# AlterBiota

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/alterbiota

- Industry: Chemicals
- Headquarters: Canada
- Website: www.alterbiota.com/
- Total disclosed funding: $4M
- Latest round: Seed (May 2, 2024)
- Investors on record: 2

## About

Founded in 2018 by CEO Mark Masotti and based in Canada, AlterBiota, Inc. is aa provider of hydrous bio-graphene oxide (hBGO) admixtures for concrete mix designs. In May 2024, AlterBiota, Inc. raised USD 4 million in seed funding led by Invest Nova Scotia and BDC Capital.

The company offers hydrous biographene oxide (hBGO), a natural liquid product derived from biomass. hBGO allows concrete producers to use less Portland cement to reduce carbon emissions in concrete production. The liquid format of hBGO integrates seamlessly with existing concrete production processes.

The company will use the May 2024 funding for industrial product trials, the engineering of a commercial-scale plant, and hiring additional staff.

## Funding rounds

- Seed, May 2, 2024, $4M — BDC Capital, Invest Nova Scotia

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed
- Invest Nova Scotia — Seed