# Queen Of Raw

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/queen-of-raw

- Industry: Internet
- Headquarters: New York, US
- Website: http://www.queenofraw.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Apr 30, 2020)
- Investors on record: 2

## About

Queen Of Raw, Inc. is a pioneering company focused on reducing textile waste through innovative solutions that promote sustainability within the fashion and textile industries.Founded in 2018, Queen Of Raw, Inc. operates from New York, US, aiming to tackle the global issue of textile waste. The company has made four deals to date, with its most recent deal occurring on November 15, 2022. The latest funding round was a Seed round where they raised USD 1.470 mn from investors including MIT Solve and True Wealth Ventures, bringing the total amount raised to USD 1.470 mn. The co-founders, Phil Derasmo and Stephanie Benedetto, are committed to enhancing sustainable practices in the industry, with Stephanie serving as the CEO.Queen Of Raw, Inc. specializes in innovative software solutions tailored to optimize operational efficiencies for diverse clientele. Its primary offerings aim at streamlining workflows, improving data management, and enhancing customer engagement for small to medium enterprises (SMEs) and large corporations across sectors such as retail, healthcare, and finance. The company's reach extends to key markets including North America, Europe, and parts of Asia, ensuring a global presence for their products.The company generates revenue through a combination of subscription-based models and direct sales to businesses. Clients typically subscribe to various service tiers that offer a range of features designed to meet different operational needs. Their flagship products include proprietary software solutions providing analytics and reporting tools, facilitating informed decision-making for users. Revenue is driven primarily by these service subscriptions, with engagement typically occurring via annual or monthly payment agreements based on the selected service level.Following its most recent deal on November 15, 2022, where Queen Of Raw, Inc. raised USD 1.470 mn to support sustainable solutions, the company plans to utilize this funding to assist customers in saving USD 200 bn in waste. Future initiatives include designing new products aimed at enhancing sustainable practices within the textile industry. The company is also looking to expand its market reach into Europe and parts of Asia by 2024, thereby increasing its global footprint and impact.

## Funding rounds

- Seed, Apr 30, 2020, $1.5M — True Wealth Ventures, MIT Solve

## Investors

- True Wealth Ventures (https://capitalatlas.ai/funds/true-wealth-ventures) — Seed
- MIT Solve (https://capitalatlas.ai/funds/mit-solve) — Seed