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Syre
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Producer of textiles using textile-to-textile depolymerization

Founded in 2023
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Company type Private Public ()
Company type

Industry Group waste & recycling

Sector fashion

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Sweden Sweden
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Parent Companies H&M

Updated by at on 05/26/2024

Edited by Cleantech Group on 12/17/2024

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Date Company
Partnerships
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Date Partner Type
03/11/2024
H&M H&M
$600M, 7-year offtake agreement for recycled PET.
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Confirmed by H&M
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IPO INFORMATION

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Date Investors Type Amount
05/23/2024 Giant Ventures Giant Ventures , IMAS Foundation IMAS Foundation , Norrsken VC Norrsken VC , Volvo Cars Technology Fund Volvo Cars Technology Fund , TPG Rise Climate TPG Rise Climate , H&M Group H&M Group (6)
Post-money valuation of
The funding will allow Syre to acquire the patented technology for their textile-to-textile recycling solution
Series A $100,000,000
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