Recycled Cotton Company Recover Valued at $1 Billion In Goldman Sachs-Led Funding Round

Recover, the Valencia, Spain based producer of recycled cotton fibre and cotton fibre blends for many major fashion brands, has closed a $100 million minority equity investment led by Goldman Sachs Asset Management and existing investor STORY3 Capital Partners. The new funding values the company at $1.1 billion, according to sources close to the deal.

Recover has been supplying low-impact cotton to brands such as Revolve, Primark and