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Alt Capital is a San Francisco-based early-stage venture capital firm founded by Jack Altman, who previously founded Lattice, an HR and people management platform. Established in 2023, the firm has quickly made its mark in the venture capital landscape by raising a total of $424 million across two funds within a span of two years. Fund I, launched in early 2024, secured $150 million, while Fund II closed at $274 million in late 2024 or early 2025.
Alt Capital's investment strategy emphasizes a founder-led approach, focusing on supporting innovative startups that demonstrate potential for growth. The firm has built a reputation for its generalist investment philosophy, allowing it to explore a variety of sectors, primarily in enterprise software and AI. As of now, Alt Capital has invested in over 52 companies, showcasing its commitment to early-stage ventures.
Alt Capital invests in early-stage companies, specifically targeting sectors such as enterprise software, B2B AI, machine learning, and developer infrastructure. The firm operates with a flexible investment strategy, allowing it to adapt to various opportunities across these domains. Alt Capital typically invests in companies at the pre-seed, seed, and Series A stages, with check sizes ranging from $1 million to $10 million.
The firm’s investment thesis revolves around a founder-led approach, prioritizing the potential of the founders over specific categories. This strategy enables Alt Capital to build a concentrated portfolio of promising startups, enhancing its ability to provide tailored support and resources. Additionally, Alt Capital is recognized as a preferred co-investor for leading firms such as Sequoia and Y Combinator, which further strengthens its portfolio companies' access to valuable networks and resources.
Alt Capital's portfolio features a diverse range of companies, including:
These companies represent a mix of innovative solutions across the SaaS and AI sectors, highlighting Alt Capital's commitment to supporting early-stage ventures with significant growth potential.
Jack Altman — Founder and General Partner. Prior to founding Alt Capital, he founded Lattice, a prominent HR and people management platform. Altman has a strong background in supporting early-stage startups and has led multiple successful investments. His expertise lies in identifying promising founders and innovative business models.
In February 2026, Jack Altman joined Benchmark as a General Partner after leading Alt Capital for just two years. This transition raises questions about the future operations of Alt Capital, as Altman retains board seats at prior investments. The firm has successfully deployed capital into over 52 companies during its brief existence, showcasing its rapid growth and investment activity.
What are Alt Capital's investment criteria?
Alt Capital focuses on early-stage companies in sectors such as enterprise software, B2B AI, and machine learning. They typically invest at the pre-seed, seed, and Series A stages, with check sizes ranging from $1 million to $10 million.
How can I pitch to Alt Capital?
Founders interested in pitching to Alt Capital should prepare a concise deck that outlines their business model, market opportunity, and team background. While specific application forms are not mentioned, reaching out through professional networks or mutual connections may increase the chances of a warm introduction.
What makes Alt Capital different from other VCs?
Alt Capital emphasizes a founder-led investment philosophy, prioritizing the potential of the founders over specific industry categories. This approach allows them to build a concentrated portfolio and provide tailored support to their portfolio companies.
What is Alt Capital's geographic focus?
The firm primarily invests in companies based in the United States, allowing them to closely monitor and support their portfolio companies.
What is Alt Capital's post-investment involvement like?
Alt Capital provides strategic guidance and facilitates connections within the venture ecosystem, enhancing the resources available to their portfolio companies. They are known to co-invest with leading firms, which can further benefit their startups.
What is the current status of Alt Capital?
As of February 2026, Jack Altman joined Benchmark as a General Partner, which raises questions about the future operations of Alt Capital. However, he retains board seats at prior investments, indicating ongoing involvement with the firm.
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