Syntetica, a French deeptech company specializing in nylon textile waste recycling, has completed a Series A funding round of $30 million with investment from Sri Lankan apparel manufacturer MAS Holdings alongside major international investors and public institutions.
Syntetica, a French deeptech company focused on recycling textile waste, has announced the completion of a $30 million Series A funding round led by the Ecotechnologies 2 fund, managed by French public investment bank Bpifrance on behalf of the French government. The round includes participation from major apparel brands, investment firms, and Sri Lanka's MAS Holdings, alongside existing investor EQT Ventures and family offices associated with Peugeot, Etam, and Indorama.
The company has developed technology capable of recycling both Nylon 6 and Nylon 6,6 from mixed textile waste in a single process, addressing a significant technical barrier in the industry. Traditionally, the need to identify and separate different nylon types has made post-consumer nylon recycling economically unfeasible at scale. Currently, recycled nylon represents only about 2% of the global nylon market despite growing demand, according to the Textile Exchange's Materials Market Report. The company estimates that over 80% of discarded household textiles are currently incinerated, landfilled, or abandoned.
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 facility aims to process hundreds of tonnes of textile waste annually, transitioning the technology from laboratory scale to industrial production. Syntetica is already collaborating with major brands including Victoria's Secret and Etam. MAS Holdings' involvement reflects the growing interest among manufacturers in establishing sustainable material supply chains, with the company viewing the investment as strategically significant for the broader apparel industry.
