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Syre

The AI engine Fit Assessment

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The company operates at industrial scale with textile-to-textile recycling to decarbonize the sector, plans hyperscale deployment (12 production plants by 2032) to produce circular polyester, and touts CO2e reductions up to 85%, aligning with an energy-intensive textile industry focus.

Blurb

Syre is a textile impact company that decarbonizes the industry via textile-to-textile recycling.

HQ Location

Stockholm (Sweden)

Founded

2023

Employees

11 - 50

Total funding raised

$100.00M

Funding Status

Series A, $100.00M, May 23, 2024

The textile industry today accounts for up to 10% of global CO2e emissions. Textile waste is a growing global challenge. In fact, less than 1 percent of the global textile fiber market comes from recycled textiles.



We envision a world where every textile fiber sees a new day. By implementing true textile-to-textile recycling at hyperscale, we are here to lead the green transition from a linear to a circular value chain by putting textile waste to use, over and over again. Starting with polyester, the world’s biggest fiber representing up to 40% of the textile industry’s total emissions.



The great textile shift starts now.