Dirk McDermott Overview
- Firm
- Altira Group
- Primary Position
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Founder & Managi...
- Primary Industry
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Energy
- Active Board Seats
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3
- Med. Deal Size
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- Med. Valuation
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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
Address
- 205 Detroit Street
- Suite 200
- Denver, CO 80206
- United States
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 |
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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
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Who is Dirk McDermott?
Mr. Dirk McDermott is the Founder and serves as Managing Partner at Altira Group.
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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.
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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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