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§ Private Profile · Loganholme, Queensland, Australia
Textile recycling company recovers polyester and cellulose from textile waste for Australian businesses, diverting textiles from landfills.
BlockTexx is a clean technology company based in Loganholme, Queensland, that recovers polyester and cellulose from commercial textile waste using a proprietary chemical separation process. The organization utilizes its patent-pending Separation of Fibre Technology to process hard-to-recycle fabric blends, such as polyester and cotton, achieving an approximate 95 percent material recovery rate. Operating Australia's first dedicated textile recycling center, the enterprise charges commercial clients an estimated $300 per tonne to divert unwanted clothing, bedsheets, and towels from local landfills. The recovered materials are subsequently converted into high-quality inputs for manufacturing new products across various industrial sectors. The company employs approximately 30 people at its primary facility and operates under a leadership team that includes industry professionals Stephen Evans, Di May, and Anna Minns. BlockTexx was established in 2018 by co-founders Graham Ross and Adrian Jones.
BlockTexx has raised $4.6M across 1 funding round.
BlockTexx has raised $4.6M in total across 1 funding round.
BlockTexx has raised $4.6M across 1 funding round. Most recently, it raised $4.6M Series B in February 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 28, 2024 | $4.6M Series B | — | Michael Gregg, SUE Gregg, Fashion For Good | Announced |
BlockTexx has raised $4.6M in total across 1 funding round.
BlockTexx's investors include Michael Gregg, Sue Gregg, Fashion for Good.