Syre Raised $100M Series A

Syre Raised $100M Series A

Adin Ermie

Sweden-based, Syre, a textile company raised $100 million led by TPG Rise Climate in a Series A round.

The round was backed with an additional investment by IMAS Foundation, Norrsken VC, H&M Group and Giant Ventures,  and Volvo Cars.

CEO Syre, Dennis Nobelius said in an interview  that the company will use these funds to set up big plants to recycle textile waste.

Syre is a leading textile company that helps companies to reduce carbon footprint by recycling textile for sustainable living.