Altimeter Capital

Brad Gerstner founded Altimeter in 2008. In an interview published in December 2023, he recalled starting with less than $5 million and subsequently building public and private market investing businesses. The website describes Altimeter as a technology-focused investment firm supporting companies’ long-term growth through public and private investment funds.⁠[1][2]

Skift reported that Brad Gerstner had raised a $75 million venture capital fund, focused on travel but not restricted to travel companies. The amount is the capital raised for that particular fund.⁠[3]

Snowflake announced a $45 million Series C led by Altimeter Capital, with existing investors Redpoint Ventures, Sutter Hill Ventures and Wing Venture Capital participating. The announcement put total funding after the round at $71 million. The $45 million was the total round, not Altimeter’s separately disclosed contribution.⁠[4]

Altimeter Capital and PAR Capital published a letter to United Continental Holdings shareholders proposing six directors, led by former airline executive Gordon Bethune. The firms said they sought improved operations and governance. Criticism of the existing board and performance in the letter represents the nominators’ assertions.⁠[5]

United Continental Holdings signed an agreement with Altimeter, PAR and other parties to expand its board from 15 to 17 directors, adding Edward L. Shapiro and Barnaby M. Harford and agreeing to identify another independent director jointly within six months. Altimeter Partners withdrew its earlier nomination notice. The agreement included standstill commitments from the investors. The company disclosed it in a Form 8-K the next day.⁠[6]

Altimeter Growth Corp. 2 completed an IPO of 45 million Class A ordinary shares at $10 each, raising $450 million, including 5 million shares under the underwriters’ overallotment option. Its prospectus identified sponsor Altimeter Growth Holdings 2 as an affiliate of Altimeter Capital Management. The SPAC is a separate legal entity.⁠[7][8]

Grab announced plans to merge with Altimeter Growth Corp., with an expected combined equity value of approximately $39.6 billion. The proposed transaction included more than $4 billion in private investment in public equity (PIPE), including $750 million committed by Altimeter-managed funds. It also provided for a three-year sponsor-share lockup and donation of some sponsor interests to GrabForGood. These values and funding amounts reflected the transaction as announced.⁠[9]

FTXFTXFTX was a cryptocurrency exchange founded in 2019 by Sam Bankman-Fried and Gary Wang that operated FTX.com, moved its headquarters from Hong Kong to the Bahamas in 2021 and was valued at $32 billion in January 2022. In November 2022 it filed for U.S. bankruptcy protection amid a liquidity crisis, and Bankman-Fried was later convicted of fraud and related charges. Its reorganization plan took effect in January 2025, after which the FTX Recovery Trust began paying creditors in stages.Open the full entry Trading announced a $900 million Series B at an $18 billion valuation, with more than 60 investors; Altimeter Capital was on the investor list. Its individual contribution was not disclosed.⁠[10]

Grab announced completion of its business combination with Altimeter Growth Corp. Total proceeds were $4.5 billion, including a $4 billion PIPE and $750 million invested by Altimeter-managed funds. The announcement expected Grab shares to begin NasdaqNasdaqNasdaq is an exchange operator and financial technology company headquartered in New York. It runs The Nasdaq Stock Market and other markets and provides capital markets technology, regulatory technology, and data and index services. Founded in 1971, it combined with OMX AB in 2008, and in March 2026 the U.S. Securities and Exchange Commission approved its rules for trading tokenized securities.Open the full entry trading under GRAB the following day. Proceeds, equity valuation and Altimeter’s contribution are distinct measures.⁠[11]

Writing for Altimeter, Brad Gerstner urged Mark ZuckerbergMark ZuckerbergMark Zuckerberg is the founder of Facebook, Chairman and CEO of Meta, and a co-founder of the Chan Zuckerberg Initiative. His work spans social networking, virtual reality, and artificial intelligence.Open the full entry and Meta’s board to reduce personnel-related expenses by at least 20%, lower annual capital expenditure from $30 billion to $25 billion, and cap metaverse spending at $5 billion a year. The first proposal concerned personnel costs, rather than an explicit demand to cut headcount by 20%. These were investor recommendations, not measures already implemented.⁠[12]

FTX Trading and related companies filed for Chapter 11 protection in the United StatesUnited StatesThe United States is a federal country in North America made up of 50 states, the District of Columbia as the seat of government, and territories such as Puerto Rico and Guam; its capital is Washington, D.C. The Continental Congress adopted the Declaration of Independence on July 4, 1776. The 2020 census (April 1, 2020) counted a resident population of 331,449,281, and the 435 seats of the House of Representatives are apportioned among the states on the basis of the census.Open the full entry. FTX’s November 22 announcement about initial court orders confirmed the November 11 filing date. Earlier fundraising announcements establish Altimeter’s participation, but these documents do not disclose its final investment loss or recovery.⁠[13][10]

Altimeter Growth Corp. 2 announced plans to redeem all outstanding Class A ordinary shares from December 21, 2022 because it had not completed an initial business combination by its deadline. This was the second SPAC’s wind-down arrangement, not liquidation of the Altimeter Capital investment manager.⁠[14]

In an interview published by Elad GilElad GilElad Gil is an entrepreneur, investor and author of High Growth Handbook. He co-founded Mixer Labs and Color, worked at Google and Twitter, runs the multistage investment firm Gil & Co, and co-hosts the No Priors podcast with Sarah Guo.Open the full entry, Gerstner said public and private market research could complement each other. Private investments typically concentrated on Series B and C, with some Series A participation. He said the sixth venture fund was approximately $1.5 billion and being deployed, while the seventh had reached a first close and targeted $1 billion. A first close is distinct from final fundraising completion; the figures describe the funds at the time of the interview.⁠[1]

