DJIA53686.11 595.12
S&P 5007667.88 36.41
NASDAQ26584.06 385.86
Russell 20002968.27 6.47
German DAX25908.78 69.45
FTSE 10010758.15 1.70
CAC 408260.12 -20.51
EuroStoxx 506362.05 -0.80
Nikkei 22565020.94 806.46
Hang Seng25188.00 -123.21
Shanghai Comp3942.09 0.70
KOSPI6687.21 107.73
Bloomberg Comm IDX143.14 0.64
WTI Crude-fut91.47 -0.18
Brent Crude-fut90.76 -0.82
Natural Gas2.92 -0.01
Gasoline-fut3.11 -0.04
Gold-fut4520.30 88.10
Silver-fut67.34 -0.20
Platinum-fut1815.60 -13.50
Palladium-fut1420.00 -13.00
Copper-fut660.50 7.00
Aluminum-spot3195.00 0.00
Coffee-fut298.10 -11.35
Soybeans-fut1314.50 4.25
Wheat-fut752.25 -21.75
Bitcoin81097.27 -110.61
Ethereum USD2524.96 29.55
Litecoin51.24 -0.12
Dogecoin0.09 0.00
EUR/USD1.1615 0.0014
USD/JPY155.42 -3.33
GBP/USD1.3531 0.0028
USD/CHF0.8081 -0.0055
USD IDX99.10 0.10
US 10-Yr TR4.759 -0.003
GER 10-Yr TR3.3508 -0.0005
UK 10-Yr TR5.1474 0.0091
JAP 10-Yr TR2.909 0.003
Fed Funds3.75 0
SOFR3.65 -0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Real Assets  + VC  |  March 25, 2024
Altira Closes Energy-Focused Tech Fund
Joe Palmisano
By: Joe Palmisano

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.

Connect

Inside The Story

Altira Group

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints