About BlockTexx
BlockTexx is a company based in Manly (Australia) founded in 2018.. BlockTexx has raised $7 million across 2 funding rounds from investors including Fashion For Good, Artesian and Michael Gregg. BlockTexx offers products and services including S.O.F.T. Process and Textile Recycling Service. BlockTexx operates in a competitive market with competitors including Martex Fiber, Rester, Revolution-ZERO, ECOMMIT and Recyc’ELIT, among others.
- Headquarter Manly, Australia
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Blocktexx Pty Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7 M (USD)
in 2 rounds
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Latest Funding Round
$7 M (USD), Series B
Feb 21, 2024
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Investors
Fashion For Good
& 3 more
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Employee Count
Employee Count
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Products & Services of BlockTexx
BlockTexx offers a comprehensive portfolio of products and services, including S.O.F.T. Process and Textile Recycling Service. 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.
Advanced method for separating and recycling textile fibers into new materials.
End-to-end system for collecting and remanufacturing textile waste.
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Funding Insights of BlockTexx
BlockTexx has successfully raised a total of $7M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in February 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 2
- Last Round Series B — $7.0M
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First Round
First Round
(21 Apr 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series B - BlockTexx | Valuation | Fashion For Good | |
| Apr, 2021 | Amount | Grant - BlockTexx | 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 BlockTexx
BlockTexx has secured backing from 4 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fashion For Good, Artesian and Michael Gregg. 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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Venture capital and private debt fund focused on climate, agrifood, health, AI, and multiple sectors
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Founded Year | Domain | Location | |
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Fashion innovation services are provided to the industry.
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Founded Year | Domain | Location | |
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Support is provided for businesses in Australia through government resources.
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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 BlockTexx
| 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 - BlockTexx
| 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 |
Blocktexx Comparisons
Competitors of BlockTexx
BlockTexx 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 Martex Fiber, Rester, Revolution-ZERO, ECOMMIT and Recyc’ELIT, 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 |
Fibre and textile recycling services are provided by Martex Fiber.
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| domain | founded_year | HQ Location |
Waste textiles are managed through specialized services in Finland.
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| domain | founded_year | HQ Location |
Provider of textiles recycling services
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| domain | founded_year | HQ Location |
Waste recycling services are provided in Japan by ECOMMIT.
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| domain | founded_year | HQ Location |
Polyester-based textiles are recycled through a patented low-carbon process.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Blocktexx
Frequently Asked Questions about BlockTexx
When was BlockTexx founded?
BlockTexx was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is BlockTexx located?
BlockTexx is headquartered in Manly, Australia. It is registered at Manly, New South Wales, Australia.
Is BlockTexx a funded company?
BlockTexx is a funded company, having raised a total of $7M across 2 funding rounds to date. The company's 1st funding round was a Grant of $991.62K, raised on Apr 21, 2021.
What does BlockTexx do?
BlockTexx was founded in 2018 and is based in Manly, Australia. Textile waste is processed and recycled through specialized services offered by the company. Operations focus on the environmental sector, where discarded fabrics and materials are managed to support waste reduction efforts. The recycling processes are handled locally, with the companys online presence maintained at blocktexx.com. Activities align with sustainable practices in the textiles industry.
Who are the top competitors of BlockTexx?
BlockTexx's top competitors include Revolution-ZERO, ECOMMIT and Rester.
What products or services does BlockTexx offer?
BlockTexx offers S.O.F.T. Process and Textile Recycling Service.
Who are BlockTexx's investors?
BlockTexx has 4 investors. Key investors include Fashion For Good, Artesian, Michael Gregg, and business.gov.au.