Altimeter raises $2.5 billion VC fund

Altimeter Capital Management is raising new private markets funds, including a $2.5 billion venture capital fund targeting late-stage, pre-IPO companies and another fund seeking up to $900 million for younger startups. The firm previously invested in financing rounds for prominent artificial intelligence companies such as OpenAI and Anthropic. An Altimeter spokesperson declined to comment on the fundraising efforts. Open article →