Lululemon and MAS back nylon recycling scale‑up

Paris - Activewear giant Lululemon and MAS Holdings, one of Sri Lanka’s largest knitted clothing manufacturers, have joined a $30 million Series A funding round in French start‑up Syntetica, which aims to scale chemical recycling of mixed nylon textile waste through a first commercial demonstration plant in France.

The round was led by Bpifrance’s Ecotechnologies 2 fund, backed by the French government’s France 2030 investment plan, with additional participation from Swen Capital Partners, existing investor EQT Ventures and family offices linked to Peugeot, Etam and the largest shareholder of Indorama Ventures, alongside support from the European Innovation Council.