Syre (Series A)
Funding Details
Awarder
Inbox
Date Award
May 23, 2024
Vertical
Textile
Funding URL
View Funding Page
Funding Amount
$100,000,000
Company Info
Founding Year
2023
Organizations Involved
Vargas, H&M Group, TPG Rise Climate, Giant Ventures, IMAS Foundation, Norrsken VC, Volvo Cars, Premirr
Founders
Vargas, H&M Group
Market
Apparel, Automotive, Interior
Location
North Carolina, NC, US
Coinvestors
TPG Rise Climate, H&M Group, Giant Ventures, IMAS Foundation, Norrsken VC, Volvo Cars
Company Description

Syre is a textile impact company on a mission to decarbonize and dewaste the textile industry through textile-to-textile recycling at hyperscale, starting with polyester. The company's textile-to-textile recycling solution provides circular polyester with quality on par with virgin polyester, but with superior sustainability performance.

Links
Website
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