Activant Capital, a Greenwich, CT-based growth stage venture capital firm, held the first close of its latest fund, at approx. $63.5m.
Per an SEC filing, 13 investors participated in the offering of Activant Ventures II, LP. The final target of the fund is $150m.
Led by Steve Sarracino, Activant Capital invests in growth-stage software, commerce, Internet of Things, data services and internet businesses, investing globally.
The portfolio includes Turvo, Celect, NewStore, RetailNext, and WellAware. Hybris, Recommind were acquired.
The firm’s investment team also includes Andrew Steele, Peter McCoy, Trent Herren, Ian Lawrence and Brian O’Reilly.