About ALT TEX
ALT TEX is a company based in Brampton (Canada) founded in 2020 by Myra Arshad. ALT TEX has raised $1.37 million across 3 funding rounds from investors including Globalive Capital, Y Combinator and Sustainable Development Technology Canada. ALT TEX offers products and services including Food-to-Fabric Technology and Bioplastic Fiber. ALT TEX operates in a competitive market with competitors including Renewcell, Lenzing, Genomatica, Spiber and Claros Technologies, among others.
- Headquarter Brampton, Canada
- Founders Myra Arshad
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Sectors
RetailEnvironment Chemicals & Materials
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.37 M (USD)
in 3 rounds
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Latest Funding Round
$125 K (USD), Seed
Sep 07, 2022
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Investors
Globalive Capital
& 10 more
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Employee Count
Not available
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Products & Services of ALT TEX
ALT TEX offers a comprehensive portfolio of products and services, including Food-to-Fabric Technology and Bioplastic Fiber.
Converts food waste into biodegradable fibers for textiles applications
Produces durable, eco-friendly fabric alternatives to polyester
People of ALT TEX
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Funding Insights of ALT TEX
ALT TEX has successfully raised a total of $1.37M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $125 thousand completed in September 2022. 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.
Investors in ALT TEX
ALT TEX has secured backing from 11 investors, including venture fund and angel investors. Prominent investors backing the company include Globalive Capital, Y Combinator and Sustainable Development Technology Canada.
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Early-stage startups are accelerated via funding and educational programs.
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Venture capital firm focused on investing in clean tech sectors
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Seed-stage investments are made by Garage Capital across multiple sectors.
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Investor details for ALT TEX
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Investments & Acquisitions by ALT TEX
Investment portfolio details for ALT TEX
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Financial Statements - ALT TEX
Detailed financials for ALT TEX
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Alt Tex Comparisons
Peer comparison for ALT TEX
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Competitors of ALT TEX
ALT TEX 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 Renewcell, Lenzing, Genomatica, Spiber and Claros Technologies, among others.
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Biodegradable fibres are produced from recycled cellulosic materials.
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Wood-based sustainable fabrics are developed and provided by Lenzing.
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Plant-based nylon materials and renewable chemicals are manufactured from feedstocks.
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Sustainable fabric materials are developed via microbial fermentation processes.
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Provider of sustainable solutions for circular economy
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Provider of plant based fur
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Detailed competitors of ALT TEX
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Latest news on Alt Tex
Complete news archive for ALT TEX
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Frequently Asked Questions about ALT TEX
ALT TEX was founded in 2020 and raised its 1st funding round 1 year after it was founded.
ALT TEX is headquartered in Brampton, Canada. It is registered at Brampton, Ontario, Canada.
Myra Arshad is the current CEO of ALT TEX. They have also founded this company.
ALT TEX is a funded company, having raised a total of $1.37M across 3 funding rounds to date.
ALT TEX was founded in 2020 in Brampton, Canada, within the sustainable materials sector. Food waste is collected from various processors and transformed into biodegradable, carbon-neutral textiles. Solutions are offered to enable this conversion, supporting circular economy practices in textile production. Operations focus on waste management and material innovation for environmental sustainability.
ALT TEX's top competitors include Lenzing, Genomatica and SRTX.
ALT TEX offers Food-to-Fabric Technology and Bioplastic Fiber.
ALT TEX has 11 investors. Key investors include Globalive Capital, Y Combinator, Sustainable Development Technology Canada, Garage Capital, and Amplify Capital.