French deeptech company Syntetica, which is pioneering solutions to recycle complex textile waste, has raised $30 million in Series A funding with backing from global apparel brands including lululemon and MAS Holdings.
The round was led by the Ecotechnologies 2 fund, managed on behalf of the French government by Bpifrance, with participation from SWEN Capital Partners, EQT Ventures, family offices of Peugeot and Etam, and Indorama Venture’s largest shareholder. Public institutions including Bpifrance and the European Innovation Council also supported the investment.
Syntetica has developed a proprietary process capable of recycling both Nylon 6 and Nylon 6,6 in a single stream, overcoming one of the biggest technical barriers to recycling post‑consumer nylon at scale.
According to Textile Exchange’s Materials Market Report, global nylon production reached around 7 million tonnes in 2024, yet recycled nylon accounts for only about 2% of the market due to technical challenges. More than 80% of textiles discarded by households are currently incinerated, landfilled, or abandoned, underscoring the need for scalable recycling technologies.
The funding will support construction of Syntetica’s first commercial demonstration facility in France, developed in partnership with Michelin’s Centre for Sustainable Materials in Clermont‑Ferrand. The plant will process hundreds of tonnes of textile waste annually, moving the company’s breakthrough chemistry from laboratory scale to industrial reality.
Syntetica is already working with brands including Victoria’s Secret and Etam, alongside a growing number of global apparel companies seeking circular material solutions. The company’s technology focuses on post‑consumer textiles, which account for the majority of textile waste and represent one of the industry’s largest untapped recycling opportunities.
By scaling its recycling technology, Syntetica aims to build new industrial supply chains within Europe, reducing reliance on imported fossil‑derived resources and supporting regional manufacturing capacity. While nylon remains the initial focus, the company plans to expand into other materials and applications, including textiles, automotive, and specialty chemicals.
Co‑founder and CEO Marco Bertone said: “For decades, mixed nylon waste has been considered too complex and too expensive to recycle at scale. We have shown that it is possible to recover high‑value materials from waste streams the industry has historically written off. This funding allows us to move from breakthrough chemistry to industrial reality and accelerate the transition to more circular materials.”
Alexandre Wagner, Investment Director at Bpifrance Green Venture, noted: “Syntetica has developed a differentiated technology that addresses one of the textile industry’s most complex recycling challenges. We are pleased to support the company’s next phase of growth as it scales its technology and manufacturing capabilities in France.”
Sid Amalean, Director of Group Innovation at MAS Holdings, added: “Recycling technology succeeds when brand commitment, manufacturing partnership, and industrial scale‑up expertise all converge — and Syntetica is one of the few ventures in this space that has brought all of these together.” (Newswire)
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