Venture Map · Round
Recover — Other · $100M
Announced 2022-06-09 · Banyeres de Mariola · Sustainable materials / textile recycling
Recover (Recover Textile Systems), the Alicante-based producer of recycled cotton fibre, announced a $100M minority equity investment led by the Sustainable Investing business of Goldman Sachs Asset Management, alongside existing majority shareholder STORY3 Capital Partners. Reports put the implied valuation above $1B; the capital funds global expansion to over 350,000 tonnes of recycled fibre a year by 2026.
RoundOther
Amount$100M
LeadGoldman Sachs Asset Management
Date2022-06-09
CityBanyeres de Mariola
SectorSustainable materials / textile recycling
The company
Investors 2
GGoldman Sachs Asset Management
SSTORY3 Capital Partners