23/5/2024
Syre raises $100 million Series A – shortlists Vietnam and Iberia for first gigascale plants
STOCKHOLM, May 23, 2024. Syre, the textile impact company initiated by Vargas and H&M Group which launched in March this year, today announces the signing of a $100 million Series A. The funding round was led by founding investor TPG Rise Climate who was joined by an additional investment from founder H&M Group as well as the following strategic partners:
· Giant Ventures Giant backs purpose-driven founders solving the world’s biggest challenges, from climate and health to inclusive capitalism.
· IMAS Foundation A purpose driven sister foundation to INGKA Foundation - the owner of Ingka
