Tag: venture capital

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-Led $1.5M Funding, Workforce Grant Fuels Growth for FunnelAI
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Active Capital-Led $1.5M Funding, Workforce Grant Fuels Growth for FunnelAI

FunnelAI announced Wednesday it received a $1.5 million seed round led by 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.Chief executive Sridhar Kamma co-founded FunnelAI with his sister Sujatha Kamma, who serves as chief operations officer. Suman Poluri is the third co-founder, joining FunnelAI to lead the coding team.Founded in 2017, the marketing and sales startup created a software platform that uses artificial intelligence (AI) to find online indications of intent for businesses looking for customer prospects. RealCo accelerator and micro venture capital fund co-founder Michael Girdley helped bring the company from Austin to San Antonio, where it continues i...
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 PingboardPat 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 Startup Plus One Robotics Raises $8.3M
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San Antonio Startup Plus One Robotics Raises $8.3M

A San Antonio startup has raised $8.3 million in funding, according to a Securities and Exchange Commission (SEC) filing last week. The industry leader in robot perception technology, Plus One Robotics, Inc., received the investment from an undisclosed source.“We did file the Form D with the SEC earlier this week, which only tells the world that we raised over $8 million,” Plus One Robotics chief executive officer (CEO) Erik Nieves said Friday afternoon. “What is important is the launch of our new technology and the partnerships it took to build it.”Plus One Robotics has partnered with leaders in robot manufacturing, system integration, and e-commerce to develop the PickOne Perception system for the order fulfillment and parcel shipping sector. The startup launched the new system i...
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...