Investments
91Portfolio Exits
14Funds
6Service Providers
1About Altira Group
Founded in 1996 with the sole purpose of successfully investing in the energy technology sector, Altira Group: * Focuses on growth technology companies spanning the energy value chain, from source to resource * Takes an active lead investment role and provides follow-on capabilities * Has closed five funds totaling $300 million in investments
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CB Insights Intelligence Analysts have mentioned Altira Group in 1 CB Insights research brief, most recently on May 21, 2020.
Latest Altira Group News
Jul 27, 2022
Altira participates in FlexGen Power Systems’ $100m Series C round Submitted 27/07/2022 - 9:37am Altira Group (Altira) an energy venture capital firm headquartered in Denver, has participated in the recent Series C multi-investor funding round for its North Carolina-based portfolio company FlexGen Power Systems (FlexGen). Altira invested from Altira Technology Fund VI LP and through a separate special purpose vehicle (SPV) for current investors, alongside other current and new investors. FlexGen is an integration and software technology provider that delivers utility-scale energy storage projects integrated with traditional and renewable power generation. Since its founding in 2009, FlexGen has installed more than 3 GWh of energy storage systems across the US for utility, microgrid, and commercial and industrial customers. Cooley served as legal counsel for Altira Group. DLA Piper LLP acted as legal counsel, and Citi acted as sole placement agent to FlexGen. Like this article? Sign up to our free newsletter Author Profile Related Topics Deals Intelligence
Altira Group Investments
91 Investments
Altira Group has made 91 investments. Their latest investment was in FlexGen Power Systems as part of their Series B on August 8, 2021.
Altira Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/25/2021 | Series B | FlexGen Power Systems | $150M | No | 8 | |
8/23/2021 | Series C - III | Seeq | $12.55M | No | 1 | |
6/2/2021 | Corporate Minority - P2P - II | Cronos Group | $1,490M | Yes | 1 | |
4/13/2021 | Series C | |||||
2/24/2021 | Unattributed VC |
Date | 8/25/2021 | 8/23/2021 | 6/2/2021 | 4/13/2021 | 2/24/2021 |
|---|---|---|---|---|---|
Round | Series B | Series C - III | Corporate Minority - P2P - II | Series C | Unattributed VC |
Company | FlexGen Power Systems | Seeq | Cronos Group | ||
Amount | $150M | $12.55M | $1,490M | ||
New? | No | No | Yes | ||
Co-Investors | |||||
Sources | 8 | 1 | 1 |
Altira Group Portfolio Exits
14 Portfolio Exits
Altira Group has 14 portfolio exits. Their latest portfolio exit was ThoughtTrace on March 11, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
3/11/2022 | Acquired | 1 | |||
6/30/2017 | Acquired | 1 | |||
6/16/2016 | Acquired | 1 | |||
Date | 3/11/2022 | 6/30/2017 | 6/16/2016 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 1 |
Altira Group Acquisitions
1 Acquisition
Altira Group acquired 1 company. Their latest acquisition was RC2 on April 16, 1999.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
4/16/1999 | Acquired |
Date | 4/16/1999 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources |
Altira Group Fund History
6 Fund Histories
Altira Group has 6 funds, including Altira Technology Fund VI LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
1/31/2014 | Altira Technology Fund VI LP | Multi-Stage Venture Capital | Closed | $119M | 1 |
3/31/2007 | Altira Technology Fund V LP | ||||
4/11/2003 | Altira Technology Fund IV LP | ||||
7/1/2001 | Altira Technology Fund III LP | ||||
7/1/1998 | Altira Technology Fund II LLC |
Closing Date | 1/31/2014 | 3/31/2007 | 4/11/2003 | 7/1/2001 | 7/1/1998 |
|---|---|---|---|---|---|
Fund | Altira Technology Fund VI LP | Altira Technology Fund V LP | Altira Technology Fund IV LP | Altira Technology Fund III LP | Altira Technology Fund II LLC |
Fund Type | Multi-Stage Venture Capital | ||||
Status | Closed | ||||
Amount | $119M | ||||
Sources | 1 |
Altira Group Service Providers
1 Service Provider
Altira Group has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Counsel | General Counsel |
Service Provider | |
|---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
Altira Group Team
4 Team Members
Altira Group has 4 team members, including current Founder, Managing Partner, Dirk McDermott.
Name | Work History | Title | Status |
|---|---|---|---|
Dirk McDermott | Founder, Managing Partner | Current | |
Name | Dirk McDermott | |||
|---|---|---|---|---|
Work History | ||||
Title | Founder, Managing Partner | |||
Status | Current |
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