Rester, a provider of textile recycling solutions, has secured EUR 4.9 million in growth funding
Rester has secured EUR 4.9 million in growth funding to further scale up and internationalise. Existing investors, such as Lindström and Tesi, participated, followed by some new ones.
“There is significant market potential in industrial-scale textile recycling, along with opportunities to promote more sustainable consumption. Rester is well-positioned to seize these opportunities, especially in light of upcoming regulations. At Tesi, we are happy to support Rester’s next growth leap alongside other investors,” explains Investment Director Mikael Niemi regarding Tesi’s investment.
Rester was founded in 2019 and has since become a global forerunner in building textile recovery value chains. The recycled fiber processed by Rester can be used, for example, in the textile industry to produce fabrics or technical textiles, and in the construction industry to produce insulation and composite materials as well as acoustic panels.
Tesi made its first investment in Rester in 2022.
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Additional information:
Mikael Niemi, Investment Director, Industrial Investments
mikael.niemi@tesi.fi
+358 50 597 7303
Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies. tesi.fi | X (Twitter) | LinkedIn | Instagram | Bluesky | Threads | Newsletter