About Syre
Syre is a company based in Stockholm (Sweden) founded in 2023 by Susanna Campbell. Syre has raised $100 million across 1 funding round from investors including Volvo Cars, Giant Ventures and IMAS Foundation. Syre offers products and services including Circular Polyester. Syre operates in a competitive market with competitors including Losanje, Amphico, Eslando, Regenstech and CDC Studio, among others.
- Headquarter Stockholm, Sweden
- Founders Susanna Campbell
-
Sectors
Environment
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Syre Ab
-
Annual Revenue
$209.96 K (USD)-9as on Dec 31, 2023
-
Net Profit
$2.92 K (USD)187as on Dec 31, 2023
-
EBITDA
$3.9 K (USD)167as on Dec 31, 2023
-
Total Equity Funding
$100 M (USD)
in 1 rounds
-
Latest Funding Round
$100 M (USD), Series A
Mar 28, 2024
-
Investors
Volvo Cars
& 4 more
-
Employee Count
Not available
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Syre
Syre offers a comprehensive portfolio of products and services, including Circular Polyester.
Produces polyester from recycled textiles to reduce emissions and waste.
People of Syre
Unlock access to complete
Finance and Accounting
4 people
Human Resources and Administration
2 people
Chairman Team
1 people
Unlock access to complete
Funding Insights of Syre
Syre has successfully raised a total of $100M through 1 strategic funding round. The most recent funding activity was a Series A round of $100 million completed in March 2024. 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.
Investors in Syre
Syre has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Volvo Cars, Giant Ventures and IMAS Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Giant Ventures is engaged in venture capital investments for technology startups.
|
Locked | Locked | Locked | |
|
Impact investments are made in startups addressing global challenges.
|
Locked | Locked | Locked | |
|
Sector-agnostic VC investment company investing globally
|
Locked | Locked | Locked |
Investor details for Syre
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Syre
Investment portfolio details for Syre
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Syre
Detailed financials for Syre
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Syre Comparisons
Peer comparison for Syre
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Syre
Syre 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 Losanje, Amphico, Eslando, Regenstech and CDC Studio, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Online platform offering second-hand apparel
|
|
| Locked | Locked | Locked |
Textiles are manufactured from recyclable source materials.
|
|
| Locked | Locked | Locked |
Marketplace connecting textile waste buyers and sellers
|
|
| Locked | Locked | Locked |
Converts textile waste into secondary raw materials via patented CleanTech processes in fashion industry.
|
|
| Locked | Locked | Locked |
Recycled streetwear for women is sold online by CDC Studio.
|
Detailed competitors of Syre
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Syre
Complete news archive for Syre
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Syre
Syre was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Syre is headquartered in Stockholm, Sweden.
Dennis Nobelius is the current CEO of Syre.
Syre is a funded company, having raised a total of $100M across 1 funding round to date.
Annual revenue of Syre is $209.96K as on Dec 31, 2023.
The company was established in 2023 in Stockholm, Sweden, as a provider of textile-to-textile recycling solutions. Focus is placed on reducing carbon emissions and waste within the textile sector through innovative recycling processes. Operations center on sustainable material recovery and circular economy principles. Key personnel include Co-Founder Susanna Campbell, Chief Strategy Officer Mia Hemmingson, and CEO Dennis Nobelius. Services target decarbonization efforts across the industry.
Syre offers Circular Polyester.
Syre has 5 investors. Key investors include Volvo Cars, Giant Ventures, IMAS Foundation, Norrsken VC, and The Rise Fund.