altM is an alternate Materials company. We are currently prototyping and will manufacture scalable biomaterials to help large industries reduce carbon footprints across their value chains. We use lignocellulosic agricultural residues to develop a family of advanced input raw materials to replace the current unsustainable incumbents across our product partner industries in CPG/FMCG, apparel, industrial chemicals, and packaging. Materials of interest: Sustainable Chemicals, Biomaterials (including Composites), and Fuels
Employees: 1-10
Total raised: $3.5M
Founded date: 2022
Funding Rounds 1
| Date | Series | Amount | Investors |
| 07.09.2023 | Seed | $3.5M | - |
Mentions in press and media 5
| Date | Title | Description |
| 15.05.2024 | Agribusiness markets & eGrocery still lead India’s agrifoodtech VC funding, but Bioenergy & Biomaterials on the rise | Data Snapshot is a regular AgFunderNews feature analyzing agrifoodtech market investment data provided by our parent company, AgFunder. Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new re... |
| 30.04.2024 | New report: India’s 60% drop in agrifoodtech investment is ‘a reversion to the mean’ | Disclosure: AgFunderNews’ parent company is AgFunder. In some ways, Indian agrifoodtech investment in 2023 tells a familiar and, at this point, unsurprising tale. Investment to Indian agrifoodtech startups dropped 60% from 2022 levels, land... |
| 14.09.2023 | The Week in AgriFoodTech: J.M. Smucker buys Hostess for $5bn, NotCo’s NotSnacks, Krucial monitors salmon from space | This week, J.M. Smucker scooped up fellow CPG giant Hostess, and while foodtech funding was somewhat sparse, healthy noodle company Goodles raised new funding. In agtech, multiple companies raised rounds for carbon credits businesses and on... |
| 07.09.2023 | Biomaterials startup altM raises $3.5 million in funding led by Omnivore | ETtechaltM founders Yugal Raj Jain (left) and Apoorv Garg Biomaterials startup altM on Thursday said it has raised $3.5 million in a seed round led by Omnivore. Other investors included Theia Ventures, Thai Wah Ventures, Oyo chief strategy ... |
| 07.09.2023 | Biomaterials Startup altM’s Sustainable Vision Wins Over Investors with $3.5M Seed Funding | altM, a biomaterials startup, has made headlines by raising $3.5 million in a seed funding round led by venture capital firm Omnivore. This is Omnivore’s first investment from its third fund, which recently had a first close at $150 million... |