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Altos Ventures

Altos Ventures

Altos Ventures is typically a first-stage venture capital firm but also investments in mid venture, and late venture companies.

Company Overview

Altos Ventures is a first-stage venture capital firm. The firm has been the first and lead investor in over 50 high-growth technology companies. More than a dozen of these companies were incubated by Altos and started from scratch.

Altos Ventures competes with Alloy Ventures, Accel, and Sequoia Capital.



Altos Ventures specializes in making direct and fund of fund investments. It makes venture capital investments in seed/startup, early venture, mid venture, and late venture companies.

History

Altos Ventures was founded in 1996 by Han Kim and Ho Nam and is headquartered in Menlo Park, California with an additional office in Seoul, South Korea. Altos has been investing in cloud-based business software companies since 1999.



Altos Ventures invests in fast-growing software, mobile, and Internet companies at the initial scale, typically over $1 million in revenue. The firm invests actively across North America and has a dedicated fund focused on South Korean companies. Altos aims to provide a company's first institutional capital and will invest up to $10 million over the life of the company. Its typical initial investment ranges between $1-5 million, for which they seek a meaningful ownership stake.



They make venture growth investments in enterprise and consumer software companies, with particular expertise in SaaS and consumer mobile. They prefer to be the first institutional investor in high-growth, founder-led companies.



They are investing from 2017 and 2018 vintage funds, one focused in North America and the other in Asia. Their active portfolio companies generate more than $7 billion dollars of annual revenue and they employ more than ten thousand people across a dozen countries.

Investments

Altos Ventures has had 16 exits. The firm's most notable exits include Piqora, Outspark, and OtherInbox. The firm has raised a total of $324.9M across 6 funds, one of them being Altos Ventures Korea Opportunity Fund II. This fund was announced on Mar 16, 2016, and raised a total of $110M.



The company invests in venture capital funds and commercial printing, diversified support services, educational curriculum development, environmental and facilities services, outsourced client support and customer services, video equipment, internet advertising, digital television, music services, online hobbies, games and toy retail, online music retail, search engine software, e-commerce software, network management software, content management software, online bill payment services, online education courses, online supply chain management, services outsourcing, networking services, video software, financial software, internet marketing automation software, payment and pos processing software, supply chain management software, systems software, educational and training software, telephone equipment, mobile telephones, mobile messaging, outsourced technology manufacturing services, digital, two-way mobile data services, security and alarm services, consumer digital lending, and commercial digital lending sectors.

Investment approach

Altos Ventures focuses on young technology companies and entrepreneurs. Altos invests in all sectors of the IT industry including software, services, digital media, and infrastructure. The firm can invest up to $10 million and has no minimum. Initial investments are typically $1 to 3 million. The firm prefers to own a meaningful minority stake, usually over 20%. Since 1996, Altos has formed six venture capital funds ranging in size from $50 million to $100 million.



 They often provide a company’s first institutional capital and will invest up to $10 million over the life of the company. They typically take an active board role in helping founders to scale their teams and companies. They are especially active in the early years of the partnership with founders.

Timeline

March 15, 2016

Altos Ventures Korea Opportunity Fund II

$110M

September 13, 2014

Altos Ventures Korea Opportunity Fund

$60M

November 29, 2007

Altos Ventures IV L.P.

$86M

June 30, 2005

Altos Ventures III L.P.

$68.9M

February 28, 2002

Altos Ventures II L.P.

December 31, 1998

Altos Ventures I L.P.

Associated investment funds

6 Results
Investment Fund
Investment Fund
Total offering (USD)
Total offering (USD)
Location
Location
Date signed
Date signed

Funded Companies

24 Results
Company
Company
Description
Description
Website
Website
Industry
Industry
Location
Location

Symantec is a Mountain View, Contra Costa County, California-based company founded by Gary Hendrix, Doug Monahan and Earl Sacerdoti.

A consumer company providing customers with the latest in Asian beauty products, culture and trends.

An education technology company that has created a platform where students can create review games for the content which they are studying It was founded in 2007 and is located in San Francisco, California. 

Roblox provides an online entertainment platform that allows users to build and play games and share them with others.

Also known as Viva Republica, Toss provides a peer-to-peer mobile payments platform in Korea.

WhiteHat Security is a company founded by Jeremiah Grossman.

Outspark is a gaming company.

TVU Networks is a Mountain View, California-based company.

