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Nylon recycling startup raises $30m

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Syntetica raises $30 million to scale its patented process for recycling mixed nylon textiles, backed by investors including Lululemon

PARIS — Syntetica, the French deeptech startup specialising in nylon recycling, has closed a $30 million Series A round to accelerate its proprietary technology for processing mixed textile waste containing both Nylon 6 and Nylon 6,6.

Sportswear brand Lululemon was among the investors in the funding round which was led by the Ecotechnologies 2 fund, managed by Bpifrance under the French government's France 2030 investment plan, with participation from Swen Capital Partners, Sri Lanka-based manufacturer MAS Holdings, and existing investor EQT Ventures.

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