About SRTX
SRTX is a company based in Montreal (Canada) founded in 2017.. SRTX has raised $89.79 million across 5 funding rounds from investors including H&M Group, BDC and Export Development Canada. The company has 49 employees as of May 27, 2025. SRTX offers products and services including Sheertex, Cortex Software, and Watertex. SRTX operates in a competitive market with competitors including ALT TEX, GreenCore Composites, Kit and Ace, CRAiLAR Fiber Technologies International and Doriya, among others.
- Headquarter Montreal, Canada
- Employees 49 as on 27 May, 2025
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Sectors
RetailChemicals & Materials
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$89.79 M (USD)
in 5 rounds
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Latest Funding Round
$40 M (USD), Series D
May 13, 2025
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Investors
H&M Group
& 5 more
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Employee Count
49
as on May 27, 2025
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Products & Services of SRTX
SRTX offers a comprehensive portfolio of products and services, including Sheertex, Cortex Software, and Watertex. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides rip-resistant technology for durable tights and apparel.
Automates manufacturing operations for textiles factories.
Offers water-repellent textiles without toxic chemicals.
Funding Insights of SRTX
SRTX has successfully raised a total of $89.79M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $40 million completed in May 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $40.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Series D - SRTX | Valuation | BDC | |
| Dec, 2024 | Amount | Series D - SRTX | Valuation |
investors |
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| Nov, 2024 | Amount | Series D - SRTX | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SRTX
SRTX has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include H&M Group, BDC and Export Development Canada. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in tech startups
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Founded Year | Domain | Location | |
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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Business guidance for corporate companies and startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SRTX
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - SRTX
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Srtx Comparisons
Competitors of SRTX
SRTX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ALT TEX, GreenCore Composites, Kit and Ace, CRAiLAR Fiber Technologies International and Doriya, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food waste is converted into biodegradable textiles through innovative processing.
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| domain | founded_year | HQ Location |
Produces high-quality natural fiber reinforced thermoplastic materials.
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| domain | founded_year | HQ Location |
Sustainable fabrics are manufactured for casual men's and women's apparel.
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| domain | founded_year | HQ Location |
Developed technology to produce fiber from flax & industrial hemp
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| domain | founded_year | HQ Location |
Develops innovative fabrics from organic raw materials.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Srtx
Frequently Asked Questions about SRTX
When was SRTX founded?
SRTX was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is SRTX located?
SRTX is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Is SRTX a funded company?
SRTX is a funded company, having raised a total of $89.79M across 5 funding rounds to date. The company's 1st funding round was a Series D of $24.79M, raised on Apr 01, 2022.
How many employees does SRTX have?
As of May 27, 2025, the latest employee count at SRTX is 49.
What does SRTX do?
SRTX was founded in 2017 in Montreal, Canada, as a provider in the apparel sector. An internet-first brand platform is operated by the company, through which tights in various designs and colors are offered. Enhanced durability compared to standard tights is attributed to the products, allowing applications in high-performance areas such as bulletproof vests and climbing equipment. Operations focus on online distribution.
Who are the top competitors of SRTX?
SRTX's top competitors include ALT TEX, CRAiLAR Fiber Technologies International and Kit and Ace.
What products or services does SRTX offer?
SRTX offers Sheertex, Cortex Software, and Watertex.
Who are SRTX's investors?
SRTX has 6 investors. Key investors include H&M Group, BDC, Export Development Canada, Invest Quebec, and Pegasus Tech Ventures.