Rester raises EUR 6 million in funding | YnFx
Summary
Rester, Finnish global forerunner in building textile recovery value chains, has raised EUR 6 million in expansion capital. Resters recycled fiber can be used in the textile sector to make fabrics or technical textiles, as well as in the building industry to make insulation, composite materials, and acoustic panels.Lindstr\xf6m Group led the round, becoming a significant minority owner. As the firm builds up and expands abroad, its investment in Rester has a tangible influence and encourages a sustainable business.Tesi funded Rester through its circular economy initiative, which emphasizes material efficiency and carbon neutrality. The program, worth EUR 75 million, began in 2018.Outi Luukko, CEO of Rester, said that theyre putting a major emphasis on expansion and internationalization while also working on green transition in the textile business. Tesi is an essential partner in their growth path, where value chains are progressively being established around global industry leaders.