Altimeter Capital

Altimeter is a technology-focused investment firm managing a public equity fund and growth-stage private equity funds.

ActiveVenture Capital

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Updated: Feb 17, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 12, 2026	Anthropic	$30.0B Series G	Coatue, D. E. Shaw & Co., Dragoneer Investment Group, Founders Fund, GIC, ICONIQ Capital, MGX	Accel, Addition, Alpha Wave Global, AMP PBC, Appaloosa Management, Baillie Gifford, Bessemer Venture Partners, BlackRock, Blackstone Group, D1 Capital Partners, Fidelity, General Catalyst, Goldman Sachs Alternatives, Greenoaks, Insight Partners, Jane Street Capital, JP Morgan Chase, Lightspeed Venture Partners, Menlo Ventures, Microsoft, Morgan Stanley Investment Management, NVIDIA, NX1 Capital, Qatar Investment Authority, Sands Capital Ventures, Sequoia Capital, Temasek Holdings, TowerBrook Capital Partners, TPG, Whale Rock Capital Management, XN
Feb 4, 2026	Cerebras Systems	$1.0B Series H	Atreides Management, Fidelity, Tiger Global Management	1789 Capital, Alpha Wave Global, AMD, Benchmark, Coatue, Valor Equity Partners
Oct 1, 2025	Base Power	$1.0B Series C	—	8090 Industries, 8VC, Addition, Afore Capital, Andreessen Horowitz, Contrary Capital, CRV, Dragonfly Capital Partners, DST Global, Felicis Ventures, Founders Fund, J2 Ventures, Kleiner Perkins, Kohala Ventures, Lux Capital, M12, Marlinspike, NFX, Open AI Startup Fund, Ravelin Capital, Sequoia Capital, Thrive Capital, Trust Ventures, Verified Capital, Village Global, XYZ Venture Capital, Elad Gil, Eric Futoran, Larry Braitman, Lawrence Braitman, Ron Pragides
Oct 1, 2025	Crosby	$20.0M Series A	—	Addition, Afore Capital, Andreessen Horowitz, Contrary Capital, Curie.Bio, Khosla Ventures, Kleiner Perkins, Operator Partners, Saga, Sequoia Capital, Thrive Capital, Trust Ventures, Balaji Srinivasan, Elad Gil, Eric Wu, Karim Atiyeh, Max Mullen, Patrick Collison, Scott Belsky
Oct 1, 2025	AlgoX2	$4.0M Seed	—	Battery Ventures, Benchmark, Bessemer Venture Partners, Bond, Citi Ventures, Coatue, FirstMark Capital, Hanabi Capital, IVP, Khosla Ventures, Lightspeed Venture Partners
Sep 1, 2025	Distyl AI	$180.0M Series B	—	C2 Investment, FirstHand Alliance, Lightspeed Venture Partners
Aug 1, 2025	TensorZero	$7.0M Seed	—	Battery Ventures, Benchmark, Bessemer Venture Partners, Bond, Citi Ventures, Coatue, FirstMark Capital, Hanabi Capital, IVP, Khosla Ventures, Lightspeed Venture Partners
Aug 1, 2025	Vulcan Elements	$65.0M Series A	—	Abstract Ventures, Forerunner Ventures, Index Ventures, Union Square Ventures, Weekend Fund, Amjad Masad, Gokul Rajaram, Scott Belsky
May 1, 2025	ClickHouse	$350.0M Series C	—	Accel, AIX Ventures, Battery Ventures, Benchmark, Bessemer Venture Partners, Bond, C2 Investment, Citi Ventures, Coatue, Costanoa Ventures, DTCP, Felicis Ventures, FirstMark Capital, Flex Capital, Foundation Capital, General Catalyst, Vidu Shanmugarajah, Hanabi Capital, Innovation Endeavors, IVP, Khosla Ventures, Lightspeed India Partners, Lightspeed Venture Partners, M12, Maven Ventures, MMC Ventures, Philip Chopin, Shailendra Singh, Preston-Werner Ventures, Redpoint Ventures, Swift Ventures, TCV, The Hit Forge, Todd and Rahul's Angel Fund, Trinity Ventures, Vertex Ventures, Wing Venture Capital, Y Combinator, York IE, Alex Stamos, Amjad Masad, Augusto Marietti, Balaji Srinivasan, Ben Tossell, Bob Muglia, Christian Reber, Christopher Golda, Dylan Field, Gerhard Eschelbeck, Jeff Bezos, Kevin Weil, Kyle York, Mark Cuban, Mattia Astori, Peter Sonsini, Scott Belsky, Shane Neman, Stanley Druckenmiller, Tobias Lutke, Yann LeCun
