Syre is a textile impact company with a mission to decarbonize and dewaste the industry through textile-to-textile recycling at hyperscale.
Total raised: $100M
Investors 2
| Date | Name | Website |
| 11.09.2024 | The Rise F... | therisefun... |
| 06.09.2024 | Giant Vent... | giant.vc |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 30.05.2024 | Series A | $100M | - |
Mentions in press and media 12
| Date | Title | Description |
| 22.08.2024 | 8 European climate tech companies to watch | A series of monster funding rounds have boosted fintech and climate tech in particular, and revealingly, many founders are betting on success by taking on high-interest debt, rather than sharing equity with investors. 3 roles to apply for t... |
| 30.05.2024 | Syre Raises $100M in Series A Funding | Syre, a Stockholm, Sweden-based textile impact company, raised $100M in Series A funding. The round was led by TPG Rise Climate who was joined by an additional investment from founder H&M Group as well as Giant Ventures, IMAS Foundation... |
| 30.05.2024 | H&M-backed Syre plans to make textile-to-textile recycling a ‘hyperscale’ reality ‘in only a few years’ time’ | Stockholm, Sweden-based Syre recently announced a $100 million Series A raise, the bulk of which will go towards making textile-to-textile recycling a reality “at hyperscale,” starting with polyester. H&M Group and impact investor Varga... |
| 24.05.2024 | Syre's $100 Million Series A Funding and Expansion Plans | Syre, the textile impact company, recently secured a whopping $100 million in Series A funding to fuel its ambitious plans for gigascale textile-to-textile recycling plants. The company, founded by Vargas and H&M Group, is on a mission ... |
| 24.05.2024 | Textile-to-textile recycling company Syre receives US $ 100 million investment | Image Courtesy : https://sportstextiles.com The young, innovative recycling startup Syre has raised an extra US $ 100 million in a fresh round of funding, according to a press release. The first recycling and manufacturing facility in the U... |
| 23.05.2024 | The Week in AgriFoodTech: Textile impact company Syre raises $100m, Nestlé launches brand for GLP-1 consumers | This week, Syre, a “textile impact company” started by Vargas and H&M Group raised a massive Series A to fund its forthcoming textile-to-textile recycling plants. In foodtech, UK-based Nory announced new capital to bring more AI into th... |
| 23.05.2024 | Syre raises $100 million Series A – shortlists Vietnam and Iberia for first gigascale plants | Syre raises $100 million Series A – shortlists Vietnam and Iberia for first gigascale plants Thu, May 23, 2024 07:30 CET Report this content STOCKHOLM, May 23, 2024. Syre, the textile impact company initiated by Vargas and H&M Group whi... |
| 23.05.2024 | Sweden’s textile impact company Syre raises €92.2M just two months after being launched | Read this article in: Stockholm-based Syre, a textile impact company initiated by Vargas Holding and H&M Group launched earlier this year, has secured $100M (approximately €92.20M) in a Series A round of funding. Led by founding investo... |
| 16.05.2024 | ‘People don’t realize how much fashion needs new materials’ but biomaterials investors can be hard to find, say experts | Fashion brands are desperately seeking new, sustainable materials as they come under increasing pressure to produce garments with improved environmental credentials, experts told the audiences of last week’s SynBioBeta conference in San Jos... |
| 11.03.2024 | Meet Syre, a new Swedish venture launched by Vargas and H&M Group to decarbonise textile industry; secures “substantial investment” | Read this article in: Vargas Holding and H&M Group have announced the launch of their initiative, Syre, to revolutionise the textile industry by recycling polyester on a massive scale. Syre plans to establish global production plants fo... |
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