Tag: venture fund

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