- Companies
- Recover
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2022 | Undisclosed stage | $1.1B |
Recover Funding History
Recover has raised a total of $100M across 1 funding round.
Recover funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Undisclosed stage | Goldman Sachs Asset Management (lead); STORY3 Capital Partners (lead) | $100M | $1.1B | Recover 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Recover investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialRecover Competitors
Recover competitors include listed companies like HS Hyosung Advanced, Victrex and Mersen, and private ones like Bluepha, Bolt and Substrate.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.4B | $271M | $548M | 1.0x | ||
| Publicly listed | $398M | $82M | $1.1B | 2.8x | ||
| Publicly listed | $1.4B | $154M | $1B | 1.1x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $398M | $82M | 2.9x | 2.8x | 14.1x | 12.0x | |||
| $1.4B | $154M | 1.1x | 1.1x | 9.9x | 6.7x | |||
| $479M | $22M | 2.2x | 1.7x | 48.7x | 7.8x | |||
| $2.4B | $256M | 0.8x | 0.8x | 7.6x | 6.7x | |||
| $185M | $34M | 6.3x | 4.6x | 34.0x | 34.2x | |||
| $657M | $93M | 2.1x | 1.9x | 14.6x | 14.0x | |||
| $332M | $14M | 3.1x | 3.4x | 75.6x | 90.8x | |||
| $191M | ($116M) | 10.5x | 14.2x | (17.3x) | (31.0x) | |||
This data is available for Pro users. Sign up to see all Recover competitors and their valuation data. Start Free Trial | ||||||||
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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