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Activate Venture Partners

New York, NYACTIVATE-VENTURE-PARTNERS
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Dossier Summary

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Classification
Slugactivate-venture-partners
HQNew York, NY
Stage FocusSeed to Series A B2B software, with heavy emphasis on AI/…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Activate punches well above their weight class for a relatively young fund, with an impressive hit rate on fintech and B2B infrastructure plays. Hanan and team have solid operational chops and actually help with recruiting and business development, not just cheerleading. They're thesis-driven but not rigidly so, and move fast on deals they like. The downside? They're still building their brand and network compared to tier-one funds, so they might not be your best bet if you need marquee logos for your next round. But if you want investors who will roll up their sleeves and grind with you, they're legit.

KEY TAKEAWAYS
  • Best for: B2B software founders who want hands-on, operationally-minded investors
  • Known for: Strong fintech portfolio and fast decision-making
  • Watch out for: Smaller network than established funds for follow-on rounds
Investment Thesis

Activate focuses on early-stage B2B software companies, particularly those leveraging data, AI, and automation to transform traditional industries. They emphasize backing technical founders building category-defining companies with strong unit economics.

Stage & Sector Focus

Seed to Series A B2B software, with heavy emphasis on AI/ML, data infrastructure, fintech, and vertical SaaS. Check sizes typically $1-5M. Portfolio skews heavily technical with strong founder-market fit requirements.

Notable Portfolio
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Key Partners
Hanan Fishman
Founding Partner

Former Goldman Sachs and Google executive who started Activate in 2017. Known for deep fintech expertise and hands-on approach with portfolio companies. Founders appreciate his operational background and network.

Michael Proman
Partner

Ex-Bessemer Venture Partners with strong enterprise software background. Joined Activate early and leads many of their infrastructure and developer tools investments. Reputation for being founder-friendly and tactical.

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