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altM
India · Industrial tech · Climate tech
altM converts agricultural residue into specialty chemicals for industrial manufacturers seeking alternatives to fossil-derived ingredients.
Product
Bengaluru-based altM uses cellulose, hemicellulose and lignin from feedstocks such as sugarcane bagasse and rice straw to make multiple materials from the same biomass. Its initial applications include suncare ingredients, formulation thickeners and cosmetic ingredients.
Product
Founded in 2022 by Apoorv Garg and Yugal Raj Jain, the company combines materials research with process engineering and pilot manufacturing. It is moving its first products through customer qualification toward commercial production.
Funding history
2 rounds · 2 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Series A | $10.3M | Aureolis Ventures — ParticipantMela Ventures — ParticipantOmnivore — ParticipantRainmatter — ParticipantSpectrum Impact — ParticipantTheia Ventures — ParticipantVC Grid — Participant | |
| Seed | $3.5M | Omnivore Agritech & Climate Sustainability Fund — LeadThai Wah Ventures — ParticipantTheia Ventures — Participant |