Syre logo — A textile impact company, decarbonizing and dewasting the in...

Syre

A textile impact company, decarbonizing and dewasting the industry through textile-to-textile recycling at hyperscale

Founded 2023 Sweden Sweden 66 employees Series A Total: $100.00M

General Information

Company Name Syre
Founded Year 2023
Location Sweden Sweden +1
Employees 66
Funding Stage Series A
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About Syre

Syre, founded in 2023, is at the forefront of the textile industry's green revolution, aiming to significantly reduce its carbon footprint. As a pioneer in textile impact, Syre is dedicated to addressing the industry's contribution to global carbon emissions—currently accounting for up to 10% of emissions worldwide.

The company's innovative approach focuses on textile-to-textile recycling at a hyperscale level and is strategically headquartered in Sweden. With an emphasis on polyester, which represents a substantial portion of the industry's emissions, Syre endeavors to convert textile waste into reusable fibers, promoting a circular value chain.

Despite its nascent stages, the company's vision is clear: to lead the transition from a linear model to a sustainable, circular ecosystem, thus tackling the pressing issue of textile waste, which currently sees a mere 1% of materials recycled into new fibers. This bold mission underscores their slogan: "Decarbonizing and dewasting the industry through textile-to-textile recycling at hyperscale."

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 2
Investor
•••• ••••
01 May 2024
Early VC •••••• 3 •••• •••• 01 Feb 2024

Syre Alternatives & Competitors

Syre vs

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Syre vs
BioFashionTech
BioFashionTech The Netherlands

Pioneers in recycling of mix natural and synthetic fibres 🌿

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Syre vs
Ioncell Oy
Ioncell Oy Finland

We are on a bold mission to transform the clothing and textile industry into circular economy!

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Also compare with: Syre vs Eslando Eslando

FAQ About Syre

A textile impact company, decarbonizing and dewasting the industry through textile-to-textile recycling at hyperscale
Syre was founded in 2023.
Syre is headquartered in Sweden.
Syre has approximately 66 employees.
Syre has completed 2 funding rounds, raising a total of $100.00M. The latest funding stage is Series A.
Top alternatives and competitors to Syre include Hybridworks, BioFashionTech, Ioncell Oy, Eslando, FibreLab. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Syre and Hybridworks are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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