# SRTX secures $25M investment from Investissement Québec

SRTX announced a $25 million USD investment from Investissement Québec as lead participant in its current fundraising round. The funding will support scaling manufacturing capacity and R&D at its 300,000-square-foot facility in Pointe Claire, Montreal, which produces UHMWPE-based textile products.

- Type: Investment
- Announced: 2024-12-03
- Where: Pointe Claire, Montreal, Quebec, Canada
- Value: $25.0M
- Status: announced
- Products: UHMWPE-based textile products, tights
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [SRTX](https://endata.com/companies/75398.md)
- [Investissement Québec](https://endata.com/companies/1515.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/srtx-secures-25m-usd-investment-from-investissement-quebec-to-support-growth-and-strengthen-local-manufacturing-302321008.html), 2024-12-03: "The investment from Investissement Québec represents a major milestone for SRTX."
- [bnnbloomberg.ca](https://www.bnnbloomberg.ca/investing/2024/12/03/investissement-quebec-invests-us25m-in-maker-of-sheertex-rip-resistant-tights/), 2024-12-03: "Investissement Québec is investing US$25 million in the company that makes Sheertex tights."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.