AltaIR Capital investment company has launched a $ 300 million fund to invest in late-stage startups

The new fund is focused on supporting global startups at the late stage and pre-IPO stage. The technology of the fund focuses focus on fintech, services for increasing productivity and efficiency of distributed teams, insurance, digital medicine, education, artificial intelligence and machine learning. The fund plans to invest in 30-50 projects over three years.

It is planned that the volume of the fund will reach $ 300 million, while it has attracted more than $ 50 million.

The company will select startups in the areas of fintech, increasing productivity and efficiency of distributed teams, insurance, digital medicine, education, artificial intelligence and machine learning.

The late-stage fund will invest in startups through the purchase of stakes from early-stage investors.

AltaIR Capital was founded by Igor Ryabenky in 2005. The company already had four funds and all for investment in startups at an early stage, AltaIR Capital notes.

The company has invested in more than 300 tech startups, including a remote team collaboration platform Miro, a fintech startup Albert, a Turing hiring platform, a small business management service Squire and more.
Totally, the funds manage more than $ 400 million, and has completed more than 20 successful exits as of March 2021, the website indicates.