Investissement Quebec
Assembly Line
SRTX secures US$25M funding from Investissement Québec
SRTX has announced a $25 million USD investment from Investissement Québec as a lead participant in its current fundraising round. This funding will support the company’s efforts to expand and solidify its position as a leader in the textile sector, while continuing to grow its vertical manufacturing operations in Quebec.
This latest round of fundraising is supporting SRTX’ drive to scale its manufacturing capacity and strengthen its research and development capabilities as it grows across all its distribution channels and innovates new materials. In 2023, the company expanded its operations into a new 300,000-square-foot, state-of-the-art facility in Pointe Claire (Montreal) where it has established a highly automated, vertically integrated manufacturing plant within a building that has room to expand to meet its growth. This new facility is unique, converting UHMWPE powder into finished products, and will enable SRTX to continue to drive its costs down as it expands the market leading position of its tights product, Sheertex.