Fundz

Altrove raises €3.7M in pre-seed funding led by Contrarian Ventures, Emblem, and angel investors to design and build alternatives to rare earth materials using AI.

PRIVATEJul 03, 2024

Amount Raised

€3.7 Million

Round Type

Pre-Seed

ParisManufacturingBiotechnologyArtificial IntelligenceMachine Learning

Investors

Nikolaj DeichmannThomas ClozelJulien ChaumondContrarian VenturesEmblem

Description

French deeptech startup Altrove raises €3.7 million in pre-seed funding to accelerate the development of its core technology focusing on substitutes for rare-earth compounds used in transition technologies, electric vehicles, and advanced electronics.

Quick answer

Altrove raised €3.7 Million in a Pre-Seed round, dated July 3, 2024. Investors: Nikolaj Deichmann, Thomas Clozel, Julien Chaumond, Contrarian Ventures and Emblem. Altrove is based in Paris, Ile-de-France, France.

How much did Altrove raise?
Altrove raised €3.7 Million in a Pre-Seed round on July 3, 2024.
Who invested in Altrove?
Nikolaj Deichmann, Thomas Clozel, Julien Chaumond, Contrarian Ventures and Emblem are named as investors in this round.
What does Altrove do?
Altrove is a Paris-based company founded in early 2024.
Where is Altrove based and how big is it?
Altrove is based in Paris, Ile-de-France, France. Fundz records about 14 employees.
Who are the decision-makers at Altrove?
Fundz holds 1 contact at Altrove. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Manufacturing and Biotechnology around the same time

Companies in the same sectors as Altrove that raised within 45 days of this round, from Fundz verified event records.

  • Omniscient Neurotechnology raised $60M (Series C) on June 11, 2024.
  • PLAIO raised $4.7M (Funding Round) on August 14, 2024.
  • Aizon raised $30M (Funding Round) on July 23, 2024.
  • Briefly Bio raised $1.2M (Pre-Seed) on July 17, 2024.
  • Pivot Robots raised an undisclosed amount (Seed) on July 1, 2024.
  • Better Futures raised $541K (Pre-Seed) on June 27, 2024.

Who to call at Altrove, and when

A new round usually means Altrove is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Altrove

Location

Paris, Ile-de-France, France

About

Altrove is a Paris-based company founded in early 2024. The company develops AI models coupled with an automated synthesis lab to accelerate the discovery process up to 100 times. It also invented a proprietary technology for characterization to learn from each experiment iteratively. Altrove helps find the optimal methods to produce relevant materials at an industrial scale.

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