# 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.

## Profile

- **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

## Links

- [Website](https://active.vc)
- [LinkedIn](https://www.linkedin.com/company/activecapital)

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Source: https://venturecapitaltracker.com/fund/active-capital