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activatecp.com

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Investments

21

Portfolio Exits

3

Funds

1

About Activate Capital

Activate Capital is a growth equity firm investing in sustainable energy, transportation, and industrial technologies.

Activate Capital Headquarters Location

565 E. Swedesford Rd Suite 207

Wayne, Pennsylvania, 19087,

United States

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Latest Activate Capital News

Amsterdam-based Sympower secures €22 million to fuel Europe’s energy transition

Jul 19, 2022

By Green tech startup Sympower has just raised €22 million for its proprietary software platform that is accelerating the transition to net-zero. The Amsterdam-based company doubled its customer base last year and reported a 3x revenue increase. Achieving a more flexible, independent and sustainable energy system is a key European priority at the moment. Achieving carbon neutrality is an ambitious task, but we are icnreasingly being reminded and made all the more aware of the importance of getting there. Now more than ever before, in the wake of record-breaking summer temperatures and rising living costs, it’s clear that Europe needs to think sustainable when it comes to energy. Sympower: Accelerating net zero ambitions Amsterdam-based Sympower wants to accelerate the transition to net-zero, helping to build smarter and cleaner renewable energy systems. The startup just raised €22 million to fuel its mission. The funding was led by Silicon Valley-based Activate Capital, a leading VC and growth equity firm serving climate and sustainability pioneers in energy, mobility, and industrials. Together with Activate Capital, the consortium of VC firms include Expon Capital as well as previous investors Rubio Impact Ventures, PDENH and Rockstart. In order to mitigate the climate crisis whilst ensuring energy independence, flexibility to adapt to renewable, distributed production is key. Founded in 2015, Sympower’s proprietary software platform balances the supply and demand of electricity across international energy grids. It’s able to empower businesses, grid operators, asset owners and other energy stakeholders around the world to reduce their carbon emissions, integrate more distributed renewable energy resources, and generate new revenue streams by participating in demand-side response services. Managing Partner Anup Jacob, Activate Capital, said: “Recent events in Europe highlight the importance of energy independence in an increasingly volatile market. Sympower’s elegant software solution ties distributed energy resources into complex grid operations enabling a reliable and efficient transition of Europe’s energy infrastructure.”  What’s next The Dutch startup has now almost 100 employees spread across nine countries, including energy hubs like the Netherlands, Sweden, Finland, Norway and Israel. With over 750MW of flexible distributed energy sources under management across a portfolio of more than 200 industrial and commercial customers, Sympower is rapidly expanding its operations across Europe, contributing to more stable energy grids. It also became B-corp certified earlier this year, recognising its contribution to creating a cleaner energy system. This new capital injection will allow Sympower to serve more industrial and commercial customers across Europe, including demand-side loads, renewable energy production, electric vehicle charging, and battery storage facilities. Founder and CEO Simon Bushell, Sympower, said: “Given the current uncertainty in both the financial and energy markets, we are delighted to have secured further VC investment and we welcome aboard the experienced teams of Activate and Expon. The ongoing trust and support of our current investors is also invaluable as we accelerate the expansion of our services across Europe. This will help enable the transition to a clean energy system, and assist in solving short term problems during the current EU energy crisis.” TAGS

Activate Capital Investments

21 Investments

Activate Capital has made 21 investments. Their latest investment was in Sympower as part of their Series C on July 7, 2022.

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Activate Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/19/2022

Series C

Sympower

$22.55M

Yes

4

6/3/2022

Series D

Swimlane

$70M

Yes

2

5/5/2022

Series E

Fictiv

$100M

Yes

2

4/21/2022

Series D

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$99M

Subscribe to see more

10

4/8/2022

Series B

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$99M

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10

Date

7/19/2022

6/3/2022

5/5/2022

4/21/2022

4/8/2022

Round

Series C

Series D

Series E

Series D

Series B

Company

Sympower

Swimlane

Fictiv

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Amount

$22.55M

$70M

$100M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

4

2

2

10

10

Activate Capital Portfolio Exits

3 Portfolio Exits

Activate Capital has 3 portfolio exits. Their latest portfolio exit was Voltus on December 01, 2021.

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

12/1/2021

Acq - Pending

$99M

4

8/27/2021

Reverse Merger

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$99M

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10

4/28/2021

Reverse Merger

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$99M

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10

Date

12/1/2021

8/27/2021

4/28/2021

Exit

Acq - Pending

Reverse Merger

Reverse Merger

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

4

10

10

Activate Capital Fund History

1 Fund History

Activate Capital has 1 fund, including Activate Capital Partners.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Activate Capital Partners

1

Closing Date

Fund

Activate Capital Partners

Fund Type

Status

Amount

Sources

1

Activate Capital Team

4 Team Members

Activate Capital has 4 team members, including current Founder, Managing Partner, Rajesh Atluru.

Name

Work History

Title

Status

Rajesh Atluru

Founder, Managing Partner

Current

David F. Lincoln

EnerTech Capital, CMS, and UGI

Founder, Managing Director

Current

John Woolard

Google, BrightSource Energy, VantagePoint Capital Partners, and Itron

Senior Partner

Current

Michael L. Derosa

Cordova Ventures, EnerTech Capital, and Booz Allen Hamilton

Managing Director

Former

Name

Rajesh Atluru

David F. Lincoln

John Woolard

Michael L. Derosa

Work History

EnerTech Capital, CMS, and UGI

Google, BrightSource Energy, VantagePoint Capital Partners, and Itron

Cordova Ventures, EnerTech Capital, and Booz Allen Hamilton

Title

Founder, Managing Partner

Founder, Managing Director

Senior Partner

Managing Director

Status

Current

Current

Current

Former

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