Altano Raises $65M in Series B
Altano has successfully raised $65M in a Series B at a $350M valuation led by M&G Investments.
Company Overview
Altano is a CleanTech company headquartered in Munich, Germany, founded in 2019 with 100+ employees.
Integrated clean energy platform
Fundraising Details
- Amount Raised: $65M
- Round Type: Series B
- Valuation: $350M
- Date: 2025-02-01
- Investors: M&G Investments
About Altano
Integrated clean energy platform The company is positioned in the CleanTech sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Munich, Germany
- Founded: 2019
- Team Size: 100+
- Industry: CleanTech
What This Means
This funding round demonstrates strong investor confidence in Altano's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The CleanTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Altano's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $350M valuation marks an important milestone for Altano, positioning the company among notable players in the CleanTech industry.
Looking Ahead
With this new capital, Altano is well-positioned to execute on its growth strategy and continue building innovative solutions in the CleanTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2025-02-01. For more information about Altano, visit their headquarters at Munich, Germany.
