About ALT. Leather
ALT. Leather is a company based in Melbourne (Australia) founded in 2022 by Tina Funder.. ALT. Leather has raised $718 thousand across 1 funding round from investors including Startmate, Wollemi Capital Group and Austin Group. ALT. Leather offers products and services including Alt. Leather. ALT. Leather operates in a competitive market with competitors including Canvaloop, Asia Pacific Rayon, Circular Systems, EnviroFlight and The Hurd Co, among others.
- Headquarter Melbourne, Australia
- Founders Tina Funder
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Sectors
EnvironmentChemicals & Materials
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$718 K (USD)
in 1 rounds
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Latest Funding Round
$718 K (USD), Seed
Jan 29, 2024
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Investors
Startmate
& 3 more
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Employee Count
Employee Count
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Products & Services of ALT. Leather
ALT. Leather offers a comprehensive portfolio of products and services, including Alt. Leather. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Plant-based alternative to traditional leather for eco-friendly applications
Funding Insights of ALT. Leather
ALT. Leather has successfully raised a total of $718K through 1 strategic funding round. The most recent funding activity was a Seed round of $718 thousand completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $718,000
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First Round
First Round
(29 Jan 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Seed - ALT. Leather | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ALT. Leather
ALT. Leather has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Startmate, Wollemi Capital Group and Austin Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startmate is recognized as a leading startup accelerator in ANZ.
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Founded Year | Domain | Location | |
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Wollemi Capital Group is focused on impact-driven investments.
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Founded Year | Domain | Location | |
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LaunchVic is recognized as Victoria's startup agency, focused on ecosystem development.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ALT. Leather
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ALT. Leather
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alt. Leather Comparisons
Competitors of ALT. Leather
ALT. Leather operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Canvaloop, Asia Pacific Rayon, Circular Systems, EnviroFlight and The Hurd Co, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering sustainable fabrics and materials from agricultural waste
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| domain | founded_year | HQ Location |
Biodegradable viscose-rayon is developed from renewable wood cellulose.
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| domain | founded_year | HQ Location |
Developer of circular and regenerative textile technologies
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| domain | founded_year | HQ Location |
Waste is converted into protein-rich agri feedstock using insects.
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| domain | founded_year | HQ Location |
Sustainable fabrics are developed from agricultural waste for apparel.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alt. Leather
Frequently Asked Questions about ALT. Leather
When was ALT. Leather founded?
ALT. Leather was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is ALT. Leather located?
ALT. Leather is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Who is the current CEO of ALT. Leather?
Tina Funder is the current CEO of ALT. Leather. They have also founded this company.
Is ALT. Leather a funded company?
ALT. Leather is a funded company, having raised a total of $718K across 1 funding round to date. The company's 1st funding round was a Seed of $718K, raised on Jan 29, 2024.
What does ALT. Leather do?
ALT. Leather was founded in 2022 in Melbourne, Australia. Sustainable materials are developed by the company through the conversion of waste and regenerative plants into plant-based leather alternatives. Operations focus on the textile sector, where solutions for eco-friendly production are provided. The founder and CEO, Tina Funder, leads efforts in creating these alternatives for broader industrial applications.
Who are the top competitors of ALT. Leather?
ALT. Leather's top competitors include Asia Pacific Rayon, Canvaloop and EnviroFlight.
What products or services does ALT. Leather offer?
ALT. Leather offers Alt. Leather.
Who are ALT. Leather's investors?
ALT. Leather has 4 investors. Key investors include Startmate, Wollemi Capital Group, Austin Group, and LaunchVic.