Altair Capital

Last updated

AltaIR Capital
Company typeLimited partnership
IndustryVenture capital / private equity
FounderIgor Ryabenkiy
Headquarters
San Francisco
,
United States
Area served
North America, Europe, Israel
Services venture capital
Website www.altair.vc

AltaIR Capital, is an American venture capital company that was founded by Igor Ryabenkiy, a seasoned serial angel investor. [1] [2] [3] [4]

Contents

As of 2021, the company had assets totaling $600M under management and had invested in 300+ tech startups, working in Productivity Tools, Fintech, InsureTech, Future of Work, Digital health. [5] [6] [7] [8]

History

Igor Ryabenkiy founded AltaIR Capital in 2005. [1] [8]

In 2015, Ryabenkiy created AltaClub, a business angel club. AltaClub's portfolio was $120 million in 2020 and has grown to $650 million in 2021. [9]

Funds

AltaIR Capital Fund I began in 2012 with $20M in capital backing. The fund invested in the pre-seed and seed stages of SaaS, FinTech, HealthTech, InsureTech, and D2C products and marketplaces. [10] [11]

In 2014 AltaIR Capital Fund II was founded with $100 million to support startups in their pre-seed and Series A rounds. [12]

Launched in 2019 with $200M in capital, AltaIR Capital Fund III, continues focusing on Productivity Tools, FinTech, InsureTech, Future of Work, Digital Health. [10]

In March 2021 AltaIR Capital launched the AltaIR ABO for 300 million. The entity works as an opportunity investor for late stage projects. [13] [14] [15]

In 2022 AltaIR Capital sponsored the Support Ukrainian Startups NOW program launched by the FREE Ukraine Foundation and the Ukrainian Venture Capital and Private Equity Association (UVCA). [16]

Investments and exits

AltaIR Capital has invested in over 350 startups in early and growing stages. [17] [18] [19] [20] [21]

Among them are unicorns in the early stages:

Other invested startups:

Altair Capital has completed multiple successful returns. These include: [39] [18]

Awards and recognition

In 2016, CB Insight recognized Altair Capital as the most active venture capital investor in Delaware. [47]

In 2019, and 2022 PitchBook Data ranked Altair Capital No. 2 among the most active VCs in the Israeli market. [34]

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References

  1. 1 2 "Igor Ryabenkiy". Forbes. Retrieved May 16, 2023.
  2. ↑ "AltaIR Capital Investor Profile: Portfolio & Exits". pitchbook.com. Pitchbook. Retrieved May 16, 2023.
  3. ↑ "AltaIR Capital raises $30m for Israel investment – Globes". globes.co.il. Globes. April 20, 2015. Retrieved May 16, 2023.
  4. ↑ "AltaIR Capital". bloomberg.com. Bloomberg. Retrieved May 16, 2023.
  5. ↑ "A female-led waste management platform from California has raised $8M to scale an innovative approach to the refuse problems of U.S. businesses". prnewswire.com. Prnewswire. October 5, 2022. Retrieved May 16, 2023.
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  8. 1 2 "VC Voices Altair's Ryabenkiy on AI & being customer centric". unleash.ai. Unleash. August 24, 2023. Retrieved October 2, 2023.
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  10. 1 2 "Altair Capital targets $200 million to launch third fund". ewdn.com. Ewdn. December 9, 2019. Retrieved May 16, 2023.
  11. ↑ "Altair Capital targets $200mn to launch third fund targeting Russian-speaking countries". intellinews.com. IntelliNews. December 19, 2019. Retrieved May 16, 2023.
  12. ↑ Мовчан, Андрей (November 11, 2019). ""Большие деньги сейчас сюда не ходят": Игорь Рябенький о молодых бизнесменах и будущих проблемах". forbes.ru (in Russian). Retrieved May 16, 2023.
  13. ↑ Скобелев,Владислав (March 22, 2021). "Инвестор Carprice и Profi.ru запустил фонд на $300 млн для ИТ-компаний". rbc.ru (in Russian). РБК. Retrieved May 16, 2023.
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  16. ↑ "How tech investors and entrepreneurs are rescuing startup teams hit by the war". uadn.net. UADN. March 30, 2022. Retrieved May 16, 2023.
  17. ↑ "AltaIR Capital Investor Profile: Portfolio & Exits". pitchbook.com. Pitchbook. Retrieved May 16, 2023.
  18. 1 2 "Altair Capital – Investments, Portfolio & Exits". tracxn.com. Tracxn. Retrieved May 16, 2023.
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  20. ↑ "14 Best VC Firms In Israel [2023] – Starter Story". starterstory.com. Starter Story. December 26, 2021. Retrieved May 16, 2023.
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  22. ↑ "Accel и AltaIR Capital инвестировали в пермский стартап $25 млн". perm.rbc.ru (in Russian). РБК. November 9, 2018. Retrieved May 16, 2023.
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  25. ↑ "Professional Networking Braces for a Tectonic Shift in 2023. Meet the Disruptors". finance.yahoo.com. Finance Yahoo. December 28, 2022. Retrieved May 16, 2023.
  26. 1 2 "Igor Ryabenkiy: "A Europa tenim una tolerància molt baixa al fracàs"". elmon.cat. Mon Economia. July 29, 2023. Retrieved October 2, 2023.
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  33. ↑ "Fintech company Sunbit raises $130 million at $1.1 billion valuation". calcalistech.com. Calcalistech. May 20, 2021. Retrieved May 16, 2023.
  34. 1 2 "The 10 most active Israeli VCs". pitchbook.com. Pitchbook. May 6, 2022. Retrieved May 16, 2023.
  35. ↑ "BabyList Raises $620K in Seed Funding". finsmes.com. Finsmes. July 1, 2013. Retrieved May 16, 2023.
  36. ↑ "Fintech startup Lili raises $55 million series B". calcalistech.com. Calcalistech. May 11, 2021. Retrieved May 16, 2023.
  37. ↑ "EquityBee Raises Additional $55 Million From Repeat Investor Group 11". Bloomberg. September 29, 2021. Retrieved May 16, 2023.
  38. ↑ "Squire Secures $8M in Series A Funding". finsmes.com. Finsmes. June 25, 2019. Retrieved May 16, 2023.
  39. ↑ "Portfolio". altair.vc. Altair. Retrieved May 16, 2023.
  40. ↑ "FlexEngage, Inc. announced that it has received $6 million in funding from a group of investors". marketscreener.com. Marketscreener. December 18, 2019. Retrieved May 16, 2023.
  41. ↑ "Gamified Photo-Sharing Startup GuruShots Raises $5 Million – CTech". calcalistech.com. Calcalistech. March 26, 2019. Retrieved May 16, 2023.
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  43. ↑ "AltaIR Capital collects $20 mln for startup fund". venturecapitaljournal.com. Venture Capital journal. October 26, 2015. Retrieved May 16, 2023.
  44. ↑ ""В США стартап может не думать о мире, в России это сильный риск": Игорь Рябенький из AltaIR Capital о работе инвестора — Финансы на vc.ru". vc.ru. VC. November 25, 2019. Retrieved May 16, 2023.
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  46. ↑ "Hometalk raises $15M to grow its DIY community". techcrunch.com. Techcrunch. April 3, 2019. Retrieved May 16, 2023.
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