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Alternative Assets  + Real Assets  + VC  | 
Altira Closes Energy-Focused Tech Fund

Altira Closes Energy-Focused Tech Fund

Altira Group, a Denver-based energy focused venture capital firm, closed its growth-stage Altira Technology Fund VII.

Fund VII received support from seven oil & gas companies alongside institutional investors. With the closing of the new vehicle, the firm has expanded its commitment to energy transformation within oil & gas and other industrial sectors.

“Together, instead of transitioning away from oil & gas, we’ll not only empower the next generation of innovators to responsibly transform how we explore, produce, and manage energy resources, but we’ll export technologies born in oil & gas to other sectors,” said Dirk McDermott, Altira founder and managing partner.

The firm’s predecessor fund invested in data analytics firm Seeq, energy storage technology & service company FlexGen, and AI-enabled contract analytics technology firm ThoughtTrace, among others.

Led by McDermott and Sean Ebert, senior partner, Altira has funded advanced technology solutions across the energy value-chain for the last 25 years.

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Altira Group

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.