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764 Alt Capital Raises $150 Million Fund, Extending Altman Brothers’ Funding Spree

The Information
Natasha Mascarenhas @ The Information · 02/01/2024 11:52 EDT

Alt Capital Raises $150 Million Fund, Extending Altman Brothers’ Funding Spree

Sam Altman’s younger brother Jack has raised a $150 million venture fund to invest in early-stage startups through his VC firm Alt Capital, the younger Altman said in an interview. The fund plans to lead or co-lead investments in startups right after they incorporate, with a focus on enterprise software, including artificial intelligence startups.

The fundraising comes weeks after Jack Altman said he would step down as CEO of HR startup Lattice, which he co-founded, to become executive chairman. The fund,.

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