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- What is Axiv Materials' core technology?
- Axiv Materials is developing a proprietary technology to extract high-quality proteins from waste streams and upcycle them into sustainable, biodegradable textile fibers.
- What problem does Axiv Materials aim to solve in the textile industry?
- Axiv Materials aims to address the environmental impact of the textile industry, which discards 92 million tonnes of textiles annually, with 70% being non-biodegradable plastics. The company upcycles protein waste into biodegradable fibers to offer a sustainable alternative.
- When was Axiv Materials founded?
- Axiv Materials was founded in July 2023.
- Where is Axiv Materials headquartered?
- Axiv Materials is headquartered in Atlit, Israel.
- How much funding has Axiv Materials raised to date?
- Axiv Materials has raised a total of $850,000.
- When did Axiv Materials complete its most recent funding round and who were the lead investors?
- In October 2024, Axiv Materials completed a Pre-Seed funding round of $850,000, with i4Valley as the lead investor.
- What is the current employee count for Axiv Materials?
- Axiv Materials currently has 5 employees.
- Who are the founders of Axiv Materials?
- The founders of Axiv Materials are Elinor Josef and Ophir Marom.
- What are the potential applications for Axiv Materials' biodegradable fibers?
- Axiv Materials' biodegradable fibers could be used to produce textiles for various applications, including apparel, home textiles, and automotive interiors.