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November 11, 2025

H&M-backed Syre targets $700m raise after Nike deal

Syre will supply Nike with recycled polyester

Freya Pratty

1 min read

Swedish textile startup Syre plans to raise up to $700m to build its next factory, after signing a lucrative deal with Nike. 

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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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