Rester Oy, a mechanical textile recycling company from Paimio, Finland, has successfully raised €4.9 million in its second funding round. The investment, from existing and new shareholders including Lindström Oy and Tesi, will expedite Rester's growth by enhancing its international reach and focusing on product development. CEO Joachim Colliander highlighted that this funding will help the company further its mission to efficiently recycle textiles into fibers, thereby reducing reliance on virgin materials and minimizing environmental impact.
The completion of our funding round marks a significant milestone in Rester's journey to drive and scale efficient usage of diverse recovered textile materials, by developing circular solutions for a wide range of applications.
By increasing the use of recyclable fibers in textile production, they can decrease the demand for virgin materials. This strategy conserves natural resources such as land and water for future needs, resulting in a lighter environmental footprint.
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