Syntetica raises $30M Series A for circular nylon recycling

Syntetica , a deeptech company developing recycling technology for complex textile waste, has raised $30 million in a Series A funding round to scale its nylon recycling platform and bring its technology to industrial production. The round was led by the Ecotechnologies 2 fund, managed on behalf of the French government by Bpifrance, with participation from SWEN Capital Partners, lululemon, MAS Holdings, existing investor EQT Ventures, and the family offices of Peugeot, Etam and Indorama Venture