Company:Altair Capital

From HandWiki
AltaIR Capital
TypeLimited partnership
IndustryVenture capital / private equity
FounderIgor Ryabenkiy
Area served
North America, Europe, Israel
Websitewww.altair.vc

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]

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. ↑ 1.0 1.1 "Igor Ryabenkiy" (in en). Forbes. https://councils.forbes.com/profile/Igor-Ryabenkiy-Founder-Managing-Partner-AltaIR-Capital/d24937a1-3d8c-4e86-8519-2eb572a0e0f5. 
  2. ↑ "AltaIR Capital Investor Profile: Portfolio & Exits" (in en). Pitchbook. https://pitchbook.com/profiles/investor/10560-70#overview. 
  3. ↑ "AltaIR Capital raises $30m for Israel investment – Globes" (in en). Globes. April 20, 2015. https://en.globes.co.il/en/article-altair-capital-raises-30m-for-israel-investment-1001029910. 
  4. ↑ "AltaIR Capital" (in en). Bloomberg. https://www.bloomberg.com/profile/company/0861694D:IT. 
  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" (in en). Prnewswire. October 5, 2022. https://www.prnewswire.com/news-releases/a-female-led-waste-management-platform-from-california-has-raised-8m-to-scale-an-innovative-approach-to-the-refuse-problems-of-us-businesses-301642092.html. 
  6. ↑ "Israel's Top 14 Venture Capital Firms [2023"] (in en). Sharpsheets. March 14, 2022. https://sharpsheets.io/blog/israel-top-vcs-venture-capital-firms/. 
  7. ↑ "Trash Warrior plans for growth with $8M investment" (in en). Waste Today Magazine. October 20, 2022. https://www.wastetodaymagazine.com/news/trash-warrior-funding-tech-enabled-waste-management/. 
  8. ↑ 8.0 8.1 "VC Voices Altair’s Ryabenkiy on AI & being customer centric" (in en). Unleash. August 24, 2023. https://www.unleash.ai/hr-technology/welcome-to-vc-voices-altairs-ryabenkiy-on-ai-being-customer-centric/. 
  9. ↑ "СЕО AltaClub: "Самые успешные экзиты те, которые еще не случились" – Inc. Russia" (in ru). Incrussia. August 24, 2023. https://incrussia.ru/understand/alta-club/. 
  10. ↑ 10.0 10.1 "Altair Capital targets $200 million to launch third fund" (in en). Ewdn. December 9, 2019. https://www.ewdn.com/2019/12/09/altair-capital-targets-200-million-to-launch-third-fund/. 
  11. ↑ "Altair Capital targets $200mn to launch third fund targeting Russian-speaking countries" (in en). IntelliNews. December 19, 2019. https://www.intellinews.com/altair-capital-targets-200mn-to-launch-third-fund-targeting-russian-speaking-countries-173748/. 
  12. ↑ Мовчан, Андрей (November 11, 2019). ""Большие деньги сейчас сюда не ходят": Игорь Рябенький о молодых бизнесменах и будущих проблемах" (in ru). https://www.forbes.ru/finansy-i-investicii/387089-bolshie-dengi-seychas-syuda-ne-hodyat-igor-ryabenkiy-o-molodyh. 
  13. ↑ Скобелев,Владислав (March 22, 2021). "Инвестор Carprice и Profi.ru запустил фонд на $300 млн для ИТ-компаний" (in ru). РБК. https://www.rbc.ru/rbcfreenews/60548f409a7947ec0584f7fe. 
  14. ↑ "Игорь Рябенький запускает фонд на $300 млн для инвестиций в стартапы на поздней стадии" (in ru). Incrussia. March 22, 2021. https://incrussia.ru/news/igor-ryabenkij-fond/. 
  15. ↑ "AltaIR ABO, $300M and late stage startups: Igor Ryabenkiy's fifth, anniversary, fund AltaIR Capital" (in en). Startupjedi. https://startupjedi.vc/content/altair-abo-300m-and-late-stage-startups-igor-ryabenkiys-fifth-anniversary-fund-altair. 
  16. ↑ "How tech investors and entrepreneurs are rescuing startup teams hit by the war" (in en). UADN. March 30, 2022. https://uadn.net/2022/03/30/support-ukrainian-startups-now-a-call-to-friends-of-ukraine-across-the-world/. 
  17. ↑ "AltaIR Capital Investor Profile: Portfolio & Exits" (in en). Pitchbook. https://pitchbook.com/profiles/investor/10560-70. 
  18. ↑ 18.0 18.1 "Altair Capital – Investments, Portfolio & Exits" (in en). Tracxn. https://tracxn.com/d/venture-capital/altair-capital/__0fYvvlE_KToQe9y3hhmsoJSd1gRp9NDXsOeSSAVce9w/portfolio. 
  19. ↑ "AltaIR Capital's plans for 2022" (in en). Altair. https://altair.vc/plans_2022. 
  20. ↑ "14 Best VC Firms In Israel [2023 – Starter Story"] (in en). Starter Story. December 26, 2021. https://www.starterstory.com/israel-vc-firms. 
  21. ↑ "Altair Capital" (in en). Unicorn Nest. December 26, 2021. https://unicorn-nest.com/funds/altair-capital/. 
  22. ↑ "Accel и AltaIR Capital инвестировали в пермский стартап $25 млн" (in ru). РБК. November 9, 2018. https://perm.rbc.ru/perm/freenews/5be56f0f9a7947bfc81136f2. 
  23. ↑ "The Venture Capital Market in a Pandemic: Realities of Time and Future Prospects" (in en). FINANCE: THEORY AND PRACTICE. December 26, 2021. https://financetp.fa.ru/jour/issue/viewFile/68/54?embed=1#page=90. 
