Recover™ Secures $100M Funding to Revolutionize Sustainable Fashion Through Innovative Textile Recycling

Recover™ is thrilled to announce a groundbreaking funding milestone, having successfully raised $100,000,000 to bolster our mission of revolutionizing the textile industry. As a leading materials science company and global producer of high-quality recycled cotton fiber, Recover™ transforms textile waste into low-impact cotton fiber and blends that empower the fashion industry to embrace sustainable practices without compromising quality or style. With over 75 years of experience in the textile arena and the strong backing of STORY3 Capital and Goldman Sachs Asset Management, this significant financial injection will drive further innovation and sustainable transformation across our global operations. The funds will be strategically allocated to expanding our state-of-the-art manufacturing capabilities in Spain and Bangladesh, enhancing research and development initiatives, and driving forward initiatives that minimize environmental impact while maximizing production efficiency. At the heart of Recover™ lies an unwavering commitment to quality, sustainability, and innovation. Our values, which emphasize respect for our planet, our diverse workforce, and a culture of creativity and accountability, form the cornerstone of everything we do. The generous investment not only underscores the confidence that leading financial institutions have in our vision but also represents a pivotal step towards catalyzing large-scale sustainable change in the fashion industry. As we set new benchmarks in recycled materials and circular economy practices, we invite all stakeholders—partners, customers, and industry innovators—to join us on this exciting journey towards a greener, more responsible future in fashion.