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An unused-raw-materials-marketplace startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow
most promising and innovative startups from around the world.
#DailyDealflow newsletter delivers one seed-stage startup a day, every work day
and is presented by Silicon Valley Bank. |
Queen of Raw
Queen of Raw is a marketplace for textile producers to sell unused textiles to brands and creators. Typically, these unused products end up in a landfill or being burned. By turning this pollution into profit, they will save over 4 billion gallons of water by 2025.
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Global Marketplace for Unused Raw Materials (like Textiles) & Blockchain-Enabled Supply Chain Management - Queen of Raw takes all the waste and debt in the industry and turns it into profit. Matching buyers with sellers, unused raw materials are sold quickly and easily at lower price points, giving people access to materials that they never had before. Sellers map, measure, and trace their supply chains, minimizing their waste streams going forward.
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What Problem Are They Solving?
Broken Supply Chain - U.S. $120B worth of excess fabric is sitting in warehouses around the world, awaiting its end of being burned or buried. It is a massive liability for the factories that over produced it and for the brands that over purchased it, killing the environment and drastically affecting a business’ bottom line.
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What's Innovative About Their Solution?
Sellers - Factories, brands, and retailers post their unused raw materials and start selling in minutes. They manage all their excess inventory in one place and collect custom data and analytics.
Buyers - Buyers find the raw materials they’re looking for and purchase it straight from the seller. If they don’t use all the material, they sell it back on Queen of Raw.
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📍 Location
New York, New York
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⚙️ Product Stage
First Full Release
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🏭 Industries
SaaS, Marketplaces, Blockchain
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🤑 Fundraising Status
Actively raising
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💸 Total Funding Range
$100k-250k
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🙌 Founder Demographics
Female founder
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Traction
Sustainability: Queen of Raw has already saved 700M+ gallons of water and saved businesses over $10M. By 2025, Queen of Raw can save 4B+ gallons of water. Member of Pledge 1% and Founding Member of Wildlife Friendly Enterprise Network, along with Aveda, Kering, and Stella McCartney.
Live on Cheddar from the floor of the New York Stock Exchange:
https://cheddar.com/videos/a-raw-deal-queen-of-raw-wins-360-000-from-wework
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Big Wins
- 50,000+ users, including H&M, Louis Vuitton, and Reformation.
- For every sale, we get a 25% to 50% commission.
- Named a Launch Innovator by NASA, NIKE, IKEA, and DELL.
- Co-host of top-rated podcast “Material Is Your Business.”
- One of 10 globally chosen to be a part of Techstars Anywhere 2018.
- Grand Prize Winner of WeWork Creator Awards presented by Ashton Kutcher.
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Contact the Founder:
Stephanie Benedetto
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