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  "markdown": "Venture firm.\n\nWebsite: https://activantcapital.com\n\n## Companies on Anchor Terminal\n\n- **Airwallex**, Series G, December 2025, through Activant\n  - [Airwallex Spend and Issuing](https://www.anchorterminal.com/tools/airwallex.md), graded B, 68.3/100\n  - Source: https://www.airwallex.com/global/newsroom/awx-raises-usd330m-series-g-at-usd8b-valuation-establishes-sf-as-dual-global-hq\n- **Metronome (Stripe)**, Series C, February 2025\n  - [Metronome](https://www.anchorterminal.com/tools/metronome.md), graded B, 69.8/100\n  - Source: https://fortune.com/2025/02/25/exclusive-metronome-usage-based-billing-startup-raises-50-million-series-c\n\n## Where they invest\n\n- Spend management \u0026 procurement, 1\n- Payment \u0026 monetisation platforms, 1\n\n## Founders they backed\n\n- [Jack Zhang](https://www.anchorterminal.com/people/jack-zhang/), Airwallex\n- [Lucy Yueting Liu](https://www.anchorterminal.com/people/lucy-yueting-liu/), Airwallex\n- [Jacob Dai](https://www.anchorterminal.com/people/jacob-dai/), Airwallex\n- [Max L.](https://www.anchorterminal.com/people/max-l/), Airwallex\n- [Ki Lok Wong](https://www.anchorterminal.com/people/ki-lok-wong/), Airwallex\n- [Scott Woody](https://www.anchorterminal.com/people/scott-woody/), Metronome (Stripe)\n- [Kevin Liu](https://www.anchorterminal.com/people/kevin-liu/), Metronome (Stripe)\n\n## Questions\n\n### Which AI tools has Activant Capital invested in?\n\nAnchor Terminal lists Airwallex and Metronome (Stripe) backed by Activant Capital.\n\n### How are Activant Capital's companies graded?\n\nOn Anchor Terminal's benchmark, Airwallex Spend and Issuing (B, 68.3) and Metronome (B, 69.8).\n\nInvestors are named from the companies' own announcements, the investors' own pages, Y Combinator's company pages, public filings and news reports of a round, each with its source. An investor isn't a sign of quality, and nobody can pay to be listed or to change a grade. To correct something or have a page removed, write to privacy@anchorterminal.com.\n",
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