Lululemon backs nylon recycling startup Syntetica in $30M Series A
Lululemon has invested in Syntetica, a French startup that has developed a new technology to recycle Nylon 6 and 6,6. This partnership aims to address the fashion industry's reliance on petrol-sourced materials and improve circularity in apparel production.
Why it matters
Investment in textile recycling technology is critical for major fashion brands to meet sustainability goals and mitigate supply chain risks caused by volatile oil prices.
Activewear company Lululemon has invested in the $30 million Series A round raised by Syntetica, a French startup that developed a novel approach to recycling nylon, whose properties make it both too good to give up but hard to reuse.
Syntetica promises to recycle two types of nylon — Nylon 6 and Nylon 6,6 — that can’t easily be sorted out from each other in the textile waste collected from consumers, its CEO Marco Bertone told TechCrunch.
With tons of clothing ending up in landfills each year, one key reason for the fashion industry to invest in more circularity is customer perception, especially for premium apparel brands. Startups like Syntetica also benefit from regulatory tailwinds , and from recent price volatility that unusually affected nylon.
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