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Venture Capital
altiragroup.com

Investments

91

Portfolio Exits

14

Funds

6

Service Providers

1

About 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

Headquarters Location

1675 Broadway Suite 2400

Denver, Colorado, 80202,

United States

(303) 592-5500

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Research containing Altira Group

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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

Altira participates in FlexGen Power Systems’ $100m Series C round

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.

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Altira Group Investments Activity

investments chart

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

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$99M

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10

2/24/2021

Unattributed VC

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$99M

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10

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

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Amount

$150M

$12.55M

$1,490M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

8

1

1

10

10

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

$99M

1

6/30/2017

Acquired

$99M

1

6/16/2016

Acquired

$99M

1

11/13/2015

Acquired

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$99M

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10

4/30/2015

Acquired

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$99M

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10

Date

3/11/2022

6/30/2017

6/16/2016

11/13/2015

4/30/2015

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

1

1

10

10

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

$99M

Acquired

Date

4/16/1999

Investment Stage

Companies

Valuation

$99M

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

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$99M

10

4/11/2003

Altira Technology Fund IV LP

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$99M

10

7/1/2001

Altira Technology Fund III LP

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$99M

10

7/1/1998

Altira Technology Fund II LLC

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$99M

10

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

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Status

Closed

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Amount

$119M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

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

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Name

Dirk McDermott

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Work History

Title

Founder, Managing Partner

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Status

Current

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