Altum Funding: How Much Did They Raise & Key Investors

How Much Did Altum Raise?
Funding & Key Investors

Altum, a garden center that operated for four decades in Zionsville, IN, has officially ceased its online retail operations as of March 1, 2024. The company's financial journey, marked by a total funding amount of $150K and a recent strategic investment of $150K, concluded with this closure. The business aimed to serve the local community with a variety of gardening products and services.

What is Altum?

Altum

Retail

Home Improvement & Hardware Retail

Altum was a long-standing garden center based in Zionsville, Indiana, dedicated to serving its local community for forty years. The company provided a comprehensive range of gardening supplies and related services, catering to both experienced gardeners and newcomers. Despite efforts to sustain operations, the business ultimately made the difficult decision to close its online retail presence.

How much funding has Altum raised?

Altum has raised a total of $150K across 1 funding round:

2020

Debt

$150K

Debt (2020): $150K with participation from PPP

Key Investors in Altum

PPP

Public-Private Partnership

What's next for Altum?

With Altum's cessation of operations, the focus shifts from future growth and strategic investment to the legacy of its community service. The owner's statement encourages continued support for independent local garden centers, indicating a broader industry trend or a personal commitment to the sector's sustainability. The financial context of 'large-scale late-stage funding' and 'major strategic investment' now serves as a historical marker rather than a precursor to expansion.

See full Altum company page

See More Financial Insights