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Key people at Altira Group.
Altira Group was founded in 1996 by Robert Shorr (co-founder and founder) and Dirk McDermott (Founder and Managing Partner).
Altira Group operates as a venture capital firm specializing in energy technology investments. It provides capital for advanced solutions and specialized service offerings across the energy value chain, primarily targeting companies in oil and gas services and related technology. The firm supports innovations enhancing efficiency and introducing new capabilities to the energy landscape.
Dirk McDermott founded Altira Group in 1996, serving as Managing Partner. His insight recognized the critical need for technological advancement within the traditional energy industry. McDermott identified opportunity to commercialize high-efficiency technologies, optimizing existing energy infrastructure rather than pursuing a transition from conventional sources.
The firm targets innovative startups and established companies developing solutions for the energy sector, particularly in oil and gas. Altira Group's mission centers on fostering innovation that drives operational improvements and sustainability. Through strategic capital deployment, the firm aims to propel development and adoption of technologies shaping future energy production.
Key people at Altira Group.
Altira Group was founded in 1996 by Robert Shorr (co-founder and founder) and Dirk McDermott (Founder and Managing Partner).
Altira Group has 4 tracked investments across 4 companies. The latest tracked deal is $10.4M Series A in IOTA Software in November 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 4, 2024 | IOTA Software | $10.4M Series A | Altira Group | — |
| May 20, 2020 | ThoughtTrace | $10.0M Series B | Scott Macdonald | Barbara Burger |
| Feb 13, 2012 | Novinda | $6.0M Series C | — | NEW Venture Partners |
| Jul 8, 2011 | OPX Biotechnologies | $36.5M Series C | Jonathan Koch | Braemar Energy Ventures, DBL Partners, Erik Straser, XSeed Capital |