ALT TEX

YC S22 · Active · Biodegradable and carbon neutral textiles, engineered from food waste.

Competitors

Companies closest to ALT TEX
Company	Category	Status	Program
Genecis BioShared: food waste, bioplastic, climateActiveOther	Other	Active	YCW20
Releaf EarthShared: food waste, carbon capture and removal, climateActiveOther	Other	Active	YCS17
CarbonfactShared: fashion industry, climate, carbonActiveOther	Other	Active	YCS21
Georgette PackagingShared: carbon neutral, climateInactiveOther	Other	Inactive	YCW16
Industrial MicrobesShared: bioplastic, carbon capture and removal, climateActiveOther	Other	Active	YCW15

Adjacent

Companies next to ALT TEX
Company	Category	Status	Program
AbatableShared: carbon capture and removal, climate, highActiveOther	Other	Active	YCS21
Birch BiosciencesShared: high performance, biotech, climateActiveAI	AI	Active	YCS22
AirMyneShared: carbon capture and removal, climate, scaleActiveOther	Other	Active	YC +1W22
CanopiShared: carbon capture and removal, climateInactiveOther	Other	Inactive	YCS21
HeimdalShared: carbon capture and removal, climate, largestInactiveOther	Other	Inactive	YCS21

Also from S22

All of S22

Company	Category	Status
HedgehogBuilding robotic mushroom farmsActiveAI	AI	Active
BoostlyPremier growth platform for restaurantsActiveAI	AI	Active
LaminOpen data platform for traceable, multimodal AIActiveAI, Data, Devtools	AI, Data, Devtools	Active
PacesAgentic AI for Power Projects and AI InfrastructureActiveAI	AI	Active
QuinnYour biopharma team, from molecule design to portfolio strategyActiveAI	AI	Active
Serinus BiosciencesCombinations therapy by rational designActiveAI	AI	Active

About ALT TEX

ALT TEX is a Toronto-based biomaterials startup that has developed the world’s first biodegradable and carbon neutral fabric, engineered from the world’s largest landfill contributor - food waste. Polyester alone makes up 60% of the $2.5 trillion fashion industry and is the biggest blocker preventing brands from meeting sustainability mandates. The patent-pending ALT TEX fermentation technology creates a polyester alternative that works with the existing infrastructure to supply a sustainable, high performance and cost competitive polyester replacement to fashion brands, at scale. The product solves key problems for fashion brands, consumers, and the environment: (1) Fashion brands: ALT TEX sells fabric to fashion brands, allowing them to differentiate via sustainable options (sustainable fashion growing 11% CAGR) and hit sustainability targets, without sacrificing performance or changing their current supply chain. (2) Consumer: The ALT TEX fabric is projected to be half the price vs. other specialized sustainable alternatives (due to low-cost input and scalability), meaning greater accessibility. (3) Environment: A single shirt produced with ALT TEX fabric can divert 1 kg of food waste from landfills, 9 kg of carbon emissions from the air, and 4 g of micro-plastics from our waterways. Co-founders Myra and Avneet have worked together managing teams and projects for six years, with backgrounds in serial entrepreneurship, corporate sales at Fortune 500 companies, textile manufacturing and biochemistry. To date, ALT TEX has created their first fabric prototype that’s 70% stronger than cotton, secured $1M in LOIs and raised $2.3M.

YC batch: S22 · Summer 2022
Status, per YC: Active
Category: Other
Team size: 10
Location: Toronto, ON, Canada
Checked: 1h ago

YC tags: Carbon Capture and Removal, Bioplastic, Biotech, Climate, Food Tech

ALT TEX in S22: 233 companies, 55% AI

ALT TEX: questions

Which YC batch was ALT TEX in?

ALT TEX was in Y Combinator's Summer 2022 batch (S22).

Is ALT TEX still active?

Y Combinator lists ALT TEX as active.

Where is ALT TEX based?

ALT TEX lists Toronto, ON, Canada as its location on YC's directory.

Sources: each program's public company list, read twice a week. Not affiliated with Y Combinator or any other program. Logos via logo.dev; trademarks belong to their owners.