Syntetica, a French deeptech company specializing in nylon waste recycling, has completed a Series A funding round of $30 million led by French government-backed Bpifrance, with participation from Sri Lanka's MAS Holdings and international apparel brands.
Syntetica has announced the completion of its Series A funding round totaling $30 million, backed by a consortium of investors including government institutions, technology firms, and apparel manufacturers. The round was led by Ecotechnologies 2 fund, managed by French public investment bank Bpifrance on behalf of the French government. Other participants include SWEN Capital Partners, lululemon, MAS Holdings, EQT Ventures, and family offices connected to major companies including Peugeot and Indorama.
The company has developed a proprietary technology capable of recycling both Nylon 6 and Nylon 6,6 varieties from mixed textile waste in a single process. This addresses a significant technical barrier that has historically prevented large-scale recycling of post-consumer nylon. According to Textile Exchange data cited by the company, while global nylon production reached approximately 7 million tonnes in 2024, recycled nylon accounts for only around 2 percent of total nylon market due to recycling complexities.
The funding will support construction of Syntetica's first commercial demonstration facility in France, developed through a partnership with Michelin's Centre for Sustainable Materials in Clermont-Ferrand. The facility is expected to process hundreds of tonnes of textile waste annually, transitioning the technology from laboratory to industrial scale. Co-founder and CEO Marco Bertone stated the investment enables the company to move from theoretical advancement to operational reality.
Syntetica is already collaborating with brands including Victoria's Secret and Etam. The investment reflects broader industry efforts to address textile waste, as more than 80 percent of discarded household textiles are currently incinerated, landfilled, or abandoned. Sid Amalean, Director of Group Innovation at MAS Holdings, characterized the investment as strategically important for strengthening circular material supply chains within the apparel manufacturing sector.
