As you start your spring cleaning this year, it’s likely that you’ll end up throwing away large amounts of clothing. In fact, the volume of clothing that Americans dispose of annually has doubled in the last twenty years. Only 15% of textiles are presently recycled. AlgiKnit has developed a renewable yarn that’s made from kelp, a plentiful organism that rapidly regenerates. The yarn is extremely durable and compostable. The production process can be applied to an existing factor infrastructure so there isn’t a capital-intensive investment required to switch to using materials with a significantly lower environmental footprint. AlleyWatch caught up with Cofounder and CTO Aaron Nesser to learn more about the innovative process of turning seaweed into eco-conscious textile materials, the company’s future plans, and latest round of funding led by Horizons Ventures.
The popularity of socially responsible investments continues to grow. Between 2018 and 2020, sustainably invested assets under management grew to $17.1T, up 42%. This accounts for nearly 1/3 of US assets under professional management. Ethic is an asset management platform that lets advisors build socially conscious investment portfolios. The platform lets these wealth advisors purchase indexes and efficiently tailor them by opting out of individual investments that may not be suited to the client’s preferences based on 19 societal issues. The number of assets on Ethic has grown 10x since 2019 and the company now is helping wealth managers manage $760M in assets. AlleyWatch caught up with CEO and Cofounder Doug Scott to learn more about the red-hot environmental, social, and governance (ESG) market, the company’s future plans, and latest round of funding from investors that include Oak HC/FT, Fidelity Investments, Nyca Partners, Sound Ventures, ThirdStream Partners, Urban Innovation Fund, and Kapor Capital.
Buildings generate 80% of New York City’s greenhouse gas emissions. Improving energy efficiency isn’t only important to the environment but it also reduces costs, making housing more affordable in the long run. BlocPower is an energy technology startup that combines technology with structured finance solutions to encourage business owners to abandon their existing, obsolete heating and cooling solutions and replace them with sustainable alternatives. The company leverages machine learning to identify the buildings that will benefit the most from energy savings. For building owners, there is no upfront cost and repayment comes directly from energy savings. The company has already retrofitted 1000+ buildings in NYC and is expanding its efforts nationwide with projects in progress in 24 cities.
AlleyWatch caught up with CEO and cofounder Donnel Baird to learn more about the company, how his work with the Obama administration sparked the idea for the business, the company’s future plans, recent round of funding from investors that include American Family Insurance Institute for Corporate and Social Impact (AmFam), AccelR8 and The Goldman Sachs Urban Investment Group, with participation from Kapor Capital, Elemental Excelerator, CityRock Venture Partners, The Schmidt Family Foundation and Salesforce Ventures.
70+% of energy usage in the typical home comes from heating, cooling, and water heating. 2.9% of household income is spent in New York on electricity each year. Add in heating oil and home ownership becomes very costly, very quickly. Dandelion Energy has built a geothermal system that replaces a home’s existing air conditioning and heating systems by placing underground pipes below your property. At a basic level, in the winter, the pipes push heat stored in the ground into your home and in the summer, the pipes take away heat from your home. As society shifts away from a dependency on fossil fuels, customers are able to take advantage of federal, state, and utility subsidy programs that are available to reduce the cost of installation and upgrade for less than what they are paying now monthly.
AlleyWatch caught up with CEO Michael Sachse to learn more about the promise of widespread geothermal adoption, the company’s future plans, latest round of funding from investors that include Breakthrough Energy Ventures, GV, NEA, Lennar Corporation, Collaborative Fund, Building Ventures, Catchlight Ventures, and GroundUp.
Cadence is a cross-market brand that touches the lifestyle, beauty, wellness, fitness, and travel spheres. The mass-market potential comes from the fact that we aren’t asking consumers to change their existing habits: we’re providing a solution that fits into their daily lives. CEO and Cofounder Steph Hon shares how Cadence is taking plastic from beaches and turning into one of the most pragmatic purchases you’ll buy.
No matter how old you are, it seems no one can truly outgrow the lunchbox, and Modern Picnic is the contemporary lunch bag for sophisticated women who care equally about the food inside as they do about the aesthetic and style of the accessory holding it. The company’s line of lunch bags is made with […]
At the turn of the twentieth century, the swelling populations of newly arrived immigrants in New York City’s Lower East Side reached a boiling point, forcing the City to pass the 1901 Tenement House Act. Recalling this legislation, New York City’s Mayor’s Office recently responded to its own modern housing crisis by enabling developers for the […]
At the recent Smart Cities Conference in NYC, individuals and organizations that are spearheading the Smart Cities movement discussed the circular economy. The circular economy aims to minimize waste and make the most of resources. In other words, the circular economy represents everything that your disposable coffee cup does not. The individuals that led this […]
Washington DC was abuzz with news that had nothing to do with the occupant of The White House. A group of progressive legislators, led by Alexandra Ocasio-Cortez, in the House of Representatives, introduced “The Green New Deal.” The resolution by the Intergovernmental Panel on Climate Change was in response to the alarming Fourth National Climate Assessment by […]
Not a single dollar. Zero, nada, nil…
68% of the adult population is not getting a restorative night’s sleep. Enter weighted bedding, which is said to relive stress, reduce anxiety, and improve sleep. The weighted blanket craze can be traced back to a wildly successful Kickstarter campaign for the Gravity Blanket back in 2017 that raised $4.7M with a goal of only […]