ECONOMYNEXT – Syntetica, a French deeptech firm advancing know-how to recycle textile waste, has introduced a 30 million greenback Collection A funding spherical from heavyweight tech buyers and attire manufacturers together with Sri Lanka’s MAS Holdings.
The spherical was led by the Ecotechnologies 2 fund managed on behalf of the French authorities by Bpifrance, with participation from SWEN Capital Companions, lululemon, MAS Holdings, current investor EQT Ventures, and the household places of work of Peugeot, Etam and Indorama Enterprise’s largest shareholder.
The brand new spherical additionally contains help from public establishments together with French public funding financial institution Bpifrance and the European Innovation Council, the corporate mentioned.
Syntetica has developed a proprietary resolution able to recycling each Nylon 6 and Nylon 6,6 from blended textile waste in a single course of.
“For many years, blended nylon waste has been thought of too advanced and too costly to recycle at scale. We now have proven that it’s potential to recuperate high-value supplies from the waste streams the business has traditionally written off. This funding permits us to maneuver from breakthrough chemistry to industrial actuality and speed up the transition to extra round supplies,” Marco Bertone, co-founder and chief government officer of Syntetica, mentioned.
The necessity to establish and separate completely different nylon sorts has been one of many largest technical boundaries to recycling post-consumer nylon at scale.
Based on Textile Trade’s Supplies Market Report, world nylon manufacturing reached round 7 million tonnes in 2024.
Regardless of rising demand for round supplies, recycled nylon nonetheless accounts for under round 2% of the whole nylon market due to the technical challenges concerned in recycling post-consumer textiles.
Greater than 80% of textiles discarded by households are presently incinerated, landfilled or deserted within the setting, underlining the necessity for applied sciences that may improve the restoration of worthwhile supplies from advanced textile waste.
Syntetica’s know-how overcomes one of many important hurdles to elevated recycling, making it potential to course of extra of the nylon waste that arises from the attire business.
The corporate mentioned it’s already working with manufacturers together with Victoria’s Secret and Etam, alongside a rising variety of world attire firms, as demand for scalable round supplies continues to develop.
The funding will help the deliberate development of Syntetica’s first industrial demonstration facility in France, bringing the know-how from laboratory scale to industrial manufacturing, concentrating on the processing of lots of of tonnes of textile waste every year.
The demo plant shall be developed by means of the corporate’s partnership with Michelin’s Centre for Sustainable Supplies in Clermont-Ferrand.
The funding comes as manufacturers, producers and policymakers search new methods to scale back waste and strengthen materials provide chains.
Not like most recycling applied sciences, which deal with clear manufacturing waste, Syntetica’s course of is designed for post-consumer textiles, which account for round 80% of textile waste and signify one of many business’s largest untapped recycling alternatives.
For Syntetica, this creates a possibility to construct new industrial provide chains round supplies that exist already inside Europe, decreasing reliance on imported fossil-derived sources whereas supporting new manufacturing capability throughout the area.
Whereas nylon stays its preliminary focus, Syntetica plans to broaden its know-how platform into extra supplies and purposes over time, together with alternatives throughout textiles, automotive and speciality chemical compounds.
The corporate is backed by French and European public funds, together with Bpifrance and the European Innovation Council, as governments look to strengthen industrial capabilities round strategic supplies and waste processing.
“Syntetica has developed a differentiated know-how that addresses one of many textile business’s most advanced recycling challenges. We’re happy to help the corporate’s subsequent part of development because it scales its know-how and manufacturing capabilities in France, which is in step with our funding technique,” Alexandre Wagner, Funding Director, Bpifrance Inexperienced Enterprise, mentioned.
“Recycling know-how succeeds when model dedication, manufacturing partnership, and industrial scale-up experience all converge – and Syntetica is without doubt one of the few ventures on this area that has introduced all of those collectively. We’re excited to help Syntetica to scale their know-how by leveraging MAS’ attire manufacturing experience. We see this funding as a strategic transfer for the business as a complete,” Sid Amalean, Director, Group Innovation, MAS Holdings, mentioned. (Colombo/Aug5/2026)
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