Recover™ is a leading material sciences company and global producer of low-impact, high-quality recycled cotton fiber and cotton fiber blends. Its premium environmentally friendly, cost-competitive products are created in partnership with the supply chain for global retailers and brands, offering a sustainable solution to close the loop on fashion.
Textile waste is our raw material, and we transform it into sustainable recycled fibers, without the addition of solvents or water, closing the loop on fashion. According to the Higg MSI, Recover™ recycled cotton fiber generously outperforms virgin equivalent fibers, conventional cotton and organic cotton, across all 5 impact categories: Global warming potential, Eutrophication, Water scarcity, Fossil fuel depletion and Chemistry.
As a fourth-generation, family-owned company with a 70-year long history in the textile industry, Recover™ is on a mission to scale its proprietary technology to make a lasting positive impact on the environment and partner with brands/retailers and other change makers to meet the industry’s sustainability targets.
Textile waste is our raw material, and we transform it into sustainable recycled fibers, without the addition of solvents or water, closing the loop on fashion. According to the Higg MSI, Recover™ recycled cotton fiber generously outperforms virgin equivalent fibers, conventional cotton and organic cotton, across all 5 impact categories: Global warming potential, Eutrophication, Water scarcity, Fossil fuel depletion and Chemistry.
As a fourth-generation, family-owned company with a 70-year long history in the textile industry, Recover™ is on a mission to scale its proprietary technology to make a lasting positive impact on the environment and partner with brands/retailers and other change makers to meet the industry’s sustainability targets.
Location: Spain, l'Alcoià, Banyeres de Mariola
Employees: 201-500
Total raised: $100M
Valuation: $1.1B
Founded date: 1947
Investors 1
| Date | Name | Website |
| - | Eldridge | eldridge.c... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 10.06.2022 | - | $100M | - |
Mentions in press and media 5
| Date | Title | Description |
| 28.06.2022 | Recycling clothes is expensive and difficult. What can brands do to be sustainable? | Despite seeming simple, clothes are complex products containing many components and materials. This means recycling them is very difficult. Shutterstock Today we make more clothing than ever before. And the driver for this is primarily econ... |
| 10.06.2022 | Recover secures €94M to transform textile waste into sustainable recycled fibres; here’s how | Alicante, Spain-based Recover, a producer of sustainable, premium recycled cotton fibre and cotton fibre blends, announced on Thursday that it has raised a $100M (approximately €94M) in minority equity investment led by the Sustainable Inve... |
| 10.06.2022 | Spain's recycled fabrics specialist Recover sees $100 million minority stake investment from Goldman Sachs | Spanish cotton recycling company specialising in the textiles and the apparel industry, Recover, has received $100 million in a minority stake investment via the Sustainable Investing business unit within Goldman Sachs. The capital will be ... |
| 10.06.2022 | Goldman Sachs leads a $100 million investment in Spanish sustainable fashion startup Recover; now valued at $1.1 billion | Some have called it a fashion crime. The amount of waste in the fashion industry is unfathomable until you start peeling the surface. The $2.4 trillion fashion industry — with its short trend cycles and massive production rates — was named ... |
| - | Spain's recycled fabrics specialist Recover sees $100 million minority stake investment from Goldman Sachs | Spanish cotton recycling company specialising in the textiles and the apparel industry, Recover, has received $100 million in a minority stake investment via the Sustainable Investing business unit within Goldman Sachs. The capital will be ... |