AlgiKnit
Latest round
- Series A
Last raised
- Apr 2022
Total raised
- $15M
Investors
- 7
About AlgiKnit
, based in Brooklyn, US, develops innovative fiber technology from seaweed, offering sustainable alternatives to traditional textiles.AlgiKnit Inc. specializes in sustainable fiber technology derived from oceanic sources. Founded in 2017 by Aaron N, Aleks Gosiewski, and Tessa Callaghan, the company has undergone strategic pivots to solidify its focus on eco-friendly solutions.241 mn.AlgiKnit Inc. offers Kelsun® fiber, a sustainable textile derived from seaweed biopolymers. This fiber serves as a biodegradable alternative to conventional textiles and targets fashion brands, textile manufacturers, and eco-conscious consumers.AlgiKnit Inc. generates revenue through B2B partnerships and direct sales of Kelsun® fiber to textile manufacturers and brands. Orders are placed based on production requirements, focusing on bulk sales to wholesalers and retailers to support scalable production and distribution.In April 2022, AlgiKnit Inc. The company plans to target further geographic regions to broaden its impact on sustainable textiles.
Who invested in AlgiKnit
7 investors across 3 rounds
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Questions about AlgiKnit
Who invested in AlgiKnit?
AlgiKnit has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has AlgiKnit raised?
AlgiKnit has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did AlgiKnit last raise money?
AlgiKnit's most recent round on record is a Series A, in Apr 2022.
What does AlgiKnit do?
, based in Brooklyn, US, develops innovative fiber technology from seaweed, offering sustainable alternatives to traditional textiles.
Where is AlgiKnit headquartered?
AlgiKnit is headquartered in Brooklyn, US.
Which VCs invest in companies like AlgiKnit?
Among active investors with capital left to deploy, S2G Ventures, CAVU Consumer Partners, Gaingels and Alumni Ventures Group back materials companies at AlgiKnit's stage. Their profiles are linked below.
VCs backing materials startups at Series A
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