Apr 1, 2025	Revel	$23.0M Series A	—	Abstract Ventures, Accel, Addition, Blossom Capital, C2 Investment, Felicis Ventures, Forerunner Ventures, Lux Capital, SoftBank Investment Advisers, Thrive Capital, Union Square Ventures, Weekend Fund, Amjad Masad, Dylan Field, Gokul Rajaram, Scott Belsky
Apr 1, 2025	Base Power	$200.0M Series B	—	8090 Industries, Addition, Afore Capital, Andreessen Horowitz, Contrary Capital, Felicis Ventures, Founders Fund, Lux Capital, M12, Marlinspike, NFX, Thrive Capital, Trust Ventures, Elad Gil, Eric Futoran, Ron Pragides
Mar 1, 2025	Arcade	$25.0M Series A	—	5AM Ventures, Abstract Ventures, Accolade Partners, Acrew Capital, Act One Ventures, Adverb Ventures, AirAngels, Alumni Ventures, American Express Ventures, AngelCube, Jana Messerschmidt, ATX Venture Partners, Bain Capital Ventures, Adeyemi Ajao, Canaan Partners, Company Capital, CP Ventures, Fabric Ventures, Forerunner Ventures, Foundation Capital, Greylock, Homebrew, Index Ventures, Inspired Capital, Kleiner Perkins, Klossy, Offline Ventures, Otherwise Fund, Owl Ventures, Pantera Capital, Pioneer Fund, Precursor Ventures, RevTech Ventures, Sequoia Capital, Serena Ventures, Seven Seven Six, Sound Ventures, Stage 2 Capital, The General Partnership, Torch Capital, Union Square Ventures, Upfront Ventures, Vamos Ventures, Weekend Fund, Amjad Masad, Emanuel Pleitez, Evan Williams, Fareed Mosavat, Gokul Rajaram, Jeffrey Wilke, Joanne Bradford, John Legend, Jonathan Widawski, Marissa Mayer, Mathilde Collin, Scott Belsky, Stewart Butterfield
Feb 1, 2025	Reservoir	$14.0M Series A	—	Abstract Ventures, Forerunner Ventures, Insight Partners, Square Peg Capital, TLV Partners, Union Square Ventures, Vine Ventures LP, Weekend Fund, Amjad Masad, Gokul Rajaram, Scott Belsky
Oct 1, 2024	Agency AI	$12.0M Seed	—	Afore Capital, Array Ventures, C2 Investment, Chingona Ventures, CoFound Partners, Conviction Partners, Divergent Capital, FirstHand Alliance, Index Ventures, LAUNCH, Lightspeed Venture Partners, Matchstick Ventures, Origin Ventures, Propeller VC, Renegade Partners, Sequoia Capital, SignalFire, Techstars, WestWave Capital, Gautam Gupta, Reshma Saujani, Varsha Rao
Sep 1, 2024	Distyl AI	$20.0M Series A	—	Aglae Ventures, Jana Messerschmidt, C2 Investment, Earl Grey Capital, FirstHand Alliance, Hyper, Innovation Endeavors, KRM Interests LLC, Lerer Hippeau, Lightspeed Venture Partners, Northzone, Placeholder, Redpoint Ventures, Sarona Ventures, Seven Seven Six, The Hit Forge, Volt Capital, Weekend Fund, Y Combinator, Balaji Srinivasan, Ben Davenport, Ben Porterfield, Casey Neistat, DROdio - Daniel R. Odio, Florian Huber, Fredrik Hjelm, Paul Yacoubian, Sahil Lavingia, Sahin Boydas, Scott Belsky, Varsha Rao
Apr 1, 2024	Splash	$5.0M Seed	—	20VC, Abstract Ventures, AirAngels, Buckley Ventures, Coalition Operators, Earl Grey Capital, Forerunner Ventures, Mantis VC, Pareto Holdings, Slow Ventures, Trust Fund, Union Square Ventures, Volition Capital, Weekend Fund, Amjad Masad, Baron Davis, Claire Hughes Johnson, George Ruan, Gokul Rajaram, Julian Shapiro, Louis Beryl, Manik Gupta, Mathilde Collin, Melissa Tan, Ryan Tedder, Scott Belsky, Siqi Chen, Tyler Willis, Vindi Banga
Feb 1, 2024	Subscribili	$4.0M Seed	—	Abstract Ventures, Forerunner Ventures, Union Square Ventures, Weekend Fund, Amjad Masad, Scott Belsky
Feb 1, 2024	Clumio	$75.0M Series D	—	Dragoneer Investment Group, Sangeen Zeb, Modern Venture Partners, Operator Collective, Sutter Hill Ventures, Tiger Global Management, Wasabi Ventures, Catherine Lu
Dec 1, 2023	Lutra AI	$4.0M Seed	—	Abstract Ventures, Camber Creek, Crosscut Ventures, Energy Impact Partners, Forerunner Ventures, Sequoia Capital, Union Square Ventures, Weekend Fund, XStarPartners, Amjad Masad, Gokul Rajaram, Ray Wirta, Scott Belsky
