Dirk McDermott Overview

  • Primary Position
  • Founder & Managi...

  • Primary Industry
  • Energy

  • Active Board Seats
  • 3

  • Med. Deal Size

  • Med. Valuation

Dirk McDermott General Information

Biography

Mr. Dirk McDermott is the Founder and serves as Managing Partner at Altira Group. He serves as Chairman of Infrastructure Networks ("iNet"). He serves on the Board of Directors for three Altira portfolio companies: Gen4 Energy, FlexGen, Infrastructure Networks, and Govinda. He serves as Board Member, Member of the Audit Committee & Member of the Compensation Committee at MicroSeismic. He is a past Director of Research Partnership for Secure Energy America (RPSEA) and serves on the Petroleum Investment Committee at Stanford University. He also served as the Board Member at Premier Oilfield Equipment. He is the founder of Altira Group LLC, a Denver-based venture capital firm with a focus on energy investing. He has over 25 years as an investor, manager, and scientist in the energy industry. His experience includes operating in the upstream oil and gas sector as the Chief Geophysicist of a major independent producer and serving as the lead institutional investor and Director of Canyon Offshore. Dirk began his career with Louisiana Land and Exploration Company (LL&E) as a geophysicist working on exploration and production projects around the world. During his twelve year tenure he held a variety of positions including Chief Geophysicist of LL&E's Canadian subsidiary. After obtaining his MBA from Stanford University in 1991, Dirk turned his career towards venture investing in energy and energy technologies. In 1993, he co-founded Aspect Management, a Denver venture capital firm that managed the oil and gas portfolio of General Atlantic Partners and also invested in early stage oil and gas technology enterprises that were leaders in the application of 3D technology. During this period, he was instrumental in founding, funding, and managing oil and gas companies and technology companies, including General Atlantic Resources, Brigham Oil and Gas, Southtech Exploration, Geographix, and Coherence Technology Company. In addition to his MBA, Dirk holds a Master's of Science in Geophysics from Stanford University.

Contact Information

Primary Position
Founder & Managing Partner, Altira Group
Education
Stanford University, MBA (Master of Business Administration)
Stanford University, MS (Master of Science)
Gender
Male
Email
dm
Phone
+1 (303)
Address
  • 205 Detroit Street
  • Suite 200
  • Denver, CO 80206
  • United States
+1 (303)

Dirk McDermott Positions (1)

Firm name Firm type Title Location Industry Since
Altira Group Investor Founder & Managing Partner Denver, CO Venture Capital

Dirk McDermott Board Seats (4)

Company Industry Ownership Status Financing Status Location Since
FlexGen (Energy Storage) Energy Storage Privately Held (backing) Venture Capital-Backed Durham, NC
iNet (Connectivity Products) Connectivity Products Privately Held (backing) Venture Capital-Backed Houston, TX
MicroSeismic Other Energy Services Acquired/Merged Private Equity-Backed Houston, TX
ResFrac Business/Productivity Software Privately Held (backing) Venture Capital-Backed Palo Alto, CA

Dirk McDermott Lead Partner on Deals (19)

Dirk McDermott has been the lead partner on 19 deals. Their latest deal was with FlexGen (Energy Storage), a energy storage company. The deal was made for on 15-Jul-2022.

Company Deal Date Deal Type Deal Size Deal Status Industry Location
FlexGen (Energy Storage) 15-Jul-2022 Later Stage VC (Series C) Completed Energy Storage Durham, NC
FlexGen (Energy Storage) 25-Aug-2021 Completed Energy Storage Durham, NC
ResFrac 19-Jul-2018 Completed Business/Productivity Software Palo Alto, CA
Kaiser Premier 09-Jan-2015 Completed Environmental Services (B2B) Fort Morgan, CO
OPX Biotechnologies 31-Mar-2014 Completed Other Chemicals and Gases Boulder, CO
Gen4 Energy 28-Aug-2012 Completed Other Energy Services Denver, CO
OPX Biotechnologies 05-Jul-2011 Completed Other Chemicals and Gases Boulder, CO
OPX Biotechnologies 17-Feb-2009 Completed Other Chemicals and Gases Boulder, CO
Gen4 Energy 03-Jun-2008 Early Stage VC (Series A) Completed Other Energy Services Denver, CO
DeepFlex 07-Apr-2008 Later Stage VC (Series C) Completed Industrial Supplies and Parts Houston, TX

Dirk McDermott Network (120)

Board Members (33)

Name Company Representing Location From
Joshua Prueher FlexGen (Energy Storage) Self Durham, NC
Christine Hommes iNet (Connectivity Products) Apollo Global Management Houston, TX
ResFrac ResFrac Palo Alto, CA
OPX Biotechnologies Self Boulder, CO
ResFrac Self Palo Alto, CA

Portfolio Executives (81)

Name Company Role Deal date Location
Gary Lawson JD FlexGen (Energy Storage) Chief Financial Officer 15-Jul-2022 Durham, NC
John Litsas FlexGen (Energy Storage) Chief Financial Officer 15-Jul-2022 Durham, NC
FlexGen (Energy Storage) Manager, Operations 15-Jul-2022 Durham, NC
FlexGen (Energy Storage) Vice President, Operations & Customer Engineering 15-Jul-2022 Durham, NC
FlexGen (Energy Storage) Advisor 15-Jul-2022 Durham, NC

Fund Team Members (6)

Name Investor Fund Fund Location
James Newell Altira Group Altira Technology Fund IV Denver, CO
James Newell Altira Group Altira Technology Fund III Denver, CO
Altira Group Denver, CO
Altira Group Denver, CO
Altira Group Denver, CO

Dirk McDermott Affiliated Funds (5)

Fund Investor Fund Type Status Vintage Size Dry Powder IRR IRR Quartile
Altira Technology Fund IV Altira Group Venture - General Liquidated 2002
Altira Technology Fund V Altira Group Venture - General Fully Invested 2007
Altira Technology Fund VI Altira Group Venture - General Closed 2012
Altira Technology Fund III Altira Group Venture - General Liquidated 2001
Altira Technology Fund II Altira Group Venture - General Liquidated 1998

Dirk McDermott FAQs

  • Who is Dirk McDermott?

    Mr. Dirk McDermott is the Founder and serves as Managing Partner at Altira Group.

  • How much does Dirk McDermott typically invest?

    Dirk McDermott's median deal size is .

  • What is Dirk McDermott’s main position?

    Dirk McDermott’s primary position is Founder & Managing Partner.

  • What are the contact details for Dirk McDermott?

    Dirk McDermott’s email address is dm and his phone number is +1 (303) .

  • How many active board seats does Dirk McDermott hold?

    Dirk McDermott holds 4 board seats including FlexGen (Energy Storage), iNet (Connectivity Products), MicroSeismic, and ResFrac.

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