Syntetica Raises €26.1 Mn Series A to Scale Textile Recycling Technology

The new funding will help Syntetica build its first commercial demonstration facility in partnership with Michelin.

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, EQT Ventures, the family offices of Peugeot and Etam, Indorama Venture’s largest shareholder, as well as support from Bpifrance and the European Innovation Council.

Marco Bertone, co-founder and chief executive officer of Syntetica, 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 the 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, Bpifrance Green Venture, said, “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, which is in line with our investment strategy.”

Founded in 2023 by Bertone and Louis Monsigny, Syntetica aims to build the infrastructure needed to recycle valuable materials and reduce the use of new fossil-based raw materials.

The company has developed its own technology that can recycle both Nylon 6 and Nylon 6,6 from mixed textile waste in a single process, making textile recycling simpler and more efficient.

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