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Altira Group Closes Technology Fund VII

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Altira Group, LLC, a Denver, CO-based energy-focused venture capital firm, closed Altira Technology Fund VII.

Fund VII received support from seven oil & gas companies alongside industry-experienced institutional investors. With the close of the new vehicle, the firm has expanded its commitment to energy transformation within oil & gas and other industrial sectors. Fund VII aims to accelerate the diversification and renewal of oil & gas, lowering carbon, and to enhance the financial returns of their partnership. 

The fund targets key areas like:

  • Digital Solutions – Unlocking new sources of value for companies and knowledge workers by enabling the past decade of big data, data analytics, and AI initiatives
  • Automation – Combining digital advancements with real-world assets and equipment
  • Emissions Reduction – Deploying new sensing, measuring, and emissions management technologies
  • Strengthen Beachheads – Enhancing operational and financial performance across the legacy value chain of subsurface, development, & production.

Fund VI invested in Seeq, FlexGen, ThoughtTrace, ResFrac, and iNet, among others.  

Led by Dirk McDermott, Founder and Managing Partner, Sean Ebert, Senior Partner, Altira is a venture capital firm that has funded advanced technology solutions across the energy value-chain for the last 25 years. Working with their oil & gas industry limited partners, they enable the next generation of energy and industrial technologies, driving innovation across digital, industrial automation, climate, and core oil & gas operations of subsurface, development, and production.

VCWire

18/03/2024