TomTex

Brooklyn, United States Founded: 2020 • Age: 6 yrs
Biodegradable textiles are developed from seafood shells and mushroom waste.
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About TomTex

TomTex is a company based in Brooklyn (United States) founded in 2020 by Ross McBee, Uyen Tran, and Atom Nguyen.. TomTex has raised $4.2 million across 3 funding rounds from investors including MIH Ventures, Parley for the Oceans and Happiness Capital. The company has 1 employees as of December 31, 2021. TomTex operates in a competitive market with competitors including Bolt Threads, MycoWorks, Modern Meadow, BioFluff and Arda Biomaterials, among others.

  • Headquarter Brooklyn, United States
  • Employees 1 as on 31 Dec, 2021
  • Founders Ross McBee, Uyen Tran, Atom Nguyen
  • Sectors
    Retail
    Environment Chemicals & Materials
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Retail → Fashion & Retail Innovation → →
Environment → Environmental Management & Pollution Control → →
Chemicals & Materials → Advanced & Functional Materials → →
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $4.2 M (USD)

    in 3 rounds

  • Latest Funding Round
    $2.25 M (USD), Seed

    Nov 17, 2023

  • Investors
    MIH Ventures

    & 11 more

  • Employee Count
    1

    as on Dec 31, 2021

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Funding Insights of TomTex

TomTex has successfully raised a total of $4.2M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.25 million completed in November 2023. 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 Rounds 3
  • Last Round Seed — $2.2M
  • First Round

    (02 Oct 2021)

  • Investors Count 12
Date Amount Transaction Name Valuation Lead Investors Investors
Nov, 2023 Amount Seed - TomTex Valuation Happiness Capital
SOSV , Parley
Apr, 2022 Amount Seed - TomTex Valuation SOSV
Nucleus Adventure Capital , C3 Ventures
Oct, 2021 Amount Seed - TomTex Valuation IndieBio
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investors in TomTex

TomTex has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include MIH Ventures, Parley for the Oceans and Happiness Capital. 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.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Happiness Capital
Early-stage investments are targeted globally by this VC fund.
Founded Year Domain Location
SOSV
Venture capital and accelerator services are provided across multiple sectors.
Founded Year Domain Location
Earth Venture Capital
-
Founded Year Domain Location
Investor Description Founded Year Domain Location
Amitabh Bachchan family office
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Signite Partners
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Sixteenth Street Capital
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
GGV Capital
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by TomTex

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - TomTex

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Tomtex Comparisons

Employees
+
Add Comparison
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Competitors of TomTex

TomTex 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 Bolt Threads, MycoWorks, Modern Meadow, BioFluff and Arda Biomaterials, 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
Bolt Threads
domain founded_year HQ Location
Mycelium-based leather alternative fabrics are manufactured and provided.
MycoWorks
domain founded_year HQ Location
Bio-based materials from mycelium are manufactured as sustainable leather alternatives.
Modern Meadow
domain founded_year HQ Location
Bio-fabricated leather products and accessories are provided online.
BioFluff
domain founded_year HQ Location
Provider of plant based fur
Arda Biomaterials
domain founded_year HQ Location
Biomaterials are developed for fashion, home goods, and automotive uses.
FairCraft
domain founded_year HQ Location
Lab-grown leather alternatives are developed using cell biology techniques.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Tomtex

Frequently Asked Questions about TomTex

When was TomTex founded?

TomTex was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is TomTex located?

TomTex is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.

Who is the current CEO of TomTex?

Uyen Tran is the current CEO of TomTex. They have also founded this company.

Is TomTex a funded company?

TomTex is a funded company, having raised a total of $4.2M across 3 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on Oct 02, 2021.

How many employees does TomTex have?

As of Dec 31, 2021, the latest employee count at TomTex is 1.

What does TomTex do?

TomTex was founded in 2020 and is based in Brooklyn, United States. Naturally biodegradable textiles are created by the company to replicate properties of conventional fabrics. Raw materials sourced from waste, including seafood shells and mushroom byproducts, are processed for use in the sustainable textiles sector. Operations center on material innovation within the environmental technology industry, targeting reduced waste in fabric production.

Who are the top competitors of TomTex?

TomTex's top competitors include Bolt Threads, MycoWorks and Modern Meadow.

Who are TomTex's investors?

TomTex has 12 investors. Key investors include MIH Ventures, Parley for the Oceans, Happiness Capital, SOSV, and Earth Venture Capital.

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