Syntetica
French textile recycling company Syntetica has raised $30 million in a Series A funding round to expand its technology for recycling complex textile waste and support the transition to a more circular textile industry.
Syntetica has developed a proprietary recycling technology that can process both nylon 6 and nylon 6.6 from mixed textile waste in a single process. Traditionally, separating these two types of nylon has been one of the biggest technical challenges in recycling post-consumer textile waste.
The funding round was led by the Ecotechnologies 2 fund, managed by Bpifrance on behalf of the French government. Other investors include SWEN Capital Partners, lululemon, MAS Holdings, existing investor EQT Ventures, and the family offices of Peugeot, Etam, and Indorama Ventures’ largest shareholder.
The company said its technology removes one of the key barriers to large-scale nylon recycling by enabling more apparel waste to be converted into valuable recycled materials. Syntetica is already working with brands such as Victoria’s Secret and Etam, along with several other global apparel companies, as demand for circular textile solutions continues to increase.
Demeter Bio has won the environment category of the Royal Society of Chemistry’s Emerging Technology competition for its development of…
Nanollose is planning to build and operate a pilot-scale microbial cellulose pulp facility as it works to accelerate its Nullarbor…
H&M has announced a new designer collaboration with haute couture designer Elie Saab. The collaborative capsule collection will launch on…
The 66th edition of Filo is showcasing its “Made in Filo” collection, an initiative that transforms materials supplied by exhibitors…
Circ has partnered with Shenghong Chemical Fiber New Material to expand the commercial production of polyester filament yarn made from…
Algae Scope is developing a patented seaweed-derived functional powder that could provide a bio-based route to coatings for protective and…