Syntetica raises $30M for nylon recycling
Analysis based on 6 articles · First reported Jul 16, 2026 · Last updated Aug 04, 2026
The funding signals growing investor confidence in circular textile technologies, potentially boosting Syntetica's valuation and accelerating its path to commercial scale. It may also positively influence sentiment for participating investors like lululemon and Michelin, while highlighting the broader shift toward sustainable materials in the apparel industry.
Syntetica, a French deep-tech company, announced a $30 million (€26.1 million) Series A funding round on July 16, 2026, to scale its nylon recycling technology. The round was led by the Ecotechnologies 2 fund managed by France — Bpifrance on behalf of the French government, with participation from Swen Capital Partners, lululemon, MAS Holdings, EQT AB, and the family offices of Stellantis — Peugeot, Etam, and Indorama Ventures' largest shareholder. The European Council also provided support. Syntetica's proprietary process can recycle both Nylon 6 and Nylon 6,6 from mixed post-consumer textile waste in a single step, overcoming a major technical barrier. The funding will support construction of its first commercial demonstration facility at Michelin's Centre for Sustainable Materials in Clermont-Ferrand, France, targeting processing of hundreds of tonnes of textile waste annually. The company already works with brands like Victoria s Secret and Etam. Recycled nylon currently accounts for only about 2% of the global nylon market, and over 80% of discarded textiles are incinerated or landfilled. Syntetica aims to expand beyond nylon into automotive and specialty chemicals.
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