Tech Company Financing Transactions
Syre Funding Round
TPG Rise Climate Fund, Giant Ventures and H&M Group invested in a $100 million Series A venture round for Syre. The round was announced on 5/23/2024.
Transaction Overview
Company Name
Announced On
5/23/2024
Transaction Type
Venture Equity
Amount
$100,000,000
Round
Series A
Investors
TPG Rise Climate Fund (Lead Investor) (Joerg Metzner)
Proceeds Purpose
The funding will be used to begin the process of Syre's blueprint plant in the US, set to be operational later this year and establish the company's first two gigascale textile-to-textile recycling plants in Vietnam and Iberia, to start construction in 2025.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
Drottninggatan 82
Stockholm, 111 36
Sweden
Stockholm, 111 36
Sweden
Phone
Undisclosed
Website
Email Address
Overview
We are a textile impact company decarbonizing and dewasting the industry through textile-to-textile recycling. We envision a world where textile-to-textile recycling has become a natural part of our society's infrastructure.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Susanna Campbell
Chief Executive Officer
Dennis Nobelius
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