Syntetica raises $30M to scale nylon recycling solutions
Paris-based Syntetica SAS, a company developing advanced technology to recycle nylon fibers, often used in clothing, announced Thursday it raised $30 million in Series A investment to build its first commercial facility.
The Ecotechnologies 2 fund, managed on behalf of the French government by Bpifrance, led the round. Numerous heavyweight tech investors and retail brands also joined the round, including Lululemon, MAS Holdings and existing investor EQT Ventures. Public institutions participating in the round included Bpifrance itself, a French public investment bank, and the European Innovation Council.
“For decades, mixed nylon waste has been considered too complex and too expensive to recycle at scale,” said co-founder and Chief Executive Marco Bertone. “We have shown that it is possible to recover high-value materials from the waste streams the industry has historically written off.”
The company has developed a specialized solution for recycling both Nylon 6 and Nylon 6,6 from mixed fabrics and textiles using a single process. The separation of these two fiber types is one of the biggest challenges for recycling nylon at scale. Together, they are also the most commonly used in textile and plastic production and represent the vast majority of nylon used in consumer clothing and industrial textiles.
