ALTR announces a €5M fundraising to reinvent low-alcohol wine through cutting-edge technology that preserves taste and drastically reduces environmental impact
ALTR today announces the successful closing of its €5M seed funding round for its Flavor-First alcohol removal technology. Backed by leading investors in the beverage and technology sectors, VitiRev Innovation fund managed by Demeter leads this round, joined by Suntory Global Spirits, Jeriko (managed by Techmind), AZ Venture Capital Inc., Solvable, FTW, Bluestein Ventures, and Xinomavro.
This raise marks a significant milestone for the company as it accelerates the growth of its proprietary technology and expands its footprint across the premium beverage industry. This comes at the perfect time to resonate with the rapidly shifting wine market and growing consumer demand for mindful drinking.