Seed · Industrial tech
altM raises $3.5 million seed round led by Omnivore’s third fund
The September 2023 funding supported the development of agricultural residue-based materials for industrial use.
altM announced a $3.5 million seed round on September 7, 2023. Omnivore’s third vehicle, the Omnivore Agritech & Climate Sustainability Fund, led the financing, with Theia Ventures, Thai Wah Ventures and angel investors also participating.
Founded in 2022 by Apoorv Garg and Yugal Raj Jain, the Bengaluru company was developing biomaterials from agricultural residues. Its aim was to manufacture alternatives to conventional industrial materials and reduce carbon footprints across supply chains.
Use of funds
Develop and manufacture scalable biomaterials
Funding history
Seed · This round$3.5M