Syre raises $100 million in Series A funding led by TPG Rise Climate to build gigascale plants in Vietnam and Iberia
Amount Raised
$100 Million
Round Type
Series A
StockholmManufacturingFashionTextilesInvestors
Description
Syre, the textile impact company initiated by Vargas and H&M Group, has announced the signing of a $100 million Series A funding round. This round was led by founding investor TPG Rise Climate. The funding will finance the construction of the blueprint plant in the U.S. and the establishment of the company’s first two gigascale textile-to-textile recycling plants in Vietnam and Iberia.
Quick answer
Syre raised $100 Million in a Series A round, dated May 23, 2024. Investors: Volvo Cars, Norrsken VC, IMAS Foundation, Giant Ventures, H&M Group and TPG Rise Climate. Syre is based in Stockholm, Stockholm County, Sweden.
- How much did Syre raise?
- Syre raised $100 Million in a Series A round on May 23, 2024.
- Who invested in Syre?
- Volvo Cars, Norrsken VC, IMAS Foundation, Giant Ventures, H&M Group and TPG Rise Climate are named as investors in this round.
- What does Syre do?
- The textile industry today accounts for up to 10% of global CO2e emissions.
- Where is Syre based and how big is it?
- Syre is based in Stockholm, Stockholm County, Sweden. Fundz records about 64 employees.
- Who are the decision-makers at Syre?
- Fundz holds 1 contact at Syre. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Fashion and Textiles around the same time
Companies in the same sectors as Syre that raised within 45 days of this round, from Fundz verified event records.
- Zyod raised $18M (Funding Round) on June 24, 2024.
- The Pant Project raised $4.3M (Series A) on June 19, 2024.
- Novabay raised $226K on June 14, 2024.
- Richemont raised $13M on June 10, 2024.
- Technosport raised $25M (Funding Round) on May 30, 2024.
- Fix My Curls raised an undisclosed amount (Seed) on May 24, 2024.
Who to call at Syre, and when
A new round usually means Syre is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Syre raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Syre, from your own LinkedIn network
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Funding Insights
What this usually meansSyre raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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