AltaIR Capital

American venture capital company From Wikipedia, the free encyclopedia

AltaIR Capital, is an American venture capital company that was founded by Igor Ryabenkiy, a seasoned serial angel investor.[1][2][3][4]

Company typeLimited partnership
IndustryVenture capital / private equity
FounderIgor Ryabenkiy
Quick facts Company type, Industry ...
AltaIR Capital
Company typeLimited partnership
IndustryVenture capital / private equity
FounderIgor Ryabenkiy
Headquarters,
Area served
North America, Europe, Israel
Servicesventure capital
Websitewww.altair.vc
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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

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 $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

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]
  • Respond.io (an AI-powered business messaging platform founded by Gerardo Salandra)[39]

AltaIR Capital has completed multiple successful returns. These include:[40][18]

  • FlexEngage (a service that helps retailers personalize the post-purchase period)[41]
  • Gurushots (photography game)[42][43]
  • Klear (social intelligence platform)[44]
  • This is L (social enterprise and public-benefit corporation that makes organic personal care products)[45]
  • Unomy (sales & marketing intelligence platform)[46]
  • Hometalk (online DIY publisher)[47]

Awards and recognition

In 2016, CB Insight recognized AltaIR Capital as the most active venture capital investor in Delaware.[48]

In 2019, and 2022 PitchBook Data ranked AltaIR Capital No. 2 among the most active VCs in the Israeli market.[34]

In 2025, AltaIR Capital was ranked among the Top 2.5% venture capital firms in EMEA by Dealroom as part of its Power Law Investor Ranking, which evaluates over 22,000 investors based on portfolio outcomes.[49]

References

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