Amount Raised
$3.5 Million
Round Type
Seed
BengaluruManufacturingBiotechnologyAgriculture and FarmingDescription
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 officer Maninder Gulati, Aarti Industries’ corporate strategy head Mirik Gogri and Aureolis Ventures founding partner Paula Mariwala.altM is Omnivore’s first investment from its third fund, which in June had its first close at $150 million. It is also the firm’s fourth investment under its OmniX Bio initiative, which was setup in 2021 to back early-stage agrifood life science startups. Elevate Your Tech Process with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital Marketing and AnalyticsVisitIndian School of BusinessISB Digital TransformationVisitIndian School of BusinessISB Applied Business AnalyticsVisitThe Bengaluru-based startup aims to develop and manufacture scalable biomaterials to help large industries reduce carbon footprints across their supply chains
Quick answer
altM raised $3.5 Million in a Seed round, dated September 7, 2023. altM is based in Bengaluru, Karnataka, India.
- How much did altM raise?
- altM raised $3.5 Million in a Seed round on September 7, 2023.
- What does altM do?
- altM is a cleantech startup founded in 2022 by former Tesla executives that develops specialty chemicals and biomaterials from agricultural residue for industrial applications.
- Where is altM based and how big is it?
- altM is based in Bengaluru, Karnataka, India. Fundz records about 27 employees.
- Who are the decision-makers at altM?
- Fundz holds 4 contacts at altM, including the CEO & Co-Founder. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Agriculture and Farming and Manufacturing around the same time
Companies in the same sectors as altM that raised within 45 days of this round, from Fundz verified event records.
- FlexSea raised $2.4M (Seed) on October 4, 2023.
- Aurora Cannabis raised $31M (Funding Round) on October 3, 2023.
- Biodel AG raised an undisclosed amount (Series A) on September 13, 2023.
- VitaTek raised an undisclosed amount (Series A) on October 22, 2023.
- Amatera raised $1.6M (Seed) on October 20, 2023.
- Leucine raised $7M (Funding Round) on October 16, 2023.
Who to call at altM, and when
A new round usually means altM is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day altM raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at altM, from your own LinkedIn network
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Fundz sees it the moment altM raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
altM raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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