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CanvaLoop logo — Mainstreaming sustainability.

CanvaLoop

Mainstreaming sustainability.

Founded 2020 India Surat, India 6 employees Pre Seed Total: $15.00M Design, Enterprise +1

General Information

Company Name CanvaLoop
Founded Year 2020
Location India Surat, India +1
Employees 6
Industries Design, Enterprise, Fashion
Funding Stage Pre Seed
Social

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About CanvaLoop

CanvaLoop is a pioneering company focused on mainstreaming sustainability in the textile industry. Through its proprietary technology, the company transforms agricultural waste into textile fibers, offering a sustainable alternative to conventional materials. The textile industry, heavily reliant on crude oil derivatives and cotton, has a significant ecological impact, with over 98% of textiles being composed of these materials. CanvaLoop aims to address these issues by creating socially inclusive, environmentally sustainable, and functionally superior fibers. Founded in 2020 and headquartered in India, CanvaLoop has received a noteworthy INR15.00M investment in a Pre Seed Round on 24 November 2021 from Theia Ventures and Social Alpha. The company operates through four distinct business divisions, including 'Canvaloop Fibre,' 'Natloop,' 'Hemptex,' and 'Slow by Canvaloop,' each focusing on different aspects of sustainable fiber production. CanvaLoop's innovative approach not only aims to revolutionize the textile industry but also contributes to the conservation of the environment and the empowerment of small farmers by utilizing agricultural waste and providing livelihood opportunities. With its potential to significantly impact the fashion, design, and enterprise industries, CanvaLoop is poised for growth and offers an intriguing investment opportunity in the sustainable technology space.

Taxonomy: agricultural waste, textile fibres, material science, environmentally sustainable, socially inclusive, small farmers, fibre business, CBD, oilseed hemp, banana agro-waste, pineapple agro-waste, hemp yarns, D2C brand, ecological footprint

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Pre Seed Round •••••• 2
Investor Investor
24 Nov 2021

CanvaLoop Alternatives & Competitors

CanvaLoop vs
Novetex Textiles Limited
Novetex Textiles Limited Hong Kong S.a.r.

A pioneer in the yarn spinning industry.

12 employees
Manufacturing
CanvaLoop vs
FibreLab
FibreLab United Kingdom

London's Only Fully Circular Textile Recycling Hub

6 employees
Sustainability
CanvaLoop vs
Martex Fiber
Martex Fiber United States

Martex Fiber is North America's No. 1 textile upcycler We recycle pre-consumer and post-consumer tex...

Private Equity
63 employees

FAQ About CanvaLoop

Mainstreaming sustainability.
CanvaLoop was founded in 2020.
CanvaLoop is headquartered in Surat, India.
CanvaLoop operates in the following industries: Design, Enterprise, Fashion.
CanvaLoop has approximately 6 employees.
CanvaLoop has completed 1 funding round, raising a total of $15.00M. The latest funding stage is Pre Seed.
Top alternatives and competitors to CanvaLoop include Novetex Textiles Limited, FibreLab, Martex Fiber, 9FIBER®, Innovative Textiles Limited.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
CanvaLoop and Novetex Textiles Limited 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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