Layoff
Feb 2025Temporarily laid off about 40% of workforce amid tariff risk and funding delays.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Jul 30, 2026
Overview
SRTX is a Montreal-based material science and technology company that builds new materials and software for textiles, best known for Sheertex rip-resistant hosiery made from high-strength polymers. It also offers Cortex software for textile manufacturing and Watertex hydrophobic textiles, and sells through DTC, wholesale, and white-label channels.
Primary product
Sheertex rip-resistant hosiery / tights
Founded
2017
Headquarters
Montreal, Quebec, Canada
Team size
51-200
Industry
Retail Apparel and Fashion
Sub-industry
Textile manufacturing / smart textiles
Offices
Montreal, Quebec, Canada
Pointe-Claire, Quebec, Canada
Business model
direct-to-consumer
wholesale
white-label
software/SaaS for textile manufacturing
vertical manufacturing
Funding
Stage
Series C
Total raised
$250M
Latest round
US$40M equity fundraising / growth equity · May 2025
Latest amount
$40M
Growth equity / equity fundraising
May 2025 · BDC Capital, Export Development Canada, H&M Group, Investissement Québec
Dec 2024 · Investissement Québec
Sep 2022 · Pegasus Tech Ventures
Apr 2022 · H&M Group
Oct 2020
Sep 2019
Jun 2018
People & investors
Leadership
Founder / former CEO
Chief Executive Officer
Timothy Leyne
Chief Financial Officer; former interim CEO
Michael Woodworth
Executive VP, Technology
Sam Colby
Executive Vice President & Chief of Staff
Alexandra Franco
Vice President, Product
Elisabeth Couture-Doherty
Brand Vice President, Creative
David Rowicz
Vice President, eCommerce & Customer Experience
Founder, Alpha Skills (listed on LinkedIn company page)
Founding team #1, YC W18 (listed on LinkedIn company page)
Work & culture
Public materials describe a mission-driven, sustainability-focused workplace that emphasizes collaboration, innovation, autonomy, and impact on the textile industry.
Compensation
Public evidence suggests SRTX emphasizes equitable wages, but no detailed compensation bands were found.
Benefits
equitable wage
environment that promotes creativity and growth
factory and office share headquarters for collaboration
Product & market
Pricing
Not publicly specified; appears to sell products direct, wholesale, and white-label, with software/licensing elements for textile manufacturing.
Differentiators
- —rip-resistant Sheertex knit made from one of the world's strongest polymers
- —vertical manufacturing under one roof
- —software for smart textile factories (Cortex)
- —hydrophobic textile product (Watertex)
- —focus on sustainability and longer product lifespan
Technology
UHMWPE (ultra-high molecular weight polyethylene)
SaaS / factory operating system
automated manufacturing
knitting technology
Adobe Analytics
AdRoll
Rakuten
RevLifter
Customers
direct-to-consumer shoppers
wholesale retail partners
white-label customers
textile manufacturers
brands using Sheertex/Cortex/Watertex
Competitors
ALT TEX
IFTNA
CRAiLAR Fiber Technologies International
other hosiery and textile manufacturers
smart textile startups
Scale & contact
Estimated revenue
$10M-$25M
Signals & risks
Layoff
Oct 2025Launched a strategic review that could lead to a sale and laid off close to 100 employees; company said it hoped to recall them after the review.
SourceAcquisition
Feb 2026Entered insolvency proceedings and received court approval to sell some assets to AYK International.
SourceOther
Mar 2025Founder and CEO Katherine Homuth announced she would step down as part of a funding deal; Timothy Leyne served as interim CEO before Sophie Boulanger was appointed.
SourceOther
Dec 2024Investissement Québec funding came alongside company disclosure that it was seeking a larger convertible-note round and expanding manufacturing operations in Québec.
SourceLatest news
BNN Bloomberg · Oct 2025
SRTX said it was launching a strategic review that could include a sale and laid off close to 100 employees.
SRTX Inc. / CNW · Sep 2025
SRTX announced Sophie Boulanger as CEO, succeeding Katherine Homuth.
SRTX Inc. / CNW · May 2025
Company announced first close of a US$40 million fundraising round to scale Montreal manufacturing and double production capacity in 2025.
BetaKit · Mar 2025
Report that Homuth would step down as part of a financing deal, with interim leadership changes underway.
BetaKit · Feb 2025
SRTX temporarily laid off roughly 40% of its 350 employees and contractors due to tariff risk and funding delays.
Jobs and careers at SRTX
0 jobs at SRTX
No open positions
Check back later for new openings