raise.vc

Pat Matthews

Founder & CEO
Investor San Antonio
| | LinkedIn Twitter Website VCSheet
Background
  • Founded Webmail.us — sold for $50M to Rackspace in 2007
  • Started Active Capital in 2017 as a venture investor
  • Raises from founders, operators, and entrepreneurial families (not institutional LPs)
  • Lives in San Antonio — investing outside of traditional tech hubs
  • Strong believer in the pre-seed stage as the most foundational moment for a company
Investment Focus
  • Enterprise AI
  • Cloud infrastructure
  • Pre-seed stage exclusively
  • Backs founders forming company DNA at the earliest stage
Notable Investments

Active Capital portfolio across three funds. Focus on enterprise AI and cloud infrastructure at pre-seed.

AI Agent Relevance
  • Strong fit — Active Capital's entire thesis is enterprise AI and cloud infrastructure at pre-seed
  • His $28M fund is small enough that each investment gets meaningful attention
  • As a founder who exited to Rackspace, he understands cloud infrastructure deeply
  • His philosophy of "early believers with deep relationships" is ideal for a first check
  • The fund raises from other founders/operators, so the LP base itself is a valuable network
  • Three funds deep means this is a proven, committed investor, not a one-fund experiment
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