Lululemon backs nylon recycling startup Syntetica in $30 million Series A

Corporate ActionProduct / Tech
โดย TechCrunch·Read original
Summary · why it matters

Lululemon has invested in Syntetica, a French nylon recycling startup, as part of its $30 million Series A funding round. The round was led by Bpifrance's Ecotechnologies 2 fund and also drew backing from MAS Holdings, EQT Ventures, SWEN Capital Partners, and family offices. Syntetica has developed a process to recycle both Nylon 6 and Nylon 6,6 from mixed textile waste, producing pellets that can be turned into new yarn. The company plans to use the funding to demonstrate production of hundreds of tons of pellets per year and deliver them to clothing supply chain clients, with a recycling project expected to reach market early next year. Syntetica has already partnered with brands including Victoria's Secret and Etam, and established a commercial demonstration facility in Clermont-Ferrand through a collaboration with Michelin's Centre for Sustainable Materials.

Impact on stocks 4

Consumer Discretionary▲ · 3 stocks
Lululemon Athletica Inc.
LULU
▲ PositiveTechnologyrelevance

Lululemon invested in Syntetica's nylon recycling technology, which supports its sustainability goals and could improve supply chain circularity.

Real Estate▲ · 1 stocks

Theme Impact 1

Off-coverage companies 6

BpifrancePrivate± Mixed
relevance

EQT VenturesPrivate± Mixed
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Etam DeveloppementPrivate± Mixed
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MAS HoldingsPrivate± Mixed
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SWEN Capital PartnersPrivate± Mixed
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SynteticaPrivate± Mixed
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