# AltM

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

- Industry: Materials
- Headquarters: Bangalore, India
- Website: www.altm.bio
- Total disclosed funding: $14M
- Latest round: Series A (Nov 4, 2026)
- Investors on record: 14

## About

Based in Karnataka, India, and founded in 2022, Alt Material Innovations Private Limited, doing business as AltM operates as a biotechnology research company that focuses on developing ways to reduce carbon footprints by manufacturing biomaterials. The company was founded by Apoorv Garg (CEO) and Yugal Raj Jain. In September 2023, AltM raised USD 3.5 million in seed funding led by Omnivore, Thai Wah Ventures, and Theia Ventures.

The company develops material and help industries to reduce their carbon footprints. It also helps its clients to develop their supply chain. It provides biomaterials to industries such as CPG/FMCG, apparel, industrial chemicals, and packaging.

The company plans to use the September 2023 funding to advance a manufacturing- and engineering-driven perspective on circularity and sustainability.

## Funding rounds

- Series A, Nov 4, 2026, $10M — Mela Ventures, Rainmatter, Rainmatter by Zerodha, Theia Ventures, Aureolis Ventures, VC Grid, Omnivore, Spectrum Impact
- Seed, Aug 31, 2023, $3.5M — Omnivore, Orbis, Amplify Partners, Theia Ventures, Thai Wah Ventures, AltM, Valiant Investments & Trades Pvt Ltd, Aar Em Ventures LLP

## Investors

- Omnivore (https://capitalatlas.ai/funds/omnivore) — Seed, Series A
- Orbis — Seed
- Amplify Partners (https://capitalatlas.ai/funds/amplify-partners) — Seed
- Theia Ventures (https://capitalatlas.ai/funds/theia-ventures) — Seed, Series A
- Thai Wah Ventures (https://capitalatlas.ai/funds/thai-wah-ventures) — Seed
- AltM — Seed
- Valiant Investments & Trades Pvt Ltd — Seed
- Aar Em Ventures LLP — Seed
- Mela Ventures (https://capitalatlas.ai/funds/mela-ventures) — Series A
- Rainmatter (https://capitalatlas.ai/funds/rainmatter) — Series A
- Rainmatter by Zerodha — Series A
- Aureolis Ventures (https://capitalatlas.ai/funds/aureolis-ventures) — Series A
- VC Grid (https://capitalatlas.ai/funds/vc-grid) — Series A
- Spectrum Impact — Series A