Active Capital

San Antonio pre-seed venture firm founded in 2017 by entrepreneur Pat Matthews (ex-Webmail.us / Rackspace). Backs technical founders building AI-native enterprise software and cloud infrastructure. Typical checks $100K–$1M with ability to follow; closed Fund III at $28M+ (2025). HQ at 110 E Houston St, San Antonio, TX; also invests nationally from a Texas base.

Typical check size

$250K-$3M (stage-based estimate)

Founded

2017

Headquarters

San Antonio, TX

AUM

$100M+ across funds (GP materials); Fund III $28M+ (2025)

Rounds they lead

Pre-Seed Seed

Rounds they invest

Pre-Seed Seed Series A

FAQs about Active Capital

Stage fit, check size, thesis, and how founders typically approach this firm — based on public sources and our directory.

San Antonio, Texas — public materials list 110 E Houston St.

Pat Matthews, entrepreneur (Webmail.us acquired by Rackspace; later Rackspace SVP).

Pre-seed focused; can participate in seed and selective Series A follow-ons.

About $100K–$1M initially per active.vc, with room to invest more as the relationship develops.

AI-native enterprise software, infrastructure, and products that solve real business problems — prefers scrappy technical founders.

Yes — aims to be a meaningful part of the first capital raised.

Building in Texas, investing nationwide.

Email [email protected]; warm intros and cold outreach both welcomed per firm site.

Website LinkedIn

Venture Capital Tracker