Overview
Aloqia, previously known as Queen of Raw, is a pioneering company at the forefront of managing excess inventory within global supply chains. Specializing in developing innovative software solutions, Aloqia transforms unused resources into profitable opportunities by integrating reuse, resale, and recycling operations. Committed to sustainability, the company aims to significantly reduce environmental impact by efficiently managing surplus inventory.
Key Offerings
Software Solutions
- Materia MX: This flagship software-as-a-service (SaaS) platform is designed for efficient management of surplus inventory. It enables businesses to optimize storage, reduce carrying costs, and streamline redistribution efforts by integrating logistics and data processes.
- Climate Fintech Software: Known for its award-winning solutions, Aloqia assists companies in meeting regulatory requirements by converting potential pollution into profit.
Financial and Investment Information
- Aloqia has secured multiple funding rounds with backing from notable investors, including Future Planet Capital and True Wealth Ventures.
- Highlighted funding activities include a closed 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.
Leadership Team
Stephanie Benedetto, CEO
Stephanie Benedetto, a Juris Doctor from the University of Pennsylvania and Emory University School of Law, 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 Derasmo 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 Gross focuses on brand growth and strategic market positioning, leveraging both traditional and digital avenues to broaden Aloqia’s reach.
Strategic Market Positioning
Operating at the nexus of sustainability, technology, and the textile industry, Aloqia addresses the critical need for inventory optimization and environmental conservation. The company’s solutions are tailor-made for industries seeking to overhaul their inventory processes, aligning financial benefits with sustainable practices.
Company Presence and Influence
Seen as a thought leader in the transformation of the fashion and textile industry, Aloqia has been featured in prominent publications such as Forbes, Fast Company, and the Harvard Business Review. The company's dedication to corporate social responsibility stands as an advocate for positive environmental change.
Industry and Market Growth
Present in the thriving sustainable fabrics market, which hit USD 39.6 billion in 2023, Aloqia is poised for significant growth driven by technological advancements and the increasing demand for eco-conscious products. Aloqia’s leadership and strategic market positioning highlight its role in advancing sustainability within the textile industry.
Strategic Partnerships
Aloqia has forged strategic partnerships with major fashion industry entities, like SHEIN, to source deadstock materials and promote circular fashion. These collaborations support textile recycling efforts and align with the European Union's 2030 vision for sustainable and circular textiles.
Competitors
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.
Market Trends
The drive for sustainable textile practices is propelling substantial investments into companies specializing in recycled or recyclable fabrics. This trend is reinforced by regulatory initiatives worldwide, pushing the textile industry toward durable, repairable, and recyclable products.
Product Highlight
Central to Aloqia’s market success is the Materia MX platform, which facilitates the handling of excess inventory and enables brands to transform potential waste into profit. By integrating sustainable solutions, Aloqia stands out as a leader in technological innovation and sustainability implementation.
For updates and further insights, follow Aloqia on LinkedIn and their various social media platforms.
