$30m · Series A · Fashion
French deeptech Syntetica has closed a $30m Series A led by the Ecotechnologies 2 fund, managed by Bpifrance under France 2030. The financing announcement names SWEN Capital Partners, lululemon, MAS Holdings and existing investor EQT Ventures alongside family offices linked to Peugeot, Etam and Indorama Ventures’ largest shareholder, with support from Bpifrance and the European Innovation Council. The capital will fund industrialisation of Syntetica’s nylon-recycling process.
Recycling mixed nylon without sorting it apart
Syntetica is developing a low-temperature chemical process that handles mixed textile waste containing both Nylon 6 and Nylon 6,6. Conventional recycling struggles when those polymers are blended with each other, elastane, dyes or finishes, because identifying and separating each component can make recovery uneconomic. Syntetica says its process depolymerises the nylon while preserving useful outputs, producing recycled material designed as a drop-in alternative for textile, automotive and industrial applications.
The commercial mechanism depends on avoiding two costs at once: intensive pre-sorting at the input and product reformulation at the output. If recovered nylon can match virgin specifications and enter existing manufacturing lines, brands and material suppliers can buy circular feedstock without redesigning every product. Strategic investors lululemon and MAS Holdings give Syntetica routes to test that proposition against real textile requirements, while the round’s industrial capital is intended to move beyond laboratory batches.
The demonstrator is the scale-up test
A collaboration with Michelin places Syntetica’s pilot at the Center for Sustainable Materials in Clermont-Ferrand. Michelin says the initial installation will process several tonnes of textile waste before a planned demonstrator scales towards more than 400 tonnes per year from 2027; Syntetica’s longer-term roadmap targets commercial plants above 25,000 tonnes.
Those targets define the risk the Series A is buying down. The company must show that recovery yield, purity, energy use and cost remain competitive as throughput rises, then secure a consistent waste supply and customer qualification for the resulting polymer. A successful demonstrator would turn strategic interest from apparel and materials groups into evidence that the chemistry can operate repeatedly in an industrial setting.
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