Aloqia Company Profile

Background

Aloqia, formerly known as Queen of Raw, is a pioneering company dedicated to transforming excess inventory into profitable opportunities through innovative software solutions. Specializing in the management of surplus materials across various industries—including fashion, consumer packaged goods (CPG), technology, and food & beverage—Aloqia integrates reuse, resale, and recycling operations to promote sustainability and supply chain resilience. The company's mission is to reduce environmental impact by efficiently managing surplus inventory, thereby aligning financial benefits with sustainable practices.

Key Strategic Focus

Aloqia's strategic focus centers on:

Excess Inventory Management: Providing solutions for businesses to effectively manage surplus materials through resale, reuse, recycling, or sourcing.

Sustainability Integration: Embedding sustainable practices into supply chain operations to minimize waste and environmental impact.

Technological Innovation: Utilizing proprietary software platforms to streamline inventory processes and enhance operational efficiency.

Market Expansion: Serving a diverse range of industries, including fashion, CPG, technology, and food & beverage, to address the universal challenge of excess inventory.

Financials and Funding

Aloqia has secured multiple funding rounds with backing from notable investors, including Future Planet Capital and True Wealth Ventures. The company closed a Venture - Series Unknown round on November 15, 2022, with undisclosed funding details. Earlier, Aloqia raised $1 million through a Seed Round on April 30, 2020.

Pipeline Development

Aloqia's key offerings include:

Materia MX: A flagship software-as-a-service (SaaS) platform designed for efficient management of surplus inventory, enabling businesses to optimize storage, reduce carrying costs, and streamline redistribution efforts by integrating logistics and data processes.

Climate Fintech Software: Award-winning solutions that assist companies in meeting regulatory requirements by converting potential pollution into profit.

Technological Platform and Innovation

Aloqia's technological platforms and innovations include:

Materia MX: A proprietary SaaS platform that centralizes excess inventory data, applies algorithms for intelligent decision-making, and automates project management across the supply chain.

Climate Fintech Solutions: Software that measures and reports sustainability metrics, aligning with science-based standards developed with the support of MIT Solve.

Leadership Team

Stephanie Benedetto, CEO: A Juris Doctor from the University of Pennsylvania and Emory University School of Law, Stephanie is a former corporate attorney with deep expertise in the textile industry. As CEO, she steers Aloqia's strategic direction, ensuring sustainable practices and operational excellence.

Phil Derasmo, CTO/COO: With experience as an environmental engineer for NYC Department of Environmental Protection and as a technology architect at Citigroup, Phil drives Aloqia's technological and operational framework, enhancing the efficiency of Aloqia’s platform offerings.

Torsten Gross, CMO/Chief Growth Officer: Bringing a wealth of experience from consulting and marketing with firms such as Deloitte Consulting, BBDO, and R/GA, Torsten focuses on brand growth and strategic market positioning, leveraging both traditional and digital avenues to broaden Aloqia’s reach.

Leadership Changes

There have been no recent significant changes or appointments within Aloqia's leadership team.

Competitor Profile

Market Insights and Dynamics

The sustainable fabrics market reached USD 39.6 billion in 2023, driven by technological advancements and increasing demand for eco-conscious products. Aloqia's leadership and strategic market positioning highlight its role in advancing sustainability within the textile industry.

Competitor Analysis

In the competitive sphere of sustainable fabrics and textile recycling, Aloqia contends with companies like Vuori, Lyst, JOOR, The Folklore Group, and Grabble. These competitors are renowned for their innovative sustainability management and circular economy solutions.

Strategic Collaborations and Partnerships

Aloqia has established significant partnerships, including:

SHEIN: Collaborated to source deadstock materials and promote circular fashion, supporting textile recycling efforts and aligning with the European Union's 2030 vision for sustainable and circular textiles.

Ralph Lauren: Partnered to address fabric waste in production, diverting 11.8 metric tons of unused materials from landfill in 2022.

Operational Insights

Aloqia's strategic considerations include:

Market Position: Operating at the nexus of sustainability, technology, and the textile industry, addressing the critical need for inventory optimization and environmental conservation.

Competitive Advantages: Proprietary technologies like Materia MX, strategic partnerships, and a leadership team with deep industry expertise.

Strategic Opportunities and Future Directions

Aloqia's strategic roadmap includes:

Expansion into New Industries: Extending solutions beyond fashion to sectors like food and beverage, CPG, hospitality, automotive, and aviation.

Technological Advancements: Enhancing software capabilities to provide deeper insights and more efficient inventory management.

Sustainability Leadership: Continuing to drive industry standards for sustainable practices and circular economy initiatives.

Contact Information

For more information, visit Aloqia's official website: www.aloqia.com

Follow Aloqia on LinkedIn: Aloqia LinkedIn

Note: Specific contact details such as email addresses, phone numbers, and physical addresses are not provided in this profile.