Recover Valuation, Funding & Investors

Recover is valued at $1.1B as of June 2022.

Last Recover valuation

$1.1B

Undisclosed stage · Jun 2022

Last Recover funding round

$100M

Undisclosed stage · Jun 2022

Cumulative funding Recover raised

$100M

across 1 funding round

Key investors in Recover

  • Goldman Sachs Asset Management
  • STORY3 Capital Partners

Recover Overview

About Recover

Recover™ is a leading materials science company that transforms pre- and post-consumer textile waste into high-quality, mechanically recycled cotton fibers and blends. Their process promotes a circular economy in the fashion industry by significantly reducing water, chemical, and carbon footprints.


Founded

1947

HQ

SpainSpain

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.1B (Jun 2022)

Recover Valuation

Recover is currently valued at $1.1B, based on its undisclosed-stage round in June 2022.

The $100M round was led by Goldman Sachs Asset Management and STORY3 Capital Partners.

Recover valuation by funding round

Recover valuation by funding round
DateStageValuation
Jun 2022Undisclosed stage$1.1B

Recover Funding History

Recover has raised a total of $100M across 1 funding round.

Recover funding rounds

Recover funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2022Undisclosed stageGoldman Sachs Asset Management (lead); STORY3 Capital Partners (lead)$100M$1.1BRecover is a Valencia, Spain-based materials science company specializing in the production of sustainable, premium recycled cotton fiber and cotton fiber blends for major fashion brands. The company creates these recycled fibers from textile waste, enabling a more circular system for the apparel and textiles industry. Founded over 75 years ago, Recover has more recently gained prominence as demand for sustainable materials has grown among fashion retailers and brands. The company serves major clients including Inditex (Zara's parent), Revolve, Primark, C&A, and Lands' End. In 2022, Recover closed a $100 million minority equity investment led by Goldman Sachs Asset Management, with existing investor STORY3 Capital Partners participating as a majority shareholder. The funding valued the company at $1.1 billion post-money. STORY3 Capital Partners, whose managing partner Peter Comisar is a former Goldman Sachs partner, had acquired Recover in 2020 and oversaw significant scaling of the business prior to this growth investment. The company intended to use the new capital to accelerate global expansion and increase production capacity, with targets to produce 350,000 metric tons of recycled cotton fiber annually by 2026. The funding reflects investor confidence in Recover's position as a sustainable solutions provider addressing the large addressable market for circular cotton production in the global apparel industry.

Who has invested in Recover?

2 investors have backed Recover across its funding rounds, including Goldman Sachs Asset Management and STORY3 Capital Partners.

Lead investors include Goldman Sachs Asset Management and STORY3 Capital Partners.


Recover Investors

Investors in Recover by funding rounds participated
InvestorHQRoundsRoleFirst check

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Recover Competitors

Recover competitors include listed companies like HS Hyosung Advanced, Victrex and Mersen, and private ones like Bluepha, Bolt and Substrate.

Public and private companies comparable to Recover
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
HS Hyosung AdvancedSouth KoreaSouth KoreaPublicly listed$2.4B$271M$548M1.0x
VictrexUnited KingdomUnited KingdomPublicly listed$398M$82M$1.1B2.8x
MersenFranceFrancePublicly listed$1.4B$154M$1B1.1x
BluephaChinaBeijingPrivate--$1B-
BoltUnited StatesSan Francisco, CAPrivate--$1B-
SubstrateUnited StatesSan Francisco, CAPrivate--$1B-

Recover Public Comps

Recover is still privately-owned, but its public comps include Victrex, Mersen, Neo Performance Materials, Vesuvius, Daejoo Electronic, Trident, Cosmo Advanced Materials, SK Ie Technology, Swan Corp and Lenzing.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Victrex$398M$82M2.9x2.8x14.1x12.0x
Mersen$1.4B$154M1.1x1.1x9.9x6.7x
Neo Performance Materials$479M$22M2.2x1.7x48.7x7.8x
Vesuvius$2.4B$256M0.8x0.8x7.6x6.7x
Daejoo Electronic$185M$34M6.3x4.6x34.0x34.2x
Trident$657M$93M2.1x1.9x14.6x14.0x
Cosmo Advanced Materials$332M$14M3.1x3.4x75.6x90.8x
SK Ie Technology$191M($116M)10.5x14.2x(17.3x)(31.0x)

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Common questions about Recover

When was Recover founded?Recover was founded in 1947.
Where is Recover headquartered?Recover is headquartered in Spain.
Is Recover publicly listed?No, Recover is a private, VC-backed company.
What is Recover's valuation?Recover was last valued at $1.1B in its undisclosed-stage round in June 2022.
How much funding has Recover raised?Recover has raised $100M across 1 funding round.
What was Recover's last funding round?Recover's last funding round was a $100M undisclosed-stage round in June 2022, led by Goldman Sachs Asset Management and STORY3 Capital Partners.
Who are Recover's investors?Recover's investors include Goldman Sachs Asset Management and STORY3 Capital Partners.
Which companies are comparable to Recover?Companies comparable to Recover include HS Hyosung Advanced, Victrex, Mersen, Bluepha, Bolt and Substrate.

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