Rester secures 4,9 M Eur in second funding round to drive international growth and innovation

Rester Oy – a mechanical textile recycling company – is excited to announce that it has successfully raised 4,9 M Eur in its second funding round.

The new funding will enable the company to accelerate growth through expansion of its international customer base, while focusing on promising product development initiatives. In addition, Rester will continue building its core team, while assessing alternatives to invest in automation.

“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”, said Joachim Colliander, CEO of Rester.

“We are thrilled to have gained the support of major existing shareholders including Lindström Oy and Tesi (Finnish Industry Investment Ltd) as well as new investors who share our vision. The successful closing of the funding round highlights the attractiveness of Rester’s business and prospects,” Joachim continues.

Since its founding in 2019, Rester has successfully established itself as a leading player in the field, operating the largest mechanical recycling facility in Northern Europe. The company relies on modern, and scalable technology, while controlling a portfolio of expandable raw material supply agreements. With the new funding, the company is poised to take further steps in elevating its position as an industry forerunner by entering new product segments, while extending geographical presence

Alteris Asset Management Oy acted as Rester’s financial advisor in the funding round.

For more information, visit https://rester.fi/en/ or contact Joachim Colliander.

About Rester Oy
Rester is a leading global forerunner in building textile recovery value chains. Located in Southwest Finland, the company offers textile recycling solutions which can be used to process end-of-life textiles and by-products of manufacturing into recycled fibers and high quality raw materials. During the process, the textiles are opened mechanically back into fibers. Rester recovered fiber can be used by a great diversity of sectors to replace virgin raw material. Founded in 2019, the company began its fiber opening operations in November 2021.

Media Contact:
Joachim Colliander
CEO
joachim@rester.fi
[050 525 4065]