About Activant Capital
Activant Capital describes itself as a research-led venture growth firm: alongside its investment team it employs full-time researchers and publishes its own research on technology markets. Its SEC filings give Greenwich, Connecticut as its address through 2024 and Darien, Connecticut from late 2025.
Our records start in October 2023, so this page lists Activant Capital V, Activant Capital VI and the vehicles filed since then. Earlier funds, from Activant Ventures I in 2015 to Activant Capital IV in 2021, are on EDGAR.
Funds
Activant Capital has five funds on file with the SEC, plus 17 feeder, opportunity or co-investment vehicles. The funds have reported $963.5M raised.
Funds (SEC Form D)
| Fund | First filed | Amount raised | Target | Investors |
|---|---|---|---|---|
| Activant Capital VI, LPPrivate equity fund · 3(c)(7) · Form D ↗ | Dec 15, 2025 | None yet | Not set | — |
| Activant Capital V, LPPrivate equity fund · 3(c)(7) · Form D/A ↗ | Jan 13, 2023 | $200,408,164Jan 2023: $0 Jan 2024: $200.4M | Not set | 22 |
| Activant Capital IV, LPPrivate equity fund · 3(c)(7) · Form D/A ↗ | Dec 16, 2020 | $377,295,923Dec 2020: $0 Apr 2021: $377.2M | $425,000,000 | 53 |
| Activant Ventures III, LPPrivate equity fund · 3(c)(7) · Form D/A ↗ | Dec 4, 2018 | $256,705,000Dec 2018: $0 Mar 2019: $115.3M Dec 2019: $205.1M Apr 2020: $256.7M | $256,705,000 | 55 |
| Activant Ventures II, LPVenture capital fund · 3(c)(1), 3(c)(7) · Form D/A ↗ | Mar 10, 2017 | $129,100,000Mar 2017: $63.5M Feb 2018: $129.1M | $129,100,000 | 32 |
Amounts and investor counts come from each fund's latest Form D or amendment; the dated lines under an amount show what earlier filings reported. "Not set" means the fund did not give a target. Form D does not report returns.
Feeder, opportunity and co-investment vehicles (17)
| Vehicle | Kind | First filed | Amount raised | Investors | Filing |
|---|---|---|---|---|---|
| Activant LO Opportunity I, LP | Opportunity fund | Jul 6, 2026 | $20,765,658 | 2 | Form D ↗ |
| Activant CC Opportunity I, LP | Opportunity fund | Apr 1, 2026 | — | — | Form D ↗ |
| Activant LO Opportunity II, LP | Opportunity fund | Apr 1, 2026 | — | — | Form D ↗ |
| Activant Capital VI Opportunities I, LP | Opportunity fund | Mar 20, 2026 | $4,100,000 | 2 | Form D ↗ |
| Activant X II, LP | Co-investment vehicle | Jan 30, 2026 | — | — | Form D ↗ |
| Activant Capital VI (Offshore Feeder), LP | Feeder or parallel fund | Dec 15, 2025 | — | — | Form D ↗ |
| Activant SPV VI, LP | Co-investment vehicle | Dec 2, 2025 | $10,000,000 | 2 | Form D ↗ |
| Activant KC Opportunity I, LP | Opportunity fund | Oct 22, 2024 | — | — | Form D ↗ |
| Activant Capital PA Coinvest Fund, LP | Co-investment vehicle | Sep 25, 2024 | — | — | Form D ↗ |
| Activant X I, LP | Co-investment vehicle | May 6, 2024 | — | — | Form D ↗ |
| Activant Capital IV Opportunities Fund 1, LP | Opportunity fund | Jun 12, 2023 | — | — | Form D ↗ |
| Activant Ventures III Opportunities Fund 5, LP | Opportunity fund | Oct 21, 2021 | — | — | Form D ↗ |
| Activant Ventures III Opportunities Fund 6, LP | Opportunity fund | Sep 8, 2020 | — | — | Form D ↗ |
| Activant Ventures III Opportunities Fund 4, LP | Opportunity fund | May 26, 2020 | — | — | Form D ↗ |
| Activant Ventures III Opportunities Fund 3, LP | Opportunity fund | Jan 30, 2020 | — | — | Form D ↗ |
| Activant Ventures III Opportunities Fund 2, LP | Opportunity fund | Jan 22, 2020 | — | — | Form D ↗ |
| Activant Ventures III Opportunities Fund 1, LP | Opportunity fund | Jul 11, 2019 | — | — | Form D ↗ |
These vehicles usually hold a single investment or a small group of them. Their filings do not name the companies they hold.
Portfolio Companies
Companies where a Activant Capital partner sits on the board, according to the company's own Form D. A board seat usually comes with an investment, but Form D does not list investors.
| Company | Location | Activant Capital director | On the board | Latest raise |
|---|---|---|---|---|
| Stuut, Inc. | New York, NY | Steven Sarracino | 2026 | $67.5M ↗Sep 2026 |
Activant lists 122 companies on its website, 36 of them featured with a short description; 7 featured companies are marked as exits. The firm does not publish investment amounts or dates.
People
Partners and officers named on Activant Capital's fund filings.
Sources
- Investor firmactivantcapital.com, portfolio