  24. ↑ "Стартап Deel привлек $425 млн при оценке $5,5 млрд – он помогает нанимать людей со всего мира. Как компания связана с Украиной" (in ru). October 19, 2021. https://forbes.ua/ru/innovations/startap-deel-zaluchiv-425-mln-pri-otsintsi-55-mlrd-vin-dopomagae-naymati-lyudey-z-usogo-svitu-yak-kompaniya-povyazana-z-ukrainoyu-19102021-2613. 
  25. ↑ "Professional Networking Braces for a Tectonic Shift in 2023. Meet the Disruptors." (in en). Finance Yahoo. December 28, 2022. https://finance.yahoo.com/news/professional-networking-braces-tectonic-shift-134500180.html. 
  26. ↑ 26.0 26.1 "Igor Ryabenkiy: “A Europa tenim una tolerància molt baixa al fracàs”" (in en). Mon Economia. July 29, 2023. https://elmon.cat/moneconomia/empreses/startups/igor-ryabenkiy-europa-tenim-toleracia-baixa-fracas-32785/. 
  27. ↑ "AltaIR Capital collects $20 mln for startup fund" (in en). Venture Capital Journal. October 26, 2015. https://www.venturecapitaljournal.com/altair-capital-collects-20-mln-for-startup-fund/. 
  28. ↑ "OpenWeb Raises $150 Million In Series E To Improve Online Conversations, Support Cookieless Web" (in en). PR Newswire. November 9, 2021. https://www.prnewswire.com/news-releases/openweb-raises-150-million-in-series-e-to-improve-online-conversations-support-cookieless-web-301420060.html. 
  29. ↑ "Top 10 Startups in New York City" (in en). Basetemplates. https://www.basetemplates.com/startups/top-10-startups-in-new-york-city. 
  30. ↑ "VP, Business Development at OpenWeb" (in en). Built in NYC. https://www.builtinnyc.com/job/sales/vp-business-development/179856. 
  31. ↑ "Turing books $87M at a $1.1B valuation to help source, hire and manage engineers remotely" (in en). Techcrunch. December 20, 2021. https://techcrunch.com/2021/12/20/turing-books-87m-at-a-1-1b-valuation-to-help-source-hire-and-manage-engineers-remotely/. 
  32. ↑ "Verbit Company Profile: Valuation & Investors" (in en). Pitchbook. https://pitchbook.com/profiles/company/183369-34#signals. 
  33. ↑ "Fintech company Sunbit raises $130 million at $1.1 billion valuation". Calcalistech. May 20, 2021. https://www.calcalistech.com/ctech/articles/0,7340,L-3908090,00.html. 
  34. ↑ 34.0 34.1 "The 10 most active Israeli VCs" (in en). Pitchbook. May 6, 2022. https://pitchbook.com/news/articles/israel-most-active-vcs-tech-startups. 
  35. ↑ "BabyList Raises $620K in Seed Funding" (in en). Finsmes. July 1, 2013. https://www.finsmes.com/2013/07/babylist-raises-620k-seed-funding.html. 
  36. ↑ "Fintech startup Lili raises $55 million series B". Calcalistech. May 11, 2021. https://www.calcalistech.com/ctech/articles/0,7340,L-3907492,00.html. 
  37. ↑ "EquityBee Raises Additional $55 Million From Repeat Investor Group 11" (in en). Bloomberg. September 29, 2021. https://www.bloomberg.com/press-releases/2021-09-29/equitybee-raises-additional-55-million-from-repeat-investor-group-11. 
  38. ↑ "Squire Secures $8M in Series A Funding" (in en). Finsmes. June 25, 2019. https://www.finsmes.com/2019/06/squire-secures-8m-in-series-a-funding.html. 
  39. ↑ "Portfolio" (in en). Altair. https://altair.vc/portfolio. 
  40. ↑ "FlexEngage, Inc. announced that it has received $6 million in funding from a group of investors" (in en). Marketscreener. December 18, 2019. https://www.marketscreener.com/quote/stock/SYNCHRONY-FINANCIAL-17093673/news/FlexEngage-Inc-announced-that-it-has-received-6-million-in-funding-from-a-group-of-investors-34041834/. 
  41. ↑ "Gamified Photo-Sharing Startup GuruShots Raises $5 Million – CTech". Calcalistech. March 26, 2019. https://www.calcalistech.com/ctech/articles/0,7340,L-3759040,00.html. 
  42. ↑ "AltaIR Capital Portfolio Investments, AltaIR Capital Funds, AltaIR Capital Exits" (in en). Cbinsights. https://www.cbinsights.com/investor/altairvc. 
  43. ↑ "AltaIR Capital collects $20 mln for startup fund" (in en). Venture Capital journal. October 26, 2015. https://www.venturecapitaljournal.com/altair-capital-collects-20-mln-for-startup-fund/. 
  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. November 25, 2019. https://vc.ru/finance/93661-v-ssha-startap-mozhet-ne-dumat-o-mire-v-rossii-eto-silnyy-risk-igor-ryabenkiy-iz-altair-capital-o-rabote-investora. 
  45. ↑ "WeWork acquires Israeli startup Unomy to boost its enterprise sales efforts" (in en). Techcrunch. August 11, 2017. https://techcrunch.com/2017/08/10/wework-unomy/. 
  46. ↑ "Hometalk raises $15M to grow its DIY community" (in en). Techcrunch. April 3, 2019. https://techcrunch.com/2017/08/10/wework-unomy/. 
  47. ↑ "The Most Active VC Firms in Each State" (in en). Tech. June 1, 2016. https://tech.co/news/active-vc-firms-state-2016-06. 



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