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ALT TEX

YC S22

Toronto, CA · Founded 2020 · 10 employees · 14 known investors

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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.

MAMyra Arshad
Myra ArshadCo-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
AGAvneet Ghotra
Avneet GhotraCo-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 · 14

Beresford Ventureslisted by Beresford VenturesOrlando
Collaborative Fundlisted by Collaborative FundNew York · $500K – $1M

How we know: collabfund.com · Not right? Tell us

Creative Destruction Lab (CDL)listed by Creative Destruction Lab (CDL)Toronto · $50K – $250K
Garage Capitallisted by Garage CapitalWaterloo

How we know: Garage Capital's portfolio page · betakit.com · the VCSheet dataset · Not right? Tell us

IT-Farm Corporationlisted by IT-Farm CorporationTokyovia Julien Nguyen · inferred

How we know: IT-Farm Corporation's portfolio page · Not right? Tell us

Maiora Rebel Ventureslisted by Maiora Rebel Ventures

How we know: Y Combinator's founder network · Not right? Tell us

Panache Ventureslisted by Panache VenturesMontreal · $1.5M

How we know: Panache Ventures's portfolio page · betakit.com · the VCSheet dataset · Y Combinator's founder network · Not right? Tell us

Rebel Fundlisted by Rebel FundSan Francisco · $100K – $5M

How we know: Rebel Fund's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Spacecadet Ventureslisted by Spacecadet VenturesKent County · $100K – $500K

How we know: betakit.com · the VCSheet dataset · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

Globalive CapitalreportedToronto

How we know: betakit.com · Not right? Tell us

Also in the syndicate · 2

PresstarRamen Ventures

Funding

SEC filings, press & company announcements

$1.5M disclosed across 1 round · 2021

Source: company announcements and press reports — follow each round's link for the claim.

Related companies · 5

Industrial MicrobesiMicrobes uses synthetic biology to develop cost-effective sustainable materials and replace conventional manufacturing processes. The company focuses on circular economy principles, converting waste streams into value through biotechnology.
HeimdalHeimdal manufactures direct air capture equipment that removes CO2 from the atmosphere and stores it permanently, operating facilities in the United States including the nation's largest low-cost capture plant.
AbatableAbatable provides a platform to help organizations navigate environmental markets for forest protection, clean energy, and community development projects. The platform connects buyers, investors, and project developers in carbon and nature-based markets.
SINAISINAI provides software to help companies measure, reduce, and report their carbon emissions and develop decarbonization strategies. The platform serves carbon-intensive organizations globally with tools for emissions analysis, reporting, and actionable decarbonization planning.
Carbon CrusherCarbon Crusher uses lignin-based materials to recycle existing road surfaces into carbon-negative replacements, removing approximately 1.5 tonnes of CO2 per 100 feet of road. The company offers crushing and refurbishment services to road owners and operators, with plans to use satellite monitoring for road condition assessment.

Companies working in the same space as ALT TEX.

Legal entities · 1

corporate structure
ALT TEX Inc.

In the news

ALT TEX: Fabric made from food waste 🍎👕ycombinator.com · Aug 2022ALT TEX Funding | $1-5M Revenue | Complete Analysis | Extruct AIextruct.ai · May 2021ALT TEX closes $1.5 million pre-seed round to commercialize sustainable polyester alternative | BetaKitbetakit.com · May 2021

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, Collaborative Fund, Creative Destruction Lab (CDL), Garage Capital, IT-Farm Corporation, Maiora Rebel Ventures, Panache Ventures and 4 more.
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.