Altair_Capital

Altair Capital

Altair Capital is an international venture company founded by a Russian serial angel investor Igor Ryabenkiy. The company invests in startups in the US, Israel, and Europe.[1][2][3][4]

Quick Facts Company type, Industry ...

With assets totaling $600M under its management, Altair Capital has 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 $20 mln 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:

  • 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

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

  1. "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. "Israel's Top 14 Venture Capital Firms [2023]". sharpsheets.io. Sharpsheets. March 14, 2022. Retrieved May 17, 2023.
  6. "Trash Warrior plans for growth with $8M investment". wastetodaymagazine.com. Waste Today Magazine. October 20, 2022. Retrieved May 17, 2023.
  7. "VC Voices Altair's Ryabenkiy on AI & being customer centric". unleash.ai. Unleash. August 24, 2023. Retrieved October 2, 2023.
  8. "Altair Capital targets $200 million to launch third fund". ewdn.com. Ewdn. December 9, 2019. Retrieved May 16, 2023.
  9. "Altair Capital targets $200mn to launch third fund targeting Russian-speaking countries". intellinews.com. IntelliNews. December 19, 2019. Retrieved May 16, 2023.
  10. 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.
  11. "How tech investors and entrepreneurs are rescuing startup teams hit by the war". uadn.net. UADN. March 30, 2022. Retrieved May 16, 2023.
  12. "AltaIR Capital Investor Profile: Portfolio & Exits". pitchbook.com. Pitchbook. Retrieved May 16, 2023.
  13. "Altair Capital – Investments, Portfolio & Exits". tracxn.com. Tracxn. Retrieved May 16, 2023.
  14. "AltaIR Capital's plans for 2022". altair.vc. Altair. Retrieved May 16, 2023.
  15. "14 Best VC Firms In Israel [2023] – Starter Story". starterstory.com. Starter Story. December 26, 2021. Retrieved May 16, 2023.
  16. "Altair Capital". unicorn-nest.com. Unicorn Nest. December 26, 2021. Retrieved May 16, 2023.
  17. "Accel и AltaIR Capital инвестировали в пермский стартап $25 млн". perm.rbc.ru (in Russian). РБК. November 9, 2018. Retrieved May 16, 2023.
  18. "The Venture Capital Market in a Pandemic: Realities of Time and Future Prospects". FINANCE: THEORY AND PRACTICE. December 26, 2021. Retrieved May 16, 2023.
  19. "Professional Networking Braces for a Tectonic Shift in 2023. Meet the Disruptors". finance.yahoo.com. Finance Yahoo. December 28, 2022. Retrieved May 16, 2023.
  20. "Igor Ryabenkiy: "A Europa tenim una tolerància molt baixa al fracàs"". elmon.cat. Mon Economia. July 29, 2023. Retrieved October 2, 2023.
  21. "AltaIR Capital collects $20 mln for startup fund". venturecapitaljournal.com. Venture Capital Journal. October 26, 2015. Retrieved May 16, 2023.
  22. "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.
  23. "Top 10 Startups in New York City". basetemplates.com. Basetemplates. Retrieved May 16, 2023.
  24. "VP, Business Development at OpenWeb". builtinnyc.com. Built in NYC. Retrieved November 22, 2022.
  25. "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.
  26. "Verbit Company Profile: Valuation & Investors". pitchbook.com. Pitchbook. Retrieved May 16, 2023.
  27. "Fintech company Sunbit raises $130 million at $1.1 billion valuation". calcalistech.com. Calcalistech. May 20, 2021. Retrieved May 16, 2023.
  28. "The 10 most active Israeli VCs". pitchbook.com. Pitchbook. May 6, 2022. Retrieved May 16, 2023.
  29. "BabyList Raises $620K in Seed Funding". finsmes.com. Finsmes. July 1, 2013. Retrieved May 16, 2023.
  30. "Fintech startup Lili raises $55 million series B". calcalistech.com. Calcalistech. May 11, 2021. Retrieved May 16, 2023.
  31. "EquityBee Raises Additional $55 Million From Repeat Investor Group 11". Bloomberg. September 29, 2021. Retrieved May 16, 2023.
  32. "Squire Secures $8M in Series A Funding". finsmes.com. Finsmes. June 25, 2019. Retrieved May 16, 2023.
  33. "Portfolio". altair.vc. Altair. Retrieved May 16, 2023.
  34. "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.
  35. "Gamified Photo-Sharing Startup GuruShots Raises $5 Million – CTech". calcalistech.com. Calcalistech. March 26, 2019. Retrieved May 16, 2023.
  36. "AltaIR Capital collects $20 mln for startup fund". venturecapitaljournal.com. Venture Capital journal. October 26, 2015. Retrieved May 16, 2023.
  37. "WeWork acquires Israeli startup Unomy to boost its enterprise sales efforts". techcrunch.com. Techcrunch. August 11, 2017. Retrieved May 16, 2023.
  38. "Hometalk raises $15M to grow its DIY community". techcrunch.com. Techcrunch. April 3, 2019. Retrieved May 16, 2023.
  39. "The Most Active VC Firms in Each State". tech.co. Tech. June 1, 2016. Retrieved May 16, 2023.

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