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
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- 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
Employee Count
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. 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.
Produces polyester from recycled textiles to reduce emissions and waste.
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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $100.0M
-
First Round
First Round
(28 Mar 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Syre | Valuation | The Rise Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
|---|---|---|---|---|
|
Giant Ventures is engaged in venture capital investments for technology startups.
|
Founded Year | Domain | Location | |
|
Impact investments are made in startups addressing global challenges.
|
Founded Year | Domain | Location | |
|
Sector-agnostic VC investment company investing globally
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Syre
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Syre
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Syre Comparisons
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. 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 |
Online platform offering second-hand apparel
|
|
| domain | founded_year | HQ Location |
Textiles are manufactured from recyclable source materials.
|
|
| domain | founded_year | HQ Location |
Marketplace connecting textile waste buyers and sellers
|
|
| domain | founded_year | HQ Location |
Converts textile waste into secondary raw materials via patented CleanTech processes in fashion industry.
|
|
| domain | founded_year | HQ Location |
Recycled streetwear for women is sold online by CDC Studio.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Syre
Frequently Asked Questions about Syre
When was Syre founded?
Syre was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Syre located?
Syre is headquartered in Stockholm, Sweden.
Who is the current CEO of Syre?
Dennis Nobelius is the current CEO of Syre.
Is Syre a funded company?
Syre is a funded company, having raised a total of $100M across 1 funding round to date. The company's 1st funding round was a Series A of $100M, raised on Mar 28, 2024.
What is the annual revenue of Syre?
Annual revenue of Syre is $209.96K as on Dec 31, 2023.
What does Syre do?
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.
What products or services does Syre offer?
Syre offers Circular Polyester.
Who are Syre's investors?
Syre has 5 investors. Key investors include Volvo Cars, Giant Ventures, IMAS Foundation, Norrsken VC, and The Rise Fund.