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Activant Capital company logo
Growth Equity
FINANCE | Investment Firms & Funds
activantcapital.com

Investments

75

Portfolio Exits

12

Funds

12

About Activant Capital

Activant Capital is a long-term oriented global private investment firm that partners with high-growth companies transforming the industrial complex. The firm invests in companies aligned with its theses, specifically next-generation platforms that aim to redefine legacy industries or lay the groundwork for new ones.

Headquarters Location

323 Railroad Avenue

Greenwich, Connecticut, 06830,

United States

203-489-9083

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Latest Activant Capital News

Pesto: Fintech Company Secures $11 Million And Launches Pesto Mastercard

Jun 13, 2023

Pesto recently announced the launch of its first product Pesto Mastercard issued by Continental Bank, the first credit card that enables customers to use valuables as collateral to secure a credit card. And Activant Capital, Plural, and others invested $11 million in Pesto to build a solution for Americans that offers a pathway to rebuild or establish credit at lower rates. Consumers send Pesto their assets and they are provided with a credit card based on their value, regardless of credit score. And over time, cardholders who often don’t qualify for an unsecured credit card have the ability to increase their credit score and eventually qualify for one. Pesto Mastercard offers rates similar to existing credit cards, which are substantially lower than what pawn and payday loan clients typically pay. The U.S. pawn shop market had generated close to US$ 9.2 billion in interest revenue in 2019. And over 6 million underbanked Americans currently rely on high-interest-rate loans to provide cash and liquidity, with average interest rates at more than 120%. Plus Pesto was founded in 2020 to provide a solution for Americans that offers a pathway to rebuild or establish credit at lower rates. Savoldelli had founded the company after studying financial inclusion and how consumers with few options use pawnshops for repeat borrowing and not just emergency situations. And he spent time working in a pawn shop to understand the industry firsthand, which led him to the idea of the asset-backed credit card. Pesto plans to use the funding to expand its customer base across the US, with an initial focus on Atlanta and Los Angeles. And the company has raised funding from notable investors, including; Activant Capital, Plural, Sozo Ventures, Commerce Ventures, NJF Capital, Soma Capital, NOMO Ventures, Commerce Ventures, Human Capital, OVO Fund, OEL Ventures, Core Innovation Capital, Great Oaks VC, and Y Combinator. KEY QUOTES: “Our first product, Pesto Mastercard, offers interest rates at only a fraction of today’s alternatives, often 90% less than many equivalent pawn loans. It’s a paradigm shift in the credit card market, with the potential to truly democratize credit. Pesto is on a mission to help all Americans find an alternative to high interest rate loans by providing a straightforward way to secure liquidity and build credit through their assets without having to sell them.” — James Savoldelli, founder and CEO of Pesto “Existing loan products don’t do enough to help these consumers become more financially free. We are passionate about supporting Pesto’s mission to make lending more affordable, safe, and accessible.” — Nathan Morgan, Continental Bank’s Founder & CEO “Millions of Americans are defaulting to predatory loans as inflation raises household expenses and banks tighten lending to low FICO customers. We’re excited to back the Pesto team on their mission to fix America’s debt trap pandemic and offer a path to a more secure, credit-backed financial future.” — David Yang, Partner at Activant Capital “Access to credit remains one of the most glaring and unnecessary sources of inequality. The lack of federal regulation and our outdated appraisal of creditworthiness leaves the most fragile populations prey to predatory lenders. Pesto’s innovation can be the lever that can help lift millions of people from systemic and unnecessary financial distress, and James has the devotion required to scale its impact.” — Khaled Helioui, co-founder of Plural Trending on Pulse 2.0

Activant Capital Investments

75 Investments

Activant Capital has made 75 investments. Their latest investment was in Vartana as part of their Series B on May 5, 2023.

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Activant Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/31/2023

Series B

Vartana

$20M

Yes

7

5/25/2023

Series A

Pesto

$11M

Yes

Activant Capital, Plural, and Undisclosed Investors

4

1/12/2023

Series A

Welcome Homes

$29M

Yes

4

11/11/2022

Seed VC - II

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$99M

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10

9/20/2022

Series B

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$99M

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10

Date

5/31/2023

5/25/2023

1/12/2023

11/11/2022

9/20/2022

Round

Series B

Series A

Series A

Seed VC - II

Series B

Company

Vartana

Pesto

Welcome Homes

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Amount

$20M

$11M

$29M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Activant Capital, Plural, and Undisclosed Investors

Sources

7

4

4

10

10

Activant Capital Portfolio Exits

12 Portfolio Exits

Activant Capital has 12 portfolio exits. Their latest portfolio exit was Better on August 23, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/23/2023

Reverse Merger

$99M

13

5/5/2023

Acq - Fin

$99M

Undisclosed Private Equity Investors

2

3/6/2023

Corporate Majority

$99M

3

6/1/2022

Acquired

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$99M

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10

5/5/2022

Acquired

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$99M

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10

Date

8/23/2023

5/5/2023

3/6/2023

6/1/2022

5/5/2022

Exit

Reverse Merger

Acq - Fin

Corporate Majority

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Undisclosed Private Equity Investors

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Sources

13

2

3

10

10

Activant Capital Fund History

12 Fund Histories

Activant Capital has 12 funds, including Activant Ventures III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/6/2020

Activant Ventures III

Multi-Stage Venture Capital

Open

$256.71M

6

2/14/2018

Activant Ventures II

Late-Stage Venture Capital

Closed

$129M

7

4/19/2016

Activant Ventures I

Multi-Stage Venture Capital

Closed

$74.64M

4

7/28/2015

Activant SK CI Holdings

$99M

10

4/20/2015

Activant RN CI Holdings

$99M

10

Closing Date

4/6/2020

2/14/2018

4/19/2016

7/28/2015

4/20/2015

Fund

Activant Ventures III

Activant Ventures II

Activant Ventures I

Activant SK CI Holdings

Activant RN CI Holdings

Fund Type

Multi-Stage Venture Capital

Late-Stage Venture Capital

Multi-Stage Venture Capital

Status

Open

Closed

Closed

Amount

$256.71M

$129M

$74.64M

$99M

$99M

Sources

6

7

4

10

10

Activant Capital Team

1 Team Member

Activant Capital has 1 team member, including current Founder, Steve Sarracino.

Name

Work History

Title

Status

Steve Sarracino

Founder

Current

Name

Steve Sarracino

Work History

Title

Founder

Status

Current

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