Max Altman, an ex-Flexport executive, has teamed up with Ben Braverman and two-time startup founder Thomson Nguyen to launch a venture capital firm called Saga Ventures. Focused on seed-stage investment, Saga Ventures has already secured $125 million in funding capital.
The team aims to invest in early-stage software startups across the U.S. from its base in Austin, Texas, extending its reach beyond Silicon Valley. It intends to tap into the flourishing startup ecosystem geographically unrestricted, further fostering national tech advancement. This way, it can provide necessary support and funds to promising software development ventures demonstrating exceptional potential.
Altman gained experience working with firms like Hydrazine Capital, Apollo Projects, and Altman Capital. Splitting from his brothers, Sam and Jack, was a challenging but necessary step for his growth. Braverman and Nguyen shared Altman’s vision of starting a distinctive venture capital firm, leading them to build Saga Ventures together. This marked a new chapter in Altman’s career.
Seed-stage investment focus of Saga Ventures
The team plans to invest $2 to $2.5 million across 30 different companies. They are primarily interested in software-as-a-service startups, but their investment interests also span work software, fintech, manufacturing startups, finance software, space-based drug development, and AI. A primary emphasis on their core investment: software startups, they also show considerable interest in fintech and work software. Their investment reach reflects the firm’s commitment to diverse industry funding, ultimately fostering innovation.
During his time at Zenefits, Altman advocated for tech companies to target other tech firms and companies across the country. Saga Ventures aims to uphold this principle, intending to engage with diverse industries nationwide and revolutionize the business landscape with innovative solutions. This approach solidifies Altman’s initial advocacy and paves the way for comprehensive growth and expansion.
Altman previously partnered with his older brother at Hydrazine Capital, supporting startups like Reddit and Superhuman. Deciding to branch away from family ties, Altman established Saga Ventures with his new team. This signifies his intention to provide tech solutions accessible to all Americans.
