AlterBiota raised CAD$4 million (over USD$2,925,000) in seed funding to grow its team and upgrade its commercial-scale facility for biographene concrete additive production.

May 08, 2024•about 1 year ago

Amount Raised

$2.93 Million

Round Type

seed

SydneyManufacturing

Investors

Business Development Bank Of Canada (Bdc)Invest Nova Scotia

Description

AlterBiota, led by CEO Mark Masotti, secured CAD$4 million in seed funding to expand the company's staff, build a scale-up plant, and conduct more industrial trials for its biographene concrete additive.

Company Information

Company

AlterBiota

Location

Sydney, New South Wales, Australia

About

We are a green chem-tech company applying design thinking and advanced process technology to dramatic effect in the concrete industry and beyond. We make Hydrous Bio-Graphene Oxide (hBGO) admixtures. Which are stable, pump able dispersions of activated bio-graphene that are tailor-made for optimizing concrete mix designs. We employ cutting edge technology into our patent-pending process to ensure superior performance, batch customizability, adaptability and consistency.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

AlterBiota raised CAD$4 million (over USD$2,925,000) in seed funding to grow its team and upgrade its commercial-scale facility for biographene concrete additive production.

Investors

Description

.css-1v6jzuu{--tw-text-opacity:1;color:rgba(75, 85, 99, var(--tw-text-opacity));}Company Information

Funding Insights

Related People

Company Information