Syre
Action speaks louder than words
Founded 2023 · $100.0M raised
- Founded
- 2023
- Business Model
- B2B
- Website
- syre.com
- Total Funding
- $100.0M
- Last Round
- $100.0M Series AMay 2024
- Rounds
- 1
About
Syre is a textile impact company decarbonizing and dewasting the apparel industry through textile-to-textile polyester recycling at hyperscale. Founded in 2023 by H&M Group and investment firm Vargas, Syre is building large-scale recycling plants worldwide, targeting 3 million metric tons of circular polyester production and over 15 million metric tons of CO2e abatement by 2032.
Summary
Syre is a Climate Tech company, founded in 2023. It has raised $100.0M in total across 1 round, most recently a $100.0M Series A round in May 2024. Investors include TPG (Growth/Rise), H&M Group and Volvo Cars.
Tech & App Stack
2 technologies & apps tracked
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Funding History
May 2024
Investors
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