#Recycling / Circular Economy

2021-11-04

Evrnu raises $15M Series B financing to scale its NuCycl™ fiber regeneration technologies

Textile innovations company Evrnu announced today the raising of their $15M Series B financing to scale and meet the surging demand for its fiber regeneration platform, NuCycl, as a solution to the textile waste crisis. The round was led by FullCycle Climate Partners, which will also serve as a significant project financing partner. Globally diversified supply chain partners and brands are also joining the round as co-investors including Hansae, Bestseller, and PDS Venture, PDS Multinational Fashions’ venture tech portfolio.

“Over the last few years, we have iterated and fine-tuned NuCycl technologies to meet and exceed the quality and performance demands of the luxury industry,” says Stacy Flynn, CEO & Co-Founder of Evrnu. “We are now proving these technologies at scale, with short-term plans for global expansion.”

This strategic financing will be used to expand Evrnu’s facilities and operations in South Carolina and service high volumes of NuCycl fibers to the fashion industry. It will also enable key, strategic hires in growth functions and technical roles as Evrnu expedites global deployment of NuCycl to meet the scale required to alleviate dependency on virgin resources and create material emissions reductions throughout the fashion value chain.

“Brands know that they need to materially address their emissions and that their customers are watching and demanding that they do better,” says Kyle Adkins, Partner at FullCycle. “FullCycle is excited to partner with Evrnu to build and deploy true molecular circularity with the capacity and scale to meet the demands of even the largest participants in this global industry.”

Evrnu’s breakthrough technologies create a pathway to insert the tens of millions of tons of textile waste that end up in landfills or incinerators every year back into the value chain. The NuCycl platform depolymerizes textile waste and repolymerizes it into pristine fibers that are on par or higher quality than the inputs and can be recycled multiple times – an unlock for textile recycling.

Having developed the technologies to address the recycling of 90%+ of all apparel, with one patent granted and several others pending, Evrnu is on course to deploy technologies that allow for all textiles to be successfully recycled by 2030.

“All gold that’s ever been sourced is still in circulation – it gets melted and casted over and over again,” says Christopher Stanev, CTO of Evrnu. “That’s Evrnu’s goal for textile fibers: Our technologies enable them to stay in circulation, while maintaining their performance attributes.”

Enabled with this financing, Evrnu will be rolling out each technology in partnership with global supply chain partners to meet the needs of this emerging market and scale required for material impact. Evrnu has advanced R&D contracts under way, in fashion, as well as in new markets, such as home furnishings and automotive.

“Production is a product”

From technical textiles and AI-driven robotics to the limitations of textile circularity: Professor Dr Thomas Gries looks back on more than two decades of development at ITA Aachen. In the interview, he explains why production technology remains a decisive success factor, discusses international collaborations and innovation ecosystems, and shares his views on the transformation of production landscapes and the challenges facing an increasingly regulated industry.

“We need to move away from the price trap and return to a value-driven mindset.”

With its new Textile Innovation Center, KARL MAYER is sending a strong signal for innovation, collaboration, and the future of textile applications. In this interview, Karl Josef Mayer discusses new opportunities in warp knitting, the processing of staple fibres, recycling, the changing role of machinery manufacturers, and why the textile industry must once again focus more strongly on the value of textiles. by Oliver Schmidt

“Innovation, resilience and international experience remain the great strengths of the Swiss textile machinery industry”

Geopolitical uncertainty, growing competitive pressure from China, new free trade agreements and the shift towards a circular economy are currently reshaping the global textile industry. In this interview, Cornelia Buchwalder discusses the current mood within the Swiss textile machinery sector, the industry’s distinctive innovative strength, new market opportunities in India and Asia, and the technological trends that could shape the upcoming trade fair cycle leading up to ITMA 2027.

Industrial scale meets verified governance: RE&UP is now B Corp™ certified

RE&UP, the circular-tech transforming global textile waste into high-volume Next-Gen materials, has officially become a Certified B Corporation™. The milestone establishes the industrial recycler among a select group of manufacturing infrastructure providers verified as meeting B Lab Standards for social and environmental performance, transparency, and accountability.

Recover™ and Ünteks Group partner to scale recycled cotton in knitwear

Recover(TM), a global producer of low‐impact, high‐quality recycled cotton fiber, announces a new partnership with Ünteks Group, a vertically integrated textile manufacturer based in Turkey. The collaboration focuses on the development of circular knit fabrics and garments, combining Recover’s recycled cotton fiber with Ünteks Group’s integrated capabilities across knitting, dyeing, printing, and garment production.

ALADIN paves the way for circular and demand-driven textile production in Europe

Textile production can be organized sustainably by utilizing short supply chains and preventing overproduction. This can already be achieved today by intelligently connecting and efficiently utilizing existing infrastructure. At the same time, production becomes circular when innovative technologies and materials are used that enable high-quality recycling. The ALADIN research project, launched in May 2026 and co-funded with five million euros under the EU Horizon Europe program, is creating the conditions for this.

Ence and ShareTex begin initial testing of the ATENEA innovation project to promote textile recycling in Spain

Ence and ShareTex are making progress on the Atenea R&D project, which aims to develop a complete value chain for textile recycling in Spain. Specifically, the goal of the ATENEA project—which is funded by the Center for Technological Development and Innovation (CDTI)—is to connect all the necessary stages for the recovery of textile waste, from collection and management, through recycling and transformation into new raw materials, to their incorporation into new textile products.

Rieter sees Barmag integration on track as orders and sales rise

The first half of 2026 was shaped by the successful completion of the largest acquisition in Rieter’s history. The Man-Made Fiber Division enables entry into the growth segment of man-made fibers and sustainably strengthens Rieter’s market position in the Asia region. The expanded Group is now the world’s leading system supplier for the processing of natural and man-made fibers. In the first half of the year, initial cost savings in material costs and operating expenses have already been realized. The targeted synergies are expected to amount to at least CHF 20 million by the end of the 2028 financial year. Due to the completion of the acquisition on February 2, 2026, the first half of the year for the Man-Made Fiber Division only amounts to five months.