ALT TEX is a pioneering company that aims to revolutionize the fashion industry by offering radically sustainable and ethical textiles, engineered from food waste. Founded in 2019, the company operates in the sustainability and waste solution sectors, addressing the pressing need for environmentally conscious practices within the fashion industry. With the increasing global demand for fashion, there is an urgent requirement to shift towards sustainable and eco-friendly materials to mitigate the industry's impact on the environment.
ALT TEX's mission is to re-imagine the conventional and environmentally harmful materials used in fashion. The company firmly believes in leveraging existing resources, specifically food waste, to create innovative textiles. By utilizing food waste as the primary source for production, ALT TEX sets itself apart from traditional textile production methods, offering a viable solution to the environmental concerns associated with the industry.
The most recent milestone for ALT TEX was the €200.00K grant investment received on 08 June 2023, with the backing of the renowned H&M Foundation - Global Change Award. This funding signifies a pivotal moment for the company, highlighting its potential to garner support from prominent entities in the industry, helping accelerate its growth and impact on the sustainable fashion space.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | €200.00K | 1 | 08 Jun 2023 | |
Seed Round | Unknown | 1 | 01 Oct 2022 | |
Seed Round | Unknown | 1 | 01 Aug 2022 | |
Pre Seed Round | $500.00K | 1 | 21 Jul 2022 | |
Grant | $15.00K | 1 | 20 Oct 2021 |
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