Tag: Active Capital

Clean Energy Generator and Two Biomedical Devices Declared Winners at UTSA CITE Competition
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Clean Energy Generator and Two Biomedical Devices Declared Winners at UTSA CITE Competition

A clean energy generator, a video-aided laryngoscope, and a cooling prosthetic socket caught the attention of judges at The University of Texas at San Antonio (UTSA) venture competition Tuesday. EnVault, the student team that created a zero-emissions portable generator, won the top prize at UTSA's $100,000 Student Technology Venture Competition. UTSA's Center for Innovation, Technology and Entrepreneurship (CITE) hosts the annual competition to give students hands-on experience as early-stage entrepreneurs. CITE is an interdisciplinary center in UTSA's Colleges of Business and Engineering formed in 2007 to create a pipeline for UTSA faculty, students and the surrounding business community to develop new technology ventures.  The top three teams will have access to a prize pool of more t...
Cliently Scores $1M Seed Round from Active Capital, Moves to San Antonio
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Cliently Scores $1M Seed Round from Active Capital, Moves to San Antonio

One San Antonio-based venture capital firm is living up to its name, investing actively in promising business to business (B2B) software as a service (SaaS) startups which in this case, has lead to a promising company relocating to San Antonio. Cliently announced Tuesday its $1M million seed funding round led by Active Capital with participation from the Altair Capital Management company based in Tel Aviv, Israel. This most recent round is Cliently’s largest to date, having raised $500,000 previously. Active Capital’s investments include software businesses across the U.S. led by founders offering B2B services such as cloud computing, sales generation, and accounting technology Cliently chief executive officer (CEO) Spencer Farber launched the company to provide businesses an automat...
UTSA Startup Grind to Feature Active Capital and FunnelAI
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UTSA Startup Grind to Feature Active Capital and FunnelAI

Startup Grind UTSA will host its fireside chat April 24 at 6:30 p.m. with guest speakers Cat Dizon, co-founder and partner at venture capital firm Active Capital talking with the co-founders of artificial intelligence (AI) startup FunnelAI, Sridhar Kamma and Sujatha Kamma. The event takes place at the university’s College of Business. Register for a free ticket here. FunnelAI announced March 27 that it received a $1.5 million seed round led by the San Antonio based venture capital firm Active Capital. The investment included funding from the Geekdom Fund, Europe-based retail and consumer investor True, and angel investors from San Antonio and Houston. Read more: Active Capital-Led $1.5M Funding, Workforce Grant Fuels Growth for FunnelAI Sridhar Kamma created the first automated sa...
Active Capital Leads $1.8M Seed Round for Startup Back Office
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Active Capital Leads $1.8M Seed Round for Startup Back Office

Back Office, the automated bookkeeping platform for small businesses, announced a new $1.8 million seed funding round led by venture capital firm Active Capital. Other early-stage investors include 500 Fintech, PlugNPlay Ventures, and angel investors from San Francisco, New York, Florida, and Boston. Active Capital is headquartered in San Antonio, Texas and invests in (B2B) software as a service (SaaS) companies in cities across the U.S. Co-founders Felix Rodriguez, Glennys Rodriguez, and Edwin Mejia launched Back Office in January 2018 to help businesses automate their accounting and finance operations. Based in West Palm Beach, Florida, the emerging B2B SaaS company recently graduated from 500 Startups, a Silicon Valley-based seed accelerator. Back Office was one of 20 companies ou...
Active Capital Leads $1.75M Seed Round for Software Startup Cloudsnap
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Active Capital Leads $1.75M Seed Round for Software Startup Cloudsnap

A fast-growing Austin-based startup quietly operating since last summer has captured the attention of one San Antonio-based venture firm. Software company Cloudsnap announced Wednesday that Active Capital, which invests in early-stage software-as-a-service (SaaS) startups, is leading its $1.75 million seed round. Cloudsnap offers mid-sized companies a cloud-computing Platform as a Service (PaaS) system.  Their platform automates the secure transfer of data between third-party software applications and a company's enterprise resource planning or ERP business process management software. Companies use their ERP software to manage and integrate their financial data, supply chain, operations, reporting, manufacturing, and human resource activities across a business. Active Capital's inve...
Active Capital Raises Over $21 Million Leading Seed Rounds for 20 B2B SaaS Startups
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Active Capital Raises Over $21 Million Leading Seed Rounds for 20 B2B SaaS Startups

In less than two years, venture capital firm Active Capital has raised over $21 million for 20 founder-led companies in the business-to-business (B2B) software as a service (SaaS) market. The San Antonio-based firm’s portfolio has two companies operating in stealth mode, five startups from San Antonio including FunnelAI and Flightpath Finance, and five based in Austin, including Pingboard. The remaining companies are located in mostly metropolitan areas across the U.S. Read more: San Antonio Venture Firm Active Capital Leads Funding for Pingboard Pat Matthews is the founder of Active Capital, as well as an entrepreneur and an angel investor in more than 50 startup companies. He raised $21.5 million over the past 18 months so Active Capital could lead seed rounds for the founder-led B...
San Antonio Venture Firm Active Capital Leads Funding for Pingboard
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San Antonio Venture Firm Active Capital Leads Funding for Pingboard

Pingboard, a business to business (B2B) Software as a Service (SaaS) company, announced its latest $5 million round of seed funding led by Active Capital. The San Antonio-based venture firm is focused on leading seed rounds for founder-led, B2B SaaS companies. Pat Matthews, founder and CEO of Webmail.us which was acquired by Rackspace in 2007, decided to launch Active Capital in 2016. This is Active Capital’s 10th deal to date. Other deals have been with startups located in cities across the U.S. like Super Dispatch in Kansas City, which automates software workflows and payments for the trucking industry. Bill Boebel and Rob Eanes founded Austin-based Pingboard in 2013 when they incubated the concept at the Capital Factory. Pingboard’s software is used to create and maintain changing...