Active Capital
Active Capital last closed a fund in May 2024 — 30 months ago.
It raises on several lines, too close together for one rhythm. No month is guessed; the filing will say.
Mid-cycle This firm is far enough into its last fund to be investing, and too early to be raising again.
Still filing with the SEC: June 2025. That is an amendment to an existing offering, not a new fund - which is what an evergreen structure looks like in this data.
- Funds on file
- 4
- Capital raised
- $77M
- Latest close
- May 2024
- Based in
- TX
Vehicles on file
| Vehicle | First close | Amount | Filings |
|---|---|---|---|
| Active Capital III, L.P. | May 2024 | $28M | 0002020894 ↗ |
| Active Capital Fund Extension, L.P. | February 2022 | $11M | 0001910917 ↗ |
| Active Capital I, L.P. | August 2017 | $13M | 0001713162 ↗ |
| Active Capital II, L.P. | — | $25M | 0001799929 ↗ |
Each row links to that vehicle’s Form D filings on EDGAR — the name, date and amount above should match what is filed there.
Named on filings
Patrick Matthews, Pat Matthews
What Active Capital invests in
- Typical fund
- $25M median, seed to early stage
- Says it invests at
- pre-seed · seed
- Cheque size, in its words
- $
- Website
- activecapital.com
Sector and stage are quoted from the firm’s own website, not inferred, and dated.
Service providers
- Fund administrator
- Aduro (3 funds)
- Auditor
- Not on file
From Form ADV filed by ACTIVE VENTURE PARTNERS, LLC CRD 294383 ↗, latest filing March 2026, covering 3 funds linked to this firm by Form D file number. Form ADV is filed once a year, so a provider may have changed since. How this is matched.
What this is. Every figure on this page comes from Form D filings with the U.S. Securities and Exchange Commission — public records, reproduced here as filed. Service providers, where shown, come from the adviser’s Form ADV and are dated.
What it is not. Single-deal SPVs, feeder vehicles and GP or employee commitment funds are listed but excluded from fund counts and capital totals: an SPV is one investment, a feeder holds the same capital as its master, and a “Principals” or “Entrepreneurs” fund closes alongside a main fund rather than being raised in its own right. Capital deployed from a family office, a corporate balance sheet or an evergreen structure never arrives as a fund close, so a firm doing that looks quiet here. Amounts are as of the last amendment and go stale. Dates are the date of first sale — a fund's first close, not its final one. Funds filed as “Indefinite” are excluded from totals rather than counted as zero, so a total is a floor.
“No recent fund” is a statement about filings. It is not a statement about whether a firm is solvent, investing, or still in business.