ALT TEX logo — Radically sustainable and ethical textiles, engineered from...

ALT TEX

Radically sustainable and ethical textiles, engineered from food waste.

Founded 2019 13 employees Grant Total: $2.25M Sustainability, Waste Solution

General Information

Company Name ALT TEX
Founded Year 2019
Employees 13
Industries Sustainability, Waste Solution
Funding Stage Grant
Social

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About ALT TEX

ALT TEX is a pioneering company that aims to revolutionize the fashion industry by offering radically sustainable and ethical textiles, engineered from food waste. Founded in 2019, the company operates in the sustainability and waste solution sectors, addressing the pressing need for environmentally conscious practices within the fashion industry. With the increasing global demand for fashion, there is an urgent requirement to shift towards sustainable and eco-friendly materials to mitigate the industry's impact on the environment.

ALT TEX's mission is to re-imagine the conventional and environmentally harmful materials used in fashion. The company firmly believes in leveraging existing resources, specifically food waste, to create innovative textiles. By utilizing food waste as the primary source for production, ALT TEX sets itself apart from traditional textile production methods, offering a viable solution to the environmental concerns associated with the industry.

The most recent milestone for ALT TEX was the €200.00K grant investment received on 08 June 2023, with the backing of the renowned H&M Foundation - Global Change Award. This funding signifies a pivotal moment for the company, highlighting its potential to garner support from prominent entities in the industry, helping accelerate its growth and impact on the sustainable fashion space.

Taxonomy: sustainable fashion, ethical textiles, food waste, environmentally friendly materials, textile innovation, fashion industry, material engineering, eco-friendly manufacturing, sustainable materials, ethical fashion, sustainable design, textile production, sustainable innovation

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Grant •••••• 1
Investor
08 Jun 2023
Seed Round •••••• 1
Investor
01 Oct 2022
Seed Round •••••• 1
Investor
01 Aug 2022
Pre Seed Round •••••• 1
Investor
21 Jul 2022
Grant •••••• 1
Investor
20 Oct 2021

View All 9 Funding Rounds

ALT TEX Alternatives & Competitors

ALT TEX vs

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ALT TEX vs
AltMat
AltMat India

Alternative Materials - Transforming agriculture waste into high performing natural fibers and yarns...

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ALT TEX vs

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FAQ About ALT TEX

Radically sustainable and ethical textiles, engineered from food waste.
ALT TEX was founded in 2019.
ALT TEX operates in the following industries: Sustainability, Waste Solution.
ALT TEX has approximately 13 employees.
ALT TEX has completed 9 funding rounds, raising a total of $2.25M. The latest funding stage is Grant.
Top alternatives and competitors to ALT TEX include Rethread Africa, AltMat, RE-BELLO, ZAVI, BioFluff. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
ALT TEX and Rethread Africa are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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