Fundz

Altrove raises €3.7M in pre-seed funding led by Contrarian Ventures, Emblem, and angel investors to design and build alternatives to rare earth materials using AI.

PRIVATEJul 03, 2024

Amount Raised

€3.7 Million

Round Type

Pre-Seed

ParisManufacturingBiotechnologyArtificial IntelligenceMachine Learning

Investors

Nikolaj DeichmannThomas ClozelJulien ChaumondContrarian VenturesEmblem

Description

French deeptech startup Altrove raises €3.7 million in pre-seed funding to accelerate the development of its core technology focusing on substitutes for rare-earth compounds used in transition technologies, electric vehicles, and advanced electronics.

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Company Information

Company

Altrove

Location

Paris, Ile-de-France, France

About

Altrove is a Paris-based company founded in early 2024. The company develops AI models coupled with an automated synthesis lab to accelerate the discovery process up to 100 times. It also invented a proprietary technology for characterization to learn from each experiment iteratively. Altrove helps find the optimal methods to produce relevant materials at an industrial scale.

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Altrove raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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