David Lincoln
Managing Partner @ Activate Capital Partners
Greater Philadelphia Area, United States
David Lincoln is a Series B investor at Activate Capital Partners in Greater Philadelphia Area focused on Software and Solar. David has been a prominent investor in venture and growth equity for over 30 years and has founded and led multiple firms investing over $1B in energy and clean technology. Prior to co-founding Activate, David was the founder and Managing Partner of Element Partners, a $860M series of funds dedicated to a broad range of investments in cleantechnology. From 1996 to 2005, David was Co-Founder and Managing Director of EnerTech Capital, one of the first venture capital firms formed to invest specifically in the deregulation and transition of the global electric markets. From 1991 to 1996 David served as President and CEO of Deven Resources, Inc., a private equity firm dedicated to the acquisition and development of energy properties; and from 1984 to 1991, David was a partner with CMS Companies, a Philadelphia-based investment and financial services firm. David currently serves on the board of current investments Element Analytics, Parsable, Homee and Fictiv (Observer).David has also been an active participant helping to shape federal policy for the venture capital and growth equity industry. As a board member of the National Venture Capital Association for four years, David chaired the NVCA Energy & Cleantech Committee and worked with policymakers to promote capital formation for technology companies focused on US energy efficiency and renewable energy technologies. In addition, as the 2014-15 Chair of the NVCA Growth Equity Group, David worked with industry participants, research firms and policymakers to establish and benchmark Growth Equity as a distinct asset class within private equity. David holds a degree in Geology, with honors, from Colgate University and an MS in Energy Management and Policy from the University of Pennsylvania. He is active in addressing the Philadelphia public schools’ crisis as an executive committee board member with City Year of Philadelphia.
- Total investments:
- 7
- Last investment:
- Lead investor:
- 71%
Last updated:
For AI agents: llms.txt
Industries David Lincoln invests in
Stages David Lincoln invests in
Countries David Lincoln invests in
Contacts
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Investment Focus
Industry
- Software 3 (43%)
- Solar 2 (29%)
- Energy 2 (29%)
- Renewable Energy 2 (29%)
- Mobile 1 (14%)
Stage
- Series B 2 (29%)
- Series D 2 (29%)
- Series A 1 (14%)
- Series E 1 (14%)
- Private Equity 1 (14%)
Country
- United States 5 (71%)
- Germany 1 (14%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Swimlane is a developer of a security orchestration and response platform used to deliver security automation to organizations. It improves the ease with which security teams can overcome process and data fatigue, as well as chronic staffing shortages. Swimlane unlocks the potential of automation beyond the SOC by delivering a low-code platformthat serves as the system of record for the entire security organization and enables anyone within the organization to contribute their knowledge and expertise to the protection of the organization. | $45M / Private Equity / Jun 10, 2025 | ||
| Enpal is a photovoltaics leasing firm that provides solar power systems. Its product already enables customers to reduce their electricity expenditure through a solar system and a green all-inclusive energy solution. The company was founded in 2017 by Jochen Ziervogel, Mario Kohle, and Viktor Wingert. It is based in Berlin, Germany. | $230.8M / Series D / Jan 09, 2023 | ||
| Fictiv is the operating system (OS) for custom manufacturing that makes it faster, easier, and more efficient to source and supply mechanical parts. Their platform helps to source custom mechanical components and offers various manufacturing services, including 3D printing, CNC machining, and injection molding. They connect businesses with a globalnetwork of manufacturing partners to streamline the process of sourcing and producing parts, aiming to accelerate time to market and reduce costs. | $100M / Series E / May 05, 2022 | ||
| Parsable empowers industrial workers with modern digital tools to improve productivity, quality and safety. The Parsable Connected Worker Platform transforms static, paper-based procedures into mobile and interactive work instructions, enabling workers to leverage multimedia formats and collaborate in real time. With Parsable, companies gainunprecedented insight into human work by capturing essential data to improve their operations at scale. A partner of the World Economic Forum, Parsable is trusted by top global companies in the manufacturing and energy industries including consumer packaged goods, resources and chemicals, packaging and building materials, and automotive and aerospace. | $60M / Series D / Aug 11, 2020 | ||
| Element, a leading software provider in IT/OT data management, enables industrial organizations to unite their IT and operations data to produce analytical insights that drive cleaner, safer, healthier, and more profitable operations. Element Unify transforms siloed IT/OT data into contextualized, graph-based models to support diverseanalytical workloads and data governance. Element’s customers represent over $250 billion in revenue, $230 billion in fixed assets and 450,000 employees. To learn more about Element, please visit elementanalytics.com and follow the company on Twitter and LinkedIn. | $18M / Series B / Jun 25, 2020 | ||
| Founded in 2003, Fat Spaniel Technologies is the leading independent provider of critical monitoring and reporting services for the renewable energy industry. Today, the company's solutions are utilized by solar power producers, financiers, system integrators, and OEMs, and growing a growing number of wind power companies. Fat Spanielsolutions help optimize energy output, reduce operations and maintenance costs, contain risk, and increase return on investment for renewable energy power plant projects. | $18M / Series B / Jan 01, 2008 | ||
| Founded in 2003, Fat Spaniel Technologies is the leading independent provider of critical monitoring and reporting services for the renewable energy industry. Today, the company's solutions are utilized by solar power producers, financiers, system integrators, and OEMs, and growing a growing number of wind power companies. Fat Spanielsolutions help optimize energy output, reduce operations and maintenance costs, contain risk, and increase return on investment for renewable energy power plant projects. | $7M / Series A / Oct 16, 2006 |
Co-Investors
Activate Capital is a growth equity partner to companies building smart, sustainable systems across the energy, transportation, and industrial technology markets. The firm aims to generate financial returns while contributing to this vision of the future by investing in entrepreneurial management teams in high growth companies using technology tomake the world more efficient, intelligent, and sustainable. The partners have collectively invested over $1 billion across their target sectors, resulting in 30 successful exits through IPO and M&A.
Activate Capital Partners Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Anna Nitschke
COO
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Anup Jacob
Managing Partner
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David Lincoln
Managing Partner
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Eric Meyer
Principal
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Jon Guerster
Partner
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FAQ
What does David Lincoln invest in?
David Lincoln invests primarily in Software, Solar and Energy startups, most often at Series B and Series D stage. Most of the 7 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
How do I contact David Lincoln?
Public channels for David Lincoln include LinkedIn. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
When did David Lincoln last invest?
The most recent investment recorded for David Lincoln closed in Jun 2025. Shizune tracks 7 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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