Rester Oy funding news – Finland-based Rester Oy Raises €4.9Million 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.

Joachim Colliander, CEO of Rester said, “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, 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,”.

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.

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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.

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.