What is altM?
Headquartered in India, altM is an innovative alternate materials company dedicated to developing next-generation materials. Its core mission is to empower industries to significantly reduce their carbon footprints and enhance circularity within their supply chains. By focusing on sustainable material solutions, altM positions itself at the forefront of the green technology revolution, addressing critical environmental challenges.
How much funding has altM raised?
altM has raised a total of $3.5M across 1 funding round:
Angel/Seed
$3.5M
Angel/Seed (2023): $3.5M with participation from Omnivore and Theia Ventures
Key Investors in altM
Omnivore
Omnivore is an impact venture fund that invests in startups from India developing breakthrough technologies for food, agriculture, and the rural economy. Omnivore believes the key to transforming rural India lies in increasing the profitability of smallholder agriculture, improving the sustainability of smallholder farming, and reducing the uncertainty borne by smallholder farmers.
Theia Ventures
Theia Ventures is an early stage venture fund investing in climate tech companies focused on decarbonization.
What's next for altM?
With the recent injection of major strategic capital, altM is poised for accelerated growth and development. This significant backing, part of its enterprise-level funding strategy, will likely be directed towards scaling production capabilities, expanding research and development initiatives for novel materials, and forging strategic partnerships. The company's focus on sustainability and circular economy principles aligns with increasing global demand for eco-friendly industrial solutions, positioning altM for substantial market penetration and impact.
See full altM company page
