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Altair Capital

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AltaIR Capital
Company typeLimited partnership
IndustryVenture capital / private equity
FounderIgor Ryabenkiy
Headquarters
San Francisco
,
United States
Area served
North America, Europe, Israel
Servicesventure capital
Websitewww.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]

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

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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

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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

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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:

  • PandaDoc (software company that provides SaaS software)[27][26]
  • OpenWeb (social engagement platform)[28][29][30]
  • Turing (service for evaluating the competence of IT professionals, recruiting them, and grouping them into remote teams)[31]

Other invested startups:

  • Verbit AI (provider of cloud and AI-based natural language processing platform to develop speech recognition applications)[32]
  • Sunbit (is a «buy now pay later» technology of local service providers and retailers)[33]
  • Jeeves (fintech company that focuses on expense management and payments)[34]
  • Babylist (marketplace and commerce destination for baby)[35]
  • Lilibank (a startup building banking products)[36]
  • EquityBee (an online platform for helping startup employees exercise their stock options and receive pre-IPO shares)[37]
  • Squire (a small business management platform serving the men's grooming segment)[38]

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

  • FlexEngage (a service that helps retailers personalize the post-purchase period)[40]
  • Gurushots (photography game)[41][42]
  • Klear (social intelligence platform)[43]
  • This is L (social enterprise and public-benefit corporation that makes organic personal care products)[44]
  • Unomy (sales & marketing intelligence platform)[45]
  • Hometalk (online DIY publisher)[46]

Awards and recognition

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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]

References

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  1. ^ a b "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.
  6. ^ "Israel's Top 14 Venture Capital Firms [2023]". sharpsheets.io. Sharpsheets. March 14, 2022. Retrieved May 17, 2023.
  7. ^ "Trash Warrior plans for growth with $8M investment". wastetodaymagazine.com. Waste Today Magazine. October 20, 2022. Retrieved May 17, 2023.
  8. ^ a b "VC Voices Altair's Ryabenkiy on AI & being customer centric". unleash.ai. Unleash. August 24, 2023. Retrieved October 2, 2023.
  9. ^ "СЕО AltaClub: "Самые успешные экзиты те, которые еще не случились" – Inc. Russia". incrussia.ru (in Russian). Incrussia. August 24, 2023. Retrieved October 2, 2023.
  10. ^ a b "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.
  14. ^ "Игорь Рябенький запускает фонд на $300 млн для инвестиций в стартапы на поздней стадии". incrussia.ru (in Russian). Incrussia. March 22, 2021. Retrieved May 16, 2023.
  15. ^ "AltaIR ABO, $300M and late stage startups: Igor Ryabenkiy's fifth, anniversary, fund AltaIR Capital". startupjedi.vc. Startupjedi. Retrieved May 16, 2023.
  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. ^ a b "Altair Capital – Investments, Portfolio & Exits". tracxn.com. Tracxn. Retrieved May 16, 2023.
  19. ^ "AltaIR Capital's plans for 2022". altair.vc. Altair. Retrieved May 16, 2023.
  20. ^ "14 Best VC Firms In Israel [2023] – Starter Story". starterstory.com. Starter Story. December 26, 2021. Retrieved May 16, 2023.
  21. ^ "Altair Capital". unicorn-nest.com. Unicorn Nest. December 26, 2021. Retrieved May 16, 2023.
  22. ^ "Accel и AltaIR Capital инвестировали в пермский стартап $25 млн". perm.rbc.ru (in Russian). РБК. November 9, 2018. Retrieved May 16, 2023.
  23. ^ "The Venture Capital Market in a Pandemic: Realities of Time and Future Prospects". FINANCE: THEORY AND PRACTICE. December 26, 2021. Retrieved May 16, 2023.
  24. ^ "Стартап Deel привлек $425 млн при оценке $5,5 млрд – он помогает нанимать людей со всего мира. Как компания связана с Украиной". forbes.ua (in Russian). October 19, 2021. Retrieved May 16, 2023.
  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. ^ a b "Igor Ryabenkiy: "A Europa tenim una tolerància molt baixa al fracàs"". elmon.cat. Mon Economia. July 29, 2023. Retrieved October 2, 2023.
  27. ^ "AltaIR Capital collects $20 mln for startup fund". venturecapitaljournal.com. Venture Capital Journal. October 26, 2015. Retrieved May 16, 2023.
  28. ^ "OpenWeb Raises $150 Million In Series E To Improve Online Conversations, Support Cookieless Web". prnewswire.com. PR Newswire. November 9, 2021. Retrieved May 16, 2023.
  29. ^ "Top 10 Startups in New York City". basetemplates.com. Basetemplates. Retrieved May 16, 2023.
  30. ^ "VP, Business Development at OpenWeb". builtinnyc.com. Built in NYC. Retrieved November 22, 2022.
  31. ^ "Turing books $87M at a $1.1B valuation to help source, hire and manage engineers remotely". techcrunch.com. Techcrunch. December 20, 2021. Retrieved May 16, 2023.
  32. ^ "Verbit Company Profile: Valuation & Investors". pitchbook.com. Pitchbook. Retrieved May 16, 2023.
  33. ^ "Fintech company Sunbit raises $130 million at $1.1 billion valuation". calcalistech.com. Calcalistech. May 20, 2021. Retrieved May 16, 2023.
  34. ^ a b "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.
  42. ^ "AltaIR Capital Portfolio Investments, AltaIR Capital Funds, AltaIR Capital Exits". cbinsights.com. Cbinsights. Retrieved May 16, 2023.
  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.
  45. ^ "WeWork acquires Israeli startup Unomy to boost its enterprise sales efforts". techcrunch.com. Techcrunch. August 11, 2017. Retrieved May 16, 2023.
  46. ^ "Hometalk raises $15M to grow its DIY community". techcrunch.com. Techcrunch. April 3, 2019. Retrieved May 16, 2023.
  47. ^ "The Most Active VC Firms in Each State". tech.co. Tech. June 1, 2016. Retrieved May 16, 2023.
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