Recover™ Accelerates Growth With $100 Million Minority Equity Investment Led By Goldman Sachs Asset Management, Partnering With Existing Investor Story3 Capital Partners
Recover™ Accelerates Growth With $100 Million Minority Equity Investment Led By Goldman Sachs Asset Management, Partnering With Existing Investor Story3 Capital Partners
06/09/22, 10:00 AM
Location
madridMoney raised
$100 million
Industry
manufacturing
e commerce
textiles
fashion
RecoverTM, a leading materials science company and producer of sustainable, premium recycled cotton fiber and cotton fiber blends, announced today that it has closed a new $100 million minority equity capital investment led by the Sustainable Investing business within Goldman Sachs Asset Management (Goldman Sachs). Goldman Sachs is investing alongside majority shareholder STORY3 Capital Partners.
Company Info
Location
madrid, community of madrid, spain
Additional Info
As experts in sustainability, we are the preferred partner to educate about circular fashion, as demonstrated by our brand collaborations with leaders in the fashion industry. Textile waste is our raw material, and we use it to create high quality recycled cotton fiber. Innovative technologies like Recover™ have the capability to turn textile waste (industrial waste and used garments) into high-quality recycled fibers that can be used again to create new garments, closing the loop on fashion.