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US Altira closes $64m energy technology fund

28/05/2003Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityColorado-based early-stage venture firm, Altira Group, has closed its latest fund at $64m. Altira's fourth fund is its largest to date and will invest in energy-oriented technology companies.

Altira Technology Fund IV will invest in technology opportunities in oil and gas, information technology for the energy industry, power generation, transmission and distribution, and renewable energy. The firm typically invests between $1m and $3m in North American companies.

Current Altira porfolio companies include RigNet, which provides network services to offshore oil rigs, Geodynamic Solutions, which provides web-based mapping systems for the oil industry, and Pixxures, which creates detailed maps for oil companies.

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