Syntetica, a Paris-based deeptech company, raised a $30m Series A on 16 July 2026. The Ecotechnologies 2 fund, managed on behalf of the French government by Bpifrance, led the round.
SWEN Capital Partners, lululemon, MAS Holdings and existing investor EQT Ventures also invested, as did family offices linked to Peugeot, Etam and the largest shareholder of Indorama Ventures. Bpifrance and the European Innovation Council provided public support. No valuation was disclosed.
“For decades, mixed nylon waste has been considered too complex and too expensive to recycle at scale.”Marco Bertone, co-founder and CEO, Syntetica
What Syntetica does
The company has a patented process that recycles both Nylon 6 and Nylon 6,6 from mixed post-consumer textile waste in a single step, without first separating the two types. Tech.eu said conventional technologies mainly handle clean manufacturing waste.
Marco Bertone is co-founder and chief executive, and Louis Monsigny is the other founder named by Tech.eu. The founding year and headcount were not stated. Syntetica works with Victoria's Secret and Etam, plus other global apparel companies.
Why nylon
Textile World, citing Textile Exchange, said global nylon production was about 7 million tonnes in 2024 and recycled nylon is only about 2% of the market. It also cited a figure that more than 80% of textiles discarded by households are incinerated, landfilled or abandoned.
Bertone said that for decades mixed nylon waste has been seen as too complex and too expensive to recycle at scale, and that Syntetica has shown it is possible to recover high-value materials.
What the money is for
The funding pays for construction of a first commercial demonstration plant in France, designed to process hundreds of tonnes of textile waste a year. Syntetica is developing it with Michelin's Centre for Sustainable Materials in Clermont-Ferrand. Over time the company wants to expand beyond nylon into textiles, automotive and specialty chemicals, Tech.eu reported.
Alexandre Wagner of Bpifrance Green Venture said the company addresses one of the textile industry's most complex recycling challenges. Sid Amalean, director of group innovation at MAS Holdings, said recycling technology succeeds when brand commitment, manufacturing partnership and industrial scale-up expertise come together.
Investors and customers
Lululemon and MAS Holdings are described as strategic investors. Textile World's list of customers includes Victoria's Secret and Etam, and Tech.eu said the number of global apparel companies working with Syntetica is growing.
Textile World's report said the process targets post-consumer textile waste, and the company described a patented approach. The company did not report earlier funding amounts, though Tech.eu linked to a 2024 article about an earlier round. Headcount and the founding year were not stated in either report.
The company is also working to reach industrial production: the plant in France is meant to show the process at commercial scale before any larger facilities are planned, the reports said. Bertone said the company has shown that it is possible to recover high-value materials from mixed nylon waste.
Company website: syntetica.co