Lululemon backs nylon recycling startup Syntetica in $30M Series A

Syntetica, a French startup developing a novel nylon recycling method, closed a $30M Series A round backed by Lululemon. The company has already secured big-name partners and investors. The funding will support scaling its technology, which aims to reduce textile waste. Lululemon's investment aligns with its sustainability goals for recycled materials in apparel production.