French startup Syntetica raises $30 million Series A with investment from lululemon and MAS Holdings
Syntetica, a French company focused on technology to recycle complex textile waste, has announced a $30 million Series A funding round. This 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's largest shareholder.
The round, which takes the total raised to date to $38 million, also includes support from public institutions including Bpifrance (French public investment bank) and the European Innovation Council.
Syntetica has developed a proprietary solution capable of recycling both Nylon 6 and Nylon 6,6 from mixed textile waste in a single process. The company is working with brands including Victoria’s Secret and Etam, alongside a number of global apparel firms.
The funding will support the planned construction of Syntetica's first commercial demonstration facility in France, with the aim of bringing the technology from laboratory scale to industrial production, targeting the processing of hundreds of tonnes of textile waste each year. The demo plant will be developed through the company's partnership with Michelin's Centre for Sustainable Materials in Clermont-Ferrand.
Marco Bertone, Co-founder and CEO at Syntetica, says: "For decades, mixed nylon waste has been considered too complex and too expensive to recycle at scale. We have shown that it is possible to recover high-value materials from the waste streams the industry has historically written off. This funding allows us to move from breakthrough chemistry to industrial reality and accelerate the transition to more circular materials.”
Alexandre Wagner, Investment Director, Bpifrance Green Venture, says: “Syntetica has developed a differentiated technology that addresses one of the textile industry's most complex recycling challenges. We are pleased to support the company's next phase of growth as it scales its technology and manufacturing capabilities in France, which is in line with our investment strategy.”
Sid Amalean, Director, Group Innovation, MAS Holdings, comments: “Recycling technology succeeds when brand commitment, manufacturing partnership, and industrial scale-up expertise all converge - and Syntetica is one of the few ventures in this space that has brought all of these together. We're excited to support Syntetica to scale their technology by leveraging MAS' apparel manufacturing expertise. We see this investment as a strategic move for the industry as a whole.”
2026 RTIH Innovation Awards
Green retail will be a key focus area at the 2026 RTIH Innovation Awards.
The awards are now open for entries and celebrate global retail technology innovation in a fast moving omnichannel world.
Our winners will be revealed at the 2026 RTIH Innovation Awards Ceremony, taking place at The HAC in Central London on Wednesday, 4th November.
Check out our 2025 winners here.
Our 2025 hall of fame entrants were revealed during a sold out event which took place at The HAC on 16th October and consisted of a drinks reception, three course meal, and awards ceremony presided over by award winning comedian, actress and writer Tiff Stevenson.
In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “This is the awards’ fifth year as a physical event. We started off with just 30 people at the South Place Hotel not far from here, then moved to London Bridge Hotel, then The Barbican, and last year RIBA’s HQ in the West End.”
“But I’m conscious of the fact that, to quote the legend that is Taylor Swift, You’re only as hot as your last hit, baby. So, this year we’ve moved to our biggest venue yet, and also pulled in our largest number of entries to date and broken attendance records.”
He added: “This year’s submissions have without doubt been our best yet. To quote one of the judges: The examples of innovative developments across both traditional and digital retail spaces were truly remarkable.”
Congratulations to our winners, and a big thank you to our sponsors, judging panel, the legend that is Tiff Stevenson, and all those who attended our 2025 gathering.
