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Founded Year

1947

Stage

Private Equity - II | Alive

Total Raised

$100M

Valuation

$0000 

Last Raised

$100M | 2 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-43 points in the past 30 days

About Recover

Recover is a materials science company that operates in the textile industry. The company's main service is transforming textile waste into sustainable recycled cotton fibers and blends, offering a sustainable solution to close the loop on fashion. Recover primarily sells to global retailers and brands, providing environmentally friendly, cost-competitive products. It was founded in 1947 and is based in Banyeres de Mariola, Spain.

Headquarters Location

Avda. Les Molines 2-4

Banyeres de Mariola, 03450,

Spain

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ESPs containing Recover

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / Fashion Tech

The textile sorting & recycling tech market offers solutions for addressing textile waste. These solutions use advanced technologies and automation to efficiently sort and process different types of textiles based on their material composition, color, quality, and condition for recycling purposes. This helps players in the textile industry reduce their reliance on raw materials, minimize waste gen…

Recover named as Leader among 11 other companies, including SUEZ - Recycling and Recovery U.K., Circ, and Far Eastern New Century Corporation.

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Research containing Recover

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Recover in 2 CB Insights research briefs, most recently on Sep 14, 2023.

Expert Collections containing Recover

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Recover is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,249 items

Latest Recover News

How Quality and Scalability Drive Recover’s Developments

Oct 7, 2024

How Quality and Scalability Drive Recover’s Developments Kate Jones for Sourcing Journal x Rivet Closing the loop is quickly becoming a mandate for the fashion industry as legislation rolls out across the globe. “Regulation is coming,” Boris Mercier, senior vice president, marketing at Recover , told SJ Studios director Lauren Parker during a one-on-one chat at Sourcing Journal x Rivet Sustainability LA. “You have to find different sustainable ways and materials.” Recover is ready and primed to deliver on this need with commercial-level circular material production that also meets the industry’s desire for natural fibers. Although Recover the company was officially founded in December 2020 when it was spun off from Ferre Yarns, its experience in mechanically recycling cotton goes back more than seven decades. From its start, Recover’s innovation focus has been on addressing two challenges of mechanical recycling: quality and scalability—both of which it has overcome, said Mercier. Supporting the scaling front, Recover’s staff has grown from 10 to about 350 employees, including a team dedicated to ensuring that feedstock is consistent and up to standards. Recover’s original factory is in Spain, and the company expanded its operations with a facility in Bangladesh for proximity to garment production waste streams, reducing the costs and footprint tied to shipping. The “state of the art” Bangladesh facility has 10 recycling lines, helping to serve brands that require large volumes. Hinting at what is next, Mercier said Recover will be expanding its capacities in “different markets.” Providing advice to companies that are considering recycled inputs for the first time, Mercier noted denim is a good entry point. “I would start with denim, because denim is exciting. It’s exciting to tell a story about it,” said Mercier. “Honestly, it’s important to do it, but it’s also important to have everybody engaged within the company as [well as] your customers.” Related Stories Recover also got its start in denim with a post-consumer waste program alongside G-Star back in 2013. Today, the company has two post-industrial and post-consumer products that are used in the denim industry: RCotton and RDenim, which respectively use cotton textile waste and denim textile waste as inputs. In addition to telling a denim-to-denim story, RDenim offers a slightly lower cost than RCotton. “That’s always a cost to innovation and to new ways,” said Mercier. “But the reality is that Recover recycled cotton fiber is quite good and cost competitive to implement.” He added that studies show consumers are willing to pay a bit more for sustainability, covering the slight price increase. Although mechanical recycling might not be as “exciting” as chemical recycling since it has been around longer, it has benefits including energy efficient, almost water-free processes. Mercier noted these two methods can coexist and be combined in a single product by blending mechanically recycled and chemically recycled fibers together. For instance, RDenim was recently on the global stage in the Reet Aus-designed outfits made for Estonia’s Olympic and Paralympic teams. Made from 50 percent Recover cotton and 50 percent Tencel Lyocell with Refibra technology, the collection included denim shorts, skirts, jeans, jackets and tote bags as well as T-shirts. There is still the need to change consumer perception around recycled materials, which can carry associations with waste. Recover’s brand image has opted for a more “modern vision” of recycling. “For many people, recycling is the typical cardboard recycled paper that you see, because we’ve grown with that and we’ve seen that,” said Mercier. “So you have this perception in people that it’s the same for the rest, for textile, which is not true at all.” Read More About

Recover Frequently Asked Questions (FAQ)

  • When was Recover founded?

    Recover was founded in 1947.

  • Where is Recover's headquarters?

    Recover's headquarters is located at Avda. Les Molines 2-4, Banyeres de Mariola.

  • What is Recover's latest funding round?

    Recover's latest funding round is Private Equity - II.

  • How much did Recover raise?

    Recover raised a total of $100M.

  • Who are the investors of Recover?

    Investors of Recover include STORY3 Capital Partners and Goldman Sachs Asset Management.

  • Who are Recover's competitors?

    Competitors of Recover include Sortile and 4 more.

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Compare Recover to Competitors

P
Phoenxt

Phoenxt is a company focused on textile recycling, operating within the waste management and fashion industries. The company's main service involves the use of innovative technology to recycle textile waste into new, usable fabrics. This service primarily caters to the fashion industry, textile manufacturers, and textile recyclers. It was founded in 2018 and is based in Berlin, Germany.

Z
Zori Tex

Zori Tex eliminates textile waste from landfills and incineration through technological innovation. Its solution unlocks the value of circular textiles, enabling the new textile-to-textile recycling market to rapidly scale. Its solution uses AI-driven vision to optimize sorting textile waste by fiber type, integrated with a traceability platform, trading, and data analytics. It was founded in 2022 and is based in London, United Kingdom.

K
Kleiderly

Kleiderly is a company focused on reducing the fashion industry's carbon footprint by offering sustainable plastic alternatives made from recycled textile waste. Their main service involves a patent-pending process that transforms unwanted textiles into new materials, which can be used to manufacture products such as eyewear and clothing hangers. This innovative approach not only diverts textiles from landfills but also reduces the reliance on oil-based plastics. It was founded in 2019 and is based in Berlin, Germany.

Sortile Logo
Sortile

Sortile focuses on advancing the fashion industry by providing technology for textile recycling within the circular economy domain. The company offers solutions for the identification, sorting, and traceability of textiles, aiming to maximize the recovery of valuable materials and enhance the connectivity of the value chain. It primarily serves sectors involved in textile waste management and recycling. The company was founded in 2021 and is based in Scarsdale, New York.

E
EON.ID

EON-ID develops a global system for textile recycling. It is powered by the internet of things, advancing the circular economy for the entire fashion industry. It is a system for transforming old clothes into new garments. It was founded in 1989 and is based in London, United Kingdom.

Rester Logo
Rester

Rester is a Finnish company that focuses on the recycling and recovery of business textiles, operating within the waste management and recycling industry. The company's main service involves transforming textile waste, such as end-of-life garments, uniforms, and linens, into new fiber and high-quality raw material. This recycled material can then be used in the production of various products, including yarn, fabric, insulation, and acoustic panels. Rester primarily serves businesses that produce textile waste or can utilize recycled fiber in their production processes. It was founded in 2019 and is based in Helsinki, Finland.

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