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.
$100M sweet spot round size
2023
$100M
from 2 investors over 1 rounds
Syre raised $100M on June 23, 2024
Investors: TPG Rise Climate Fund and + 4 Other investors