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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
Advanced method for separating and recycling textile fibers into new materials.
End-to-end system for collecting and remanufacturing textile waste.
People of BlockTexx
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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.
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.
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Venture capital and private debt fund focused on climate, agrifood, health, AI, and multiple sectors
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Fashion innovation services are provided to the industry.
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Support is provided for businesses in Australia through government resources.
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Investor details for BlockTexx
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Investments & Acquisitions by BlockTexx
Investment portfolio details for BlockTexx
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Financial Statements - BlockTexx
Detailed financials for BlockTexx
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Blocktexx Comparisons
Peer comparison for BlockTexx
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Fibre and textile recycling services are provided by Martex Fiber.
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Waste textiles are managed through specialized services in Finland.
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Provider of textiles recycling services
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Waste recycling services are provided in Japan by ECOMMIT.
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Polyester-based textiles are recycled through a patented low-carbon process.
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Detailed competitors of BlockTexx
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Latest news on Blocktexx
Complete news archive for BlockTexx
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Frequently Asked Questions about BlockTexx
BlockTexx was founded in 2018 and raised its 1st funding round 3 years after it was founded.
BlockTexx is headquartered in Manly, Australia. It is registered at Manly, New South Wales, Australia.
BlockTexx is a funded company, having raised a total of $7M across 2 funding rounds to date.
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.
BlockTexx's top competitors include Revolution-ZERO, ECOMMIT and Rester.
BlockTexx offers S.O.F.T. Process and Textile Recycling Service.
BlockTexx has 4 investors. Key investors include Fashion For Good, Artesian, Michael Gregg, and business.gov.au.