ALT TEX
YC S22Toronto, CA · Founded 2020 · 10 employees · 10 known investors
Find your way into ALT TEX
2,179 people in our graph share verified history with the ALT TEX team — schools, employers, funds. One of them is your warm intro.
Arhaan A.unlockedknows Myra Arshad · together at Y Combinator (overlapped)
×9knows the team · via Y Combinator
knows the team · via Schulich School of Business - York University
knows the team · via Creative Destruction Lab
Develops alternative textile materials to replace polyester and reduce the fashion industry's plastic consumption and carbon emissions.
Advanced ManufacturingBiotechCircular EconomyClimate TechNew MaterialsCarbon Capture and RemovalBioplasticClimateFood TechCanadaAmerica / Canada
Founders & leadership· Y Combinator alumni (S22)
ALT TEX was founded in 2020 by Myra Arshad and Avneet Ghotra.
MA
Myra Arshadin𝕏Co-founder & CEOMyra Arshad comes from a family textile manufacturing background and has held sales and marketing roles at Fortune 500 companies. She previously founded FarmBox, an AI-enabled micro-farming platform, and fluidic, a direct-to-consumer lifestyle brand, before co-founding ALT TEX to develop sustainable materials for the fashion industry.30 Under 30 2025
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Avneet GhotrainCo-FounderShe has a background in biochemistry and environmental science, previously founded the non-profit Approaching Zero focused on reducing plastic pollution, and left medical school to pursue ALT TEX full-time.30 Under 30 2025
Investors · 10
Amplify CapitalToronto · $365K – $730K
Beresford VenturesOrlando
Garage CapitalWaterloo
Panache VenturesMontreal · $1.5M
Rebel FundSan Francisco · $100K – $5M
Spacecadet VenturesKent County · $100K – $500K
Y CombinatorSan Francisco · $500K
Globalive CapitalreportedToronto
Also in the syndicate · 2
PresstarRamen Ventures
Funding
SEC filings, press & company announcements$1.5M disclosed across 1 round · 2021
- $1.5Mpre-seed roundMay 2021 · 2 sources
Amplify Capital (lead), Garage Capital (lead), Globalive Capital, Panache Ventures, Presstar, Ramen Ventures, Spacecadet Ventures
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
In the news
Frequently asked questions
- What does ALT TEX do?
- Develops alternative textile materials to replace polyester and reduce the fashion industry's plastic consumption and carbon emissions.
- Who founded ALT TEX?
- ALT TEX was founded by Myra Arshad, Avneet Ghotra in 2020.
- Who are ALT TEX's investors?
- ALT TEX's investors include Amplify Capital, Beresford Ventures, Garage Capital, Panache Ventures, Rebel Fund, Spacecadet Ventures, Y Combinator, Globalive Capital.
- How much funding has ALT TEX raised?
- ALT TEX has disclosed $1.5M raised across 1 round.
- Where is ALT TEX headquartered?
- ALT TEX is headquartered in Toronto, CA.