Dec 1, 2023	Kosmik	$4.0M Seed	—	Abstract Ventures, Forerunner Ventures, Union Square Ventures, Weekend Fund, Y Combinator, Daniel Kan, Gokul Rajaram, Max Mullen, Scott Belsky
Nov 1, 2023	Anon	$5.0M Seed	—	186 Ventures, Abstract Ventures, Kevin Hartz, Accomplice VC, AirAngels, Alumni Ventures, Arrive, Avalanche VC, Baseline Ventures, Benchmark, Blockchain Capital, Boston Seed Capital, C2 Investment, Energy Revolution Ventures, FirstHand Alliance, Greylock, Haun Ventures, Impellent Ventures, Initialized Capital, Innovation Endeavors, Lightspeed Venture Partners, Liquid 2 Ventures, NextGen Venture Partners, NextView Ventures, NFX, Operator Collective, Otherwise Fund, Predictive VC, The Hit Forge, Tiger Global Management, Uncork Capital, Union Square Ventures, Village Global, VitalStage Ventures, Weekend Fund, Y Combinator, Akshay Kothari, Arash Ferdowsi, Bob Young, David Chang, Gokul Rajaram, Jeff Hammerbacher, Jeff Seibert, Jennifer Lum, Kanjun Qiu, Paul Yacoubian, Scott Belsky, Siqi Chen, Stanley Druckenmiller, Suhail Doshi
Aug 1, 2023	Fulcrum	$18.0M Series A	—	01 Advisors, 75 & Sunny, Abstract Ventures, Kevin Hartz, Acrew Capital, AllerFund, AME Cloud Ventures, Battery Ventures, B Capital Group, Bessemer Venture Partners, Bonfire Ventures, Boosted Commerce, Bryant Stibel, Cedar Capital Group, Chemistry VC, Electric Ant, Fifth Wall, First Round Capital, Hardware Club, IrishAngels, Ironspring Ventures, JetBlue Technology Ventures, LaunchPad, Lead Edge Capital, Motivate Ventures, Nine Four Ventures, Nonlinear, Operator Collective, Pelion Venture Partners, Quiet Capital, QVentures, Rally Ventures, Sapphire Ventures, Schematic Ventures, Shine Capital, Sixty8 Capital, SOSV, Stormbreaker, Techstars, Torch Capital, Charlie Songhurst, Doug Berg, Elie Seidman, Jeffrey Wilke, Jeremy Zimmer, Joseph Aamidor - Aamidor Consulting, Josh Yguado, Karl Peterson, Marc Lasry, Michael Ryan Dubin, Michael Stoppelman, Nicolas Berggruen, Sean Rad
Jun 1, 2023	Zendata	$150K Seed	—	C2 Investment, FirstHand Alliance, Lightspeed Venture Partners
Apr 1, 2023	Distyl AI	$7.0M Seed	—	Aglae Ventures, Alkeon Capital, Jana Messerschmidt, Balderton Capital, BoxOne Ventures, Buckley Ventures, C2 Investment, Matt Ocko, Earl Grey Capital, Endeavor Venture Funds, FirstHand Alliance, Goat Capital, Gradient Ventures, Granite Asia, GSV Ventures, Hyper, Innovation Endeavors, Koch Fund, KRM Interests LLC, LAUNCH, Lerer Hippeau, Lightspeed Venture Partners, Maven Ventures, Northzone, Pario Ventures, Placeholder, Redpoint Ventures, Runa Capital, Sarona Ventures, Seven Seven Six, Shaan's All Access Fund, The Hit Forge, Tiger Global Management, Volt Capital, Weekend Fund, Y Combinator, Aaron King, Aaron Rankin (Sprout Social), Adam Michalski, Balaji Srinivasan, Ben Davenport, Ben Porterfield, Bill Tai, Casey Neistat, Chris Fanini, Daniel Kan, DROdio - Daniel R. Odio, Emmett Shear, Florian Huber, Fredrik Hjelm, Immad Akhund, Jason Hunt, Jay Jamison, Kyle Vogt, Mikhail Seregine, Oleg Rogynskyy, Paul Yacoubian, Sahil Lavingia, Sahin Boydas, Scott Belsky, Ted Serbinski, Varsha Rao, Vikas Gupta, Viral Bajaria, Vishal Rao
Jan 1, 2023	Chronosphere	$120.0M Series C	—	Accel, Addition, Alumni Ventures, Arbor Ventures, Avalanche VC, Bessemer Venture Partners, Blockchain Capital, Blossom Capital, Dragoneer Investment Group, Felicis Ventures, FirstHand Alliance, Founders Fund, General Atlantic, Geodesic Capital, Greylock, Sangeen Zeb, GV, Initialized Capital, Innovation Endeavors, Lux Capital, Modern Venture Partners, Operator Collective, SoftBank Investment Advisers, Spark Capital, Sutter Hill Ventures, Tiger Global Management, True Ventures, U&I Ventures, Wasabi Ventures, Amjad Masad, Bob Young, Catherine Lu, Jeff Hammerbacher

