ALTR raises $5M in a Seed round led by Demeter to advance its alcohol removal technology, enhancing premium beverages while catering to growing mindful drinking trends.

ALTR, a beverage technology company based in Phoenix, has successfully closed a $5 million seed funding round. The funding aims to commercialize the company's advanced alcohol removal technology. Led by French investment fund Demeter, the round includes notable investors such as Suntory Global Spirits and Techmind. This investment will help accelerate product development and expand partnerships with wineries as consumer interest in low-alcohol options increases.