ALT TEX Analysis: $2M Raised
What is ALT TEX?
ALT TEX develops sustainable textiles from food waste, providing a biodegradable alternative to polyester to mitigate the fashion industry's environmental impact.
Employees
10
Founded
2020
Revenue
$1-5M
Company Stage
Seed
YC Batch
S22
Product Features & Capabilities
- sustainable polyester alternative, bioplastic fiber from food waste, biodegradable material, high durability, versatile textile applications, carbon neutral solution, cost competitive to premium sustainable fabrics
How much ALT TEX raised
s: - $1.5 million
May 19, 2021Lead Investor: Not specified
Who are the founders of ALT TEX
MA
Myra Arshad
Co-founder and CEO
AG
Avneet Ghotra
Co-founder and CTO
Investors
- H&M Foundation - Global Change Award
- IT-Farm
- National Research Council Canada
- Beresford Ventures
- Plug and Play Tech Center
- Y Combinator
- Sustainable Development Technology Canada
- Garage Capital
- Amplify Capital
- Globalive Capital
- Panache Ventures