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Altimeter Capital.

Leadership Team

Key people at Altimeter Capital.

Deep Dive

High-Level Overview

Altimeter Capital is a technology-focused investment firm that manages both public equity and private growth-stage funds. Its mission is to support visionary entrepreneurs in building iconic companies that disrupt markets and improve lives across all growth stages. The firm invests primarily in technology sectors, including enterprise software, fintech, AI, communications, and information technology, with a strong presence in both early and later-stage private companies as well as public technology equities. Altimeter plays a significant role in the startup ecosystem by providing not only capital but also long-term partnership and operational support to help companies scale and transition successfully into public markets[1][2][4].

Origin Story

Founded in 2008 by Brad Gerstner during the financial crisis with under $3 million from friends and family, Altimeter Capital began in Boston and quickly expanded to Menlo Park, California. Gerstner brought experience from PAR Capital Management and General Catalyst. The firm initially focused on public equity investments but expanded into venture capital with its first private fund closing at $75 million in 2013. Since then, Altimeter has grown its private funds significantly and launched a SPAC in 2020 to facilitate public listings for tech companies, exemplified by the Grab merger[1].

Core Differentiators

Unique Investment Model: Combines public equity long/short strategies with private growth equity funds, allowing diversified exposure to technology companies at various stages.
Network Strength: Offices in Boston and Silicon Valley provide access to key innovation hubs and a broad network of founders and industry experts.
Track Record: Noted for strong public fund performance, averaging nearly 30% annual returns from 2011 to 2021.
Operating Support: Positions itself as a founder-friendly partner, offering strategic guidance and support throughout growth and public market transitions.
Sector Focus: Deep expertise in enterprise, fintech, AI, and communications technology sectors, investing across early to late-stage rounds[1][2][4].

Role in the Broader Tech Landscape

Altimeter Capital rides the wave of rapid technological innovation and digital transformation, particularly in enterprise software, fintech, and AI. The timing aligns with increasing demand for scalable tech solutions and public market appetite for high-growth tech companies. By bridging private growth capital and public equity markets, Altimeter influences the ecosystem by enabling startups to scale efficiently and access public capital, thus accelerating innovation cycles and market disruption. Its involvement in SPACs also reflects a strategic adaptation to evolving capital markets for tech IPOs[1][2][4].

Quick Take & Future Outlook

Looking ahead, Altimeter Capital is poised to continue leveraging its dual public-private investment model to capitalize on emerging technology trends such as AI, cloud computing, and fintech innovation. The firm’s founder-centric approach and operational support will likely enhance its influence as a key partner for tech companies navigating growth and public market entry. Market forces favoring technology adoption and digital transformation suggest Altimeter’s role will expand, potentially increasing its fund sizes and portfolio impact. Its ability to adapt to new capital-raising mechanisms like SPACs also positions it well for future market dynamics[1][2][6].

Sources

High-Level Overview

Origin Story

Core Differentiators

Unique Investment Model: Combines public equity long/short strategies with private growth equity funds, allowing diversified exposure to technology companies at various stages.
Network Strength: Offices in Boston and Silicon Valley provide access to key innovation hubs and a broad network of founders and industry experts.
Track Record: Noted for strong public fund performance, averaging nearly 30% annual returns from 2011 to 2021.
Operating Support: Positions itself as a founder-friendly partner, offering strategic guidance and support throughout growth and public market transitions.
Sector Focus: Deep expertise in enterprise, fintech, AI, and communications technology sectors, investing across early to late-stage rounds[1][2][4].