● Covered by 1 source · 1 reportMedium impact
Lululemon invests $30M in nylon-recycling startup Syntetica
Key points
- Lululemon backs Syntetica with $30M Series A investment
- Syntetica focuses on recycling Nylon 6 and Nylon 6,6
- Partnerships with brands like Victoria's Secret and Etam in place
Investment Details
Lululemon has participated in a $30 million Series A funding round for Syntetica, a startup specializing in recycling nylon. Syntetica’s unique approach focuses on separating and recycling Nylon 6 and Nylon 6,6, which are typically difficult to separate from textile waste.
Market Context
The investment aligns with a broader trend in the fashion industry towards sustainability amidst increasing landfill waste. Geopolitical tensions affecting oil supply have led to fluctuating nylon prices, prompting brands to reconsider their reliance on petrol-sourced materials.
Syntetica's Approach
Syntetica aims to be cost-competitive and scalable without incurring a 'green premium.' The startup’s model is to provide recycled pellets for yarn manufacturing, rather than producing textile material itself, fostering partnerships across the value chain.
Strategic Partnerships
Alongside Lululemon, Syntetica has secured partnerships with major companies like Victoria's Secret and Etam. Their project aims to enter the market early next year, signaling a shift towards circularity in the apparel sector.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Lululemon has invested $30 million in Syntetica's Series A funding to advance nylon recycling technology. This investment addresses the growing demand for sustainable practices in the fashion industry, particularly amid price volatility affecting nylon materials.