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 latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/22/2021 featuring funding details for AlgiKnit, Cureatr, and much more.