Biodegradable and carbon neutral textiles, engineered from food waste.
Company is active
Event Year: 2022
Company is active
Event Year: 2022
ALT TEX, based in Toronto, is pioneering sustainable textiles with its innovative biomaterial. They've engineered a biodegradable and carbon-neutral fabric derived from food waste, addressing a significant environmental challenge. Polyester's dominance in the $2.5 trillion fashion industry (60% market share) hinders brands from achieving sustainability goals. ALT TEX's patent-pending fermentation technology offers a sustainable polyester alternative, seamlessly integrating with existing infrastructure. This provides fashion brands with a scalable, high-performance, and cost-competitive replacement.
ALT TEX addresses critical needs for fashion brands, consumers, and the environment:
(1) Fashion Brands: ALT TEX empowers brands to differentiate themselves through sustainable options, capitalizing on the 11% CAGR of sustainable fashion. Brands can meet sustainability targets without disrupting their established supply chains.
(2) Consumers: ALT TEX fabric is projected to be significantly more affordable than other specialized sustainable alternatives due to its low-cost inputs and scalability, increasing accessibility for consumers.
(3) Environment: Each garment made with ALT TEX fabric can divert 1 kg of food waste from landfills, prevent 9 kg of carbon emissions, and eliminate 4 g of microplastics from entering waterways.
Co-founders Myra and Avneet bring six years of collaborative experience in team and project management, with backgrounds spanning serial entrepreneurship, corporate sales at Fortune 500 companies, textile manufacturing, and biochemistry. ALT TEX has successfully created a fabric prototype 70% stronger than cotton, secured $1M in Letters of Intent, and raised $2.3M in funding.
ALT TEX, based in Toronto, is pioneering sustainable textiles with its innovative biomaterial. They've engineered a biodegradable and carbon-neutral fabric derived from food waste, addressing a significant environmental challenge. Polyester's dominance in the $2.5 trillion fashion industry (60% market share) hinders brands from achieving sustainability goals. ALT TEX's patent-pending fermentation technology offers a sustainable polyester alternative, seamlessly integrating with existing infrastructure. This provides fashion brands with a scalable, high-performance, and cost-competitive replacement.
ALT TEX addresses critical needs for fashion brands, consumers, and the environment:
(1) Fashion Brands: ALT TEX empowers brands to differentiate themselves through sustainable options, capitalizing on the 11% CAGR of sustainable fashion. Brands can meet sustainability targets without disrupting their established supply chains.
(2) Consumers: ALT TEX fabric is projected to be significantly more affordable than other specialized sustainable alternatives due to its low-cost inputs and scalability, increasing accessibility for consumers.
(3) Environment: Each garment made with ALT TEX fabric can divert 1 kg of food waste from landfills, prevent 9 kg of carbon emissions, and eliminate 4 g of microplastics from entering waterways.
Co-founders Myra and Avneet bring six years of collaborative experience in team and project management, with backgrounds spanning serial entrepreneurship, corporate sales at Fortune 500 companies, textile manufacturing, and biochemistry. ALT TEX has successfully created a fabric prototype 70% stronger than cotton, secured $1M in Letters of Intent, and raised $2.3M in funding.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2022
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2022
Industrials
Industrials
Industrials -> Climate
Industrials -> Climate
Team size: 10
Hiring: No
Team size: 10
Hiring: No
