Activant Capital
About Activant Capital
Activant Capital is a global venture growth and private equity firm founded in 2015 and headquartered in Greenwich, Connecticut. With additional offices in New York, San Francisco, Berlin, and Cape Town, the firm focuses on high-growth companies in sectors such as AI, fintech, logistics, e-commerce, and enterprise software. Activant Capital manages approximately $1.5 billion to $2.5 billion in assets and employs a research-led approach, with nearly half of its team dedicated to market analysis and sector insights.
The firm provides growth capital for scaling companies in Series B+ stages, typ
Steve Sarracino is listed as the founder and a partner, and most profiles date the firm's founding to 2015. Venture Capital Journal and some directories give 2013, so the year is not fully settled. Other partners named on the firm's listings include Andrew Steele, Kevin Widmaier (president and partner), and Maximilian Mayer. Public sources do not name a single partner who leads the AI work.
Startupintros says the firm favors data-heavy business models, marketplaces and network effects that use AI and machine learning. PitchBook and SuperScout both list artificial intelligence among the sectors it targets. Its portfolio lists include Sherpa AI, with a deal dated July 8, 2026 in PitchBook's records, and FINNY, whose Series A is dated December 18, 2025 on CB Insights. Other named portfolio companies include Tines, Sardine and Celonis, though public sources do not describe each one's AI product.
PrivateEquityList describes Series B through Series E rounds with investments of $15 million to $60 million. Growth Equity Interview Guide reports three to five Series B deals a year, with an average initial commitment of $20 million to $40 million. Gilion says checks are often as lead investor. SuperScout lists earlier stages, which conflicts with the growth-stage descriptions from other sources.
- Sherpa AI: PitchBook lists a deal dated July 8, 2026 in business and productivity software. Round size not public in sources reviewed.
- FINNY: Series A dated December 18, 2025 per CB Insights. Description and round size not public in sources reviewed.
- Tines: named in the firm's portfolio listings. Round and product details not confirmed in sources reviewed.
- Sardine: named in the firm's portfolio listings. Round and product details not confirmed in sources reviewed.
- cbinsights.com/investor/activant-capital-group
- pitchbook.com/profiles/investor/61064-38
- pitchbook.com/profiles/fund/18225-01F
- privateequityinternational.com/institution-profiles/activant-capital.h
- superscout.co/investor/activant-capital
- privateequitylist.com/investors/activant-capital
- startupintros.com/orgs/activant-capital
- vc-mapping.gilion.com/vc-firms/activant-capital
Investing activity
Activant Capital appears in 2 AI deals tracked by the AI Lounge deals desk. The rounds are mostly Seed, with a median round size of $7M. The most recent are Strix (Seed, $6.7M, Jun 2026) and Trinio (Seed, $6.4M (BRL 32.0M), May 2026).
Activant Capital most often invests alongside Heavybit, Daniel Liem, Kareem Amin and Maza Ventures, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Activant Capital
Does Activant Capital invest in AI startups?
Yes. Public profiles list artificial intelligence among its target sectors, and it favors data-heavy models that use AI and machine learning. Recent portfolio records include Sherpa AI and FINNY.
What funds has Activant Capital raised?
Activant Ventures II closed at $129 million, and Fund IV closed in April 2021 with $400 million in commitments according to press reports. Fund sizes differ across databases, and a Fund VI Opportunities vehicle opened in March 2026.
What check size does Activant Capital write?
Public profiles report investments of $15 million to $60 million, often as lead. Another source gives an average initial commitment of $20 million to $40 million for Series B deals.
How many companies are in the Activant Capital portfolio?
CB Insights counts 119 investments, while PitchBook counts 184 investments with 99 in the portfolio and 36 exits. Counts vary by database and date.
What AI companies has Activant Capital invested in?
Activant Capital's AI investments include Strix and Trinio. The 2 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Activant Capital based?
Activant Capital is based in Greenwich, Connecticut, United States.
What stage does Activant Capital invest at?
In the rounds tracked on AI Lounge, Activant Capital has invested at Seed, with a median round of $7M.
Who does Activant Capital co-invest with?
Activant Capital's most frequent co-investors on AI Lounge are Heavybit (1 deal), Daniel Liem (1 deal), Kareem Amin (1 deal), Maza Ventures (1 deal) and Ivan Burazin (1 deal).
How can founders reach Activant Capital?
Founders on AI Lounge can see Activant Capital's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Activant Capital to their Investor Pipeline to track the conversation.