Series A Funding Announcement
Apr 30, 2021
BlockTexx is now underway to build and commission its world-first, commercial-scale, textile resource recovery facility.
The co-founders of BlockTexx, Graham Ross and Adrian Jones, are excited to announce that the company has closed its second investment round.
Private investment and government funding contributed to the AUD $5.5M capital raise in recognition of BlockTexx’s S.O.F.T. (separation of fibre technology) process as a solution to the textile waste problem in Australia and across the world.
BlockTexx is now underway to build and commission its world-first, commercial-scale, resource recovery facility.
To date, investment in innovation in this space has been lacking, BlockTexx is excited to bring our world leading resource recovery technology to the market.