Tag: venture capital

Plus One Robotics Raises $33M for Expansion into Global Markets
Articles, Featured

Plus One Robotics Raises $33M for Expansion into Global Markets

Plus One Robotics, a San Antonio-based leading provider of vision software for logistics robots, closed a $33 million Series B funding round Tuesday. The funding will support Plus One’s ongoing expansion in the U.S. and Europe and product development driven by the global boom in e-commerce. McRock Capital, an industrial Internet of Things (IoT) fund and early-stage Silicon Valley venture capital firm TransLink Ventures, co-led the round. Existing investors joined automotive industry-focused BMW i Ventures and Kensington Capital Partners, along with innovation investors Perot Jain and Ironspring Ventures, to participate in the Series B round. Whitney Rockley of McRock Capital and Toshi Otani of TransLink will join Plus One's Board of Directors. The fundraising started just before t...
Active Capital Raises Over $25 Million for Second Startup Seed Fund
Articles, Featured

Active Capital Raises Over $25 Million for Second Startup Seed Fund

In an unprecedented year of economic downturn triggered by a pandemic, the San Antonio-based venture capital firm Active Capital has raised over $25 million to invest in the business-to-business (B2B) software as a service (SaaS) market. Pat Matthews, Active Capital's CEO, is an entrepreneur and angel investor in more than 50 startup companies. The venture firm raised $21.5 million over 18 months for its first fund in late 2018.  Matthews, along with co-founders Pat Condon and Cat Dizon, typically lead seed rounds for founder-led B2B SaaS companies based outside of Silicon Valley. The team mentors their portfolio founders as they grow their startups into sustainable businesses. At the beginning of 2020, Matthews had communicated with potential investors for Active Capital's second fu...
Anti-Dilution Provisions: Which One is Best for Founders?
Articles, Featured, Guest Posts

Anti-Dilution Provisions: Which One is Best for Founders?

Venture capital investors invest in startups in the hopes that later rounds of investment will increase the company’ valuation. As more investors invest, the percentage of the company that each investor owns decreases, an effect called dilution. As important as avoiding dilution is for an investor, specific provisions can impact on founder and employee ownership unfavorably. Why do investors ask for anti-dilution provisions? As long as subsequent investors invest at a higher price per share, the overall dollar value of the previous investments increases, even if their percent ownership decreases. But what if shares sold in later rounds of investment are sold at a lower price per share? In such a down round scenario, the earlier investors have a decrease in ownership and a reduc...
Look at Terms When Raising Money During the COVID-19 Pandemic
Articles, Featured, Guest Posts

Look at Terms When Raising Money During the COVID-19 Pandemic

For entrepreneurs raising money during the COVID-19 pandemic, lessons learned from previous recessions can provide guideposts on what to do now. As a venture capital (VC) lawyer since 2000, I see similarities from the aftermath of the 9/11 terrorist attacks in 2001, the collapse of the Dot.com bubble in 2002, and the 2008 recession after the collapse of Lehman Brothers. The previous financial crises occurred after a singular catastrophic event that temporarily halted most economic activity.  At the time, no one knew how society would change after 9/11 or how the banking industry would change after the fall of Lehman Brothers. Investors naturally reacted to this uncertainty by slowing down their activity. In the aftermath of the Dot.com bubble crash, VC financings in the U.S. d...
What’s Happening in Venture Capital? Local Investors Weigh In
Articles, Featured

What’s Happening in Venture Capital? Local Investors Weigh In

Startup founders know the COVID-19 pandemic has changed investor funding for the foreseeable future. Beyond the obvious shift to virtual pitching and team meetings, what else is going on in the world of venture capital (VC)? We spoke with three San Antonio investors who are tracking what’s changing during the global pandemic, and more importantly, looking ahead at the investing landscape over the next year or so. Level playing field, opportunities abound for innovative companies In April, Active Capital founder and CEO Pat Matthews said his venture firm had invested in eight portfolio companies and three new ones. “We also closed two Series As, two sidecars, and one M&A [mergers and acquisitions] transaction. I wouldn’t say it’s been business as usual, but it’s been busy,” ...
SaaS Voice App Yac Closes $1.5 Seed Round led by Active Capital
Articles, Featured

SaaS Voice App Yac Closes $1.5 Seed Round led by Active Capital

Without tone and inflection, it's hard to tell sometimes if an email, Tweet, or text is meant as a compliment or a complaint. One Orlando, Fla.-based startup developed a voice app solution to solve this problem. Yac announced Wednesday a $1.5 million seed financing led by San Antonio-based venture firm Active Capital with participation from angel investors. Betaworks and Booth VC invested $275,000 in a pre-seed round that closed in April 2019. The Yac app helps users send voice messages asynchronously (meaning, there’s a delay between the message sent and the recipient’s response). On average, there are about 4,500 messages a month left on Yac’s service, and the company has around 250 daily active users, according to Yac founder Justin Mitchell. Mitchell, who is also founder of di...
Cloudsnap Hires Former Rackspace Executive as CEO, Lands $1.8M from Active Capital to Fund Growth
Articles, Featured

Cloudsnap Hires Former Rackspace Executive as CEO, Lands $1.8M from Active Capital to Fund Growth

Cloudsnap, a fast-growing Austin-based software company, announced Thursday a $1.8 million funding round led by San Antonio venture firm Active Capital and Houston-based Mercury Fund as well as the hiring of former Rackspace executive Matt Bradley as its new chief executive officer (CEO). Both moves help position the software as a service (SaaS) startup for more aggressive growth. Cloudsnap offers mid-sized companies a cloud-computing Platform as a Service (PaaS) system that 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 ERP software to manage and integrate their financial data, supply chain, operations, reporting, manufacturing, and human resource act...
Cliently Scores $1M Seed Round from Active Capital, Moves to San Antonio
Articles, Featured

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...
Active Capital Leads $1.8M Seed Round for Startup Back Office
Articles, Featured

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...
Alamo Angels Investor Group Searches for New Executive Director
Articles, Featured

Alamo Angels Investor Group Searches for New Executive Director

San Antonio-based Alamo Angels, a group that invests in startups, announced Cat Dizon is leaving the executive director role and will be transitioning out later this month, according to an email sent to Alamo Angel members Tuesday. Before joining Alamo Angels in September 2018, Dizon was co-founder, chief operating officer, and partner at Active Capital, a venture firm based in San Antonio focused on leading seed rounds for business-to-business software as a service (SaaS) companies. She continued as a part-time Active Capital venture partner throughout her tenure at Alamo Angels and plans to return to Active Capital to help grow the firm she co-founded. Read more: Alamo Angels Names Cat Dizon as Its New Executive Director "With the support of Pat [Matthews, Active Capital founde...