TLDR:
- Altira Group LLC has closed Altira Technology Fund VII, focusing on energy transformation within oil & gas and industrial sectors.
- Fund VII targets growth-stage investments in digital solutions, automation, emissions reduction, and strengthening operations.
Altira Group LLC has announced the successful closing of Altira Technology Fund VII, aimed at driving energy transformation within the oil & gas and industrial sectors. The fund builds upon the legacy of Altira Technology Fund VI, partnering with tech-forward oil & gas companies to lead the industry towards a lower carbon and higher-return future through cutting-edge technology. The fund brings together a partnership of seven industry-leading oil & gas companies and institutional investors to provide entrepreneurial companies with validation opportunities, testing grounds, and potential customers.
Altira’s strategic focus for Fund VII includes investing in digital solutions that unlock new value, automation technologies, emissions reduction technologies, and operational and financial performance enhancements. The fund aims to accelerate the adoption of transformative technologies across the entire energy value chain. Altira’s portfolio showcases successful investments in companies like Seeq, FlexGen, ThoughtTrace, ResFrac, and iNet, which have all made significant contributions to advancing the oil and gas industry through innovative technology solutions.
Altira’s approach as a relatively concentrated fund allows for close collaboration with portfolio companies, facilitating rapid scaling, access to customer feedback, and refining product-market fit. Fund VII marks a significant milestone in Altira’s journey, leveraging industry expertise and strategic partnerships to drive innovation, sustainability, and impact within the oil & gas sector. Through hands-on experienced business building and strategic partnerships with leading oil & gas companies, Altira aims to deliver strong investment outcomes and drive positive change in the industry.
