Syre Impact AB (fka HMVX AB), the Sweden based textile recycling startup, that aims to support, the decarbonization and waste reduction efforts of the textile industry through textile-to-textile recycling, has raised USD 100m in a Series A funding round led by TPG Rise Climate, with participation from H&M AB, the Sweden based multinational clothing company, Giant Ventures Global LLP, the UK based multi-stage venture firm, Stichting IMAS Foundation, the Sweden based organization, that supports objectives for the good of the society through investment, Stockholmsnorrskenet Management AB (aka Norrsken VC), the Sweden based venture capital fund, and Volvo Car AB, the Sweden based multinational manufacturer of luxury vehicles.
- Target – Hmvx AB
- Buyer – Stockholmsnorrskenet Management AB
- Buyer – Tpg Europe, LLP
- Buyer – H & M Hennes & Mauritz AB
- Buyer – Giant Ventures Global LLP
- Buyer – Stichting Imas foundation
- Buyer – Volvo Car AB
- Seller – Shareholders