Altimeter was an existing investor in Groq and took part in Groq’s $750 million round of September 2025.⁠[15]

AnthropicAnthropicAnthropic is an artificial intelligence research and product company founded in 2021 that develops the Claude models, assistant, and tools such as Claude Code, and operates as a public benefit corporation. Dario Amodei and Daniela Amodei are its co-founders, and its research covers model safety, interpretability, and steerability.Open the full entry announced a $65 billion Series H at a $965 billion post-money valuation, led by Altimeter, Dragoneer, Greenoaks and Sequoia CapitalSequoia CapitalSequoia Capital is a venture capital firm founded by Don Valentine in 1972, investing from the seed stage through the growth stage. Its historical investments include Apple, Cisco, Google, YouTube, Airbnb, and Stripe; in 2021 it introduced the Sequoia Capital Fund structure, which can continue to hold public securities, and in 2023 its regional businesses became independent brands and partnerships.Open the full entry. The announcement named other co-leaders and participants. The $65 billion was the entire round, not Altimeter’s individual investment.⁠[16]

Baseten announced a $1.5 billion Series F at a $13 billion valuation, led by Altimeter, Conviction and Spark CapitalSpark CapitalSpark Capital is a U.S. venture capital firm founded in Boston in 2005, with offices in San Francisco, New York and Boston. Its early-stage and growth funds back technology businesses across fintech, enterprise software, AI and consumer products. Investments have included Twitter, Tumblr, Oculus, Plaid and Anthropic.Open the full entry, with Sands Capital and Wellington also co-leading. The company said the funds would expand AI inference infrastructure. Altimeter’s individual contribution was not disclosed.⁠[17]

Altimeter Capital Management filed a Form 13F-HR for June 30, 2026 with 20 information-table entries totaling $9,829,676,383, approximately $9.83 billion in reported securities value. Larger positions included NVIDIANVIDIANVIDIA is an American semiconductor and computing technology company that provides graphics processing units, artificial intelligence infrastructure, networking interconnects, and computing software, and is listed on Nasdaq under the ticker NVDA.Open the full entry, Cerebras SystemsCerebrasCerebras Systems is an AI computing company headquartered in Sunnyvale, California, known for its Wafer-Scale Engine chips, which turn an entire silicon wafer into a single processor, and for the CS-series systems and inference cloud services built on them. Founded in 2015 by Andrew Feldman and four other co-founders, it depended heavily on Abu Dhabi’s G42 for revenue in its early years, shifted from 2025 toward high-speed inference for customers such as OpenAI and AWS, and listed on Nasdaq in May 2026 under the ticker CBRS.Open the full entry, Meta PlatformsMetaMeta (Meta Platforms, Inc.) is a publicly listed American technology company, renamed from Facebook in 2021, that operates social communication, digital advertising, virtual reality, smart glasses and artificial intelligence businesses.Open the full entry and Taiwan Semiconductor Manufacturing CompanyTSMCTSMC is a semiconductor manufacturer headquartered in Hsinchu, Taiwan, that pioneered the pure-play foundry model and manufactures chips for hundreds of customers worldwide.Open the full entry. Grab warrants were also included, so 20 entries do not mean 20 common stocks. The 13F covers only reportable securities and cannot establish total firm assets under management or private investments.⁠[18][19]

CognitionCognitionCognition is a U.S. artificial intelligence company founded by Scott Wu, Walden Yan and Steven Hao that develops the autonomous AI software engineer Devin. It launched Devin in March 2024, acquired the AI coding tool Windsurf in July 2025, and announced a Series E exceeding $2 billion at a $48 billion valuation in September 2026. Its annualized revenue passed $1 billion that month.Open the full entry announced more than $2 billion in Series E funding at a $48 billion valuation, led by Andreessen HorowitzAndreessen HorowitzAndreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. It invests from the seed stage through the growth stage and provides operational support to its portfolio companies.Open the full entry and Accel, with Altimeter among other participants. The funding and valuation refer to Cognition’s overall round; Altimeter’s individual contribution was not disclosed.⁠[20]

On November 9, 2026, Onodrim IndustriesOnodrim IndustriesOnodrim Industries is an Amsterdam-based European defence and industrial scale-up platform that expands established producers’ capabilities through technology, capital and operational support.Open the full entry announced a $300 million Series A led by Lux CapitalLux CapitalLux Capital is a U.S. venture capital firm founded in 2000 by Peter Hébert, Josh Wolfe and Robert Paull, with offices in New York and Silicon Valley. Focused on emerging science and technology, the firm backs companies in fields including life sciences, artificial intelligence, robotics, manufacturing, aerospace and defense through fund investments and by helping to found companies.Open the full entry at a $1.3 billion valuation. Participants included General CatalystGeneral CatalystGeneral Catalyst (GC) is an investment firm founded in 2000 and headquartered in San Francisco, United States, created by Joel Cutler, David Fialkow and Bill Fitzgerald, that backs companies from the seed stage through growth.Open the full entry, 8090 Industries8090 Industries8090 Industries is an investment firm headquartered in New York that backs early- to growth-stage companies in industrial sectors including advanced manufacturing and supply chains, AI infrastructure, aerospace and defense, and energy. It was co-founded by Kerem Ozmen and Rayyan Islam, and its investors are mainly families and institutions around the world that operate major industrial enterprises; as of August 2026, it managed about $1.382 billion in assets.Open the full entry, Lakestar and Altimeter.⁠[21]

Altimeter’s website identifies its legal entity as Altimeter Capital Management, LP and lists offices in Menlo Park and Boston. The firm, its founder’s personal accounts, and individual fund or SPAC vehicles are distinct. Altimeter Capital’s official website is https://www.altimeter.com/ (opens in a new window).⁠[2][22]