Investors back Evrnu’s fibre regeneration platform
02/11/2021
The platform depolymerises textile waste and repolymerises it into fibres of equal quality that can be recycled multiple times, according to the company.
Investors include clothing group Besteller, Korean clothing manufacturer Hansae and growth equity fund FullCycle Climate Partners.
The financing will be used to expand Evrnu’s facilities in South Carolina and to hire more staff.
Stacy Flynn, CEO and co-founder of Evrnu (pictured), said: “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. We are now proving these technologies at scale, with plans for global expansion.”
Brand partners include adidas, Stella McCartney, Levi’s and Target.
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