Outdoorsy is a company founded by Jennifer Young.

SpyCloud offers early warning solutions to businesses to prevent compromises on employee and customer account.

Provade is an enterprise software company.

Koofers is a company founded by Michael Rihani, Glynn LoPresti, Patrick Gartlan and Dan Donahoe.

Self Lender is a credit builder that aims to help users build credit and save money.

Crownpeak is a software company.

People

Name
Role
LinkedIn

Anthony Lee

Employee



Anthony P. Lee

MANAGING DIRECTOR



Ashley Pearson

OPERATIONS



Faraneh Kazerouni

FINANCE



Han J. Kim

MANAGING DIRECTOR



Hee-Eun (Baki) Park

PRINCIPAL



Heeeun Park

Employee



Ho Nam

Employee



Hodong (Ho) Nam

MANAGING DIRECTOR



Inkyoung Park

FINANCE



Jeff Truong

SENIOR ASSOCIATE



Jiyun Cho

FINANCE



Kate Fry

FINANCE



Moon-Suk Oh

PRINCIPAL



Rick Arnold

GENERAL COUNSEL



Tony Di Bona

CHIEF FINANCIAL OFFICER



Further reading

Title
Author
Link
Type
Date

'Roblox' Raises $150 Million in Funding, Is Now Reportedly Worth $2.5 Billion

Stefanie Fogel

Web



Alto Ventures Ltd(3H8A) Annual Report (10K) Quarterly Report (10Q)



Web



Altos Ventures



Web



Altos Ventures | e27 Investor



Web



Altos Ventures | Korean Startups News

TechForKorea

Web



Altos Ventures leads $7 mln funding in Bench - PE Hub

Chris Witkowsky

Web



Altos Ventures to invest 1.2 billion KRW in an online group study platform 'Studypie' - VentureSquare World



Web



Altos Ventures via Startup Compete



Web



Altos Ventures, Venture Capital Fund: Han Kim, Managing Director



Web



Altos Ventures, Venture Capital Fund: Ho Nam, General Partner & Co-founder



Web



Fintech startup Self Lender lands $10 mln Series B - PE Hub

Iris Dorbian

Web



IAPD - Investment Adviser Firm Summary - ALTOS VENTURES MANAGEMENT, INC.



Web



Kids' gaming platform Roblox raises $150M



Web



Roblox Closes $150 Million Financing to Accelerate International Growth



Web



Tag: altos ventures



Web



TheFunded.com: Altos Ventures



Web



U.S. Fintech Self Lender Secures $10 Million Through Series B Financing Round Led By Altos Ventures

Samantha Hurst

Web



What is the general consensus on Altos Ventures? - Quora



Web



Documentaries, videos and podcasts

Title
Date
Link

#2. When Publishers meet Business model 미디어(퍼블리셔)가 비즈니스 모델을 만날 때 _ Bakki of Altos Ventures

Nov 16, 2014

303rd 1M/1M Roundtable April 21, 2016: With Ho Nam, Altos Ventures

Apr 22, 2016

303rd Roundtable Recording On April 21, 2016: With Ho Nam, Altos Ventures | Sramana Mitra

22 April 2016

Altos Ventures | SVOD - Silicon Valley Open Doors

8 January 2015

Altos ventures annual meeting at Korea

Nov 19, 2014

How Exits Are Done in Korea

Mar 22, 2016

Meetup by Testlio: What Matters To The Investors in the US

Sep 8, 2016

Silicon Valley VC's Investing in Korea / Asia Panel - 2013 beGLOBAL in Silicon Valley

Oct 2, 2013

Silicon Valley VC's Investing in Korea/Asia Panel -- Why (ROI?) and how?

Sep 25, 2013

Startup Grind Seoul Hosts Hee-Eun Park (Altos Ventures)

Dec 20, 2014

Venture Capital panel @TheStartupConference 2015

May 30, 2015

Women in Tech: A Conversation with Altos Ventures' Hee-Eun Park

Feb 16, 2017

Companies

Company
CEO
Location
Products/Services

82 Labs







ADOP







Allocadia







Audrey Reefs







Bench







Bepr







Bespin Global







Bitfinder













Book Jam







Brightedge







Chairish







Collab ASIA







Collective Retreats







Commontown







Coupang







Creatable







Demand Base







digitalpath.net







Elice







EVR Studio







Funizen







HireMojo







HuiSeoul







HyperConnect







References