.

Outside the Valley

We love founders building great companies in underdog cities.

Fund Investments

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


Austin

San Francisco

New York

Salt Lake City

West Palm Beach

San Antonio

Austin

Alexandria

Baltimore

San Antonio

Austin

Atlanta

Kansas City

Austin

New York

Austin

San Francisco

San Antonio

Austin

Acquired

Sunnyvale

San Antonio

Saint Paul


Prior Investments

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


Acquired

Blacksburg

Acquired

San Antonio

Toronto

Acquired

San Francisco

San Francisco

Acquired

San Francisco

Acquired

San Francisco

Acquired

Austin

Acquired

San Francisco

San Antonio

Boston

San Antonio

San Francisco

Austin

Austin

Acquired

San Francisco

San Antonio

Austin

San Francisco

Acquired

Austin

Austin

San Antonio

Acquired

Portland

San Francisco

Acquired

Austin

San Francisco

Acquired

San Francisco

San Francisco

Acquired

New York

Austin

Austin

Austin

San Antonio

Austin

Austin

Austin