Textile recycling venture Evrnu raises $9.1 million



ImpactAlpha, October 3 – Clothing production has doubled worldwide in the past 15 years, largely because of demand for low-cost “fast fashion.” More than half of garments are tossed out within a year.

Seattle-based Evernu is tackling physical waste and lost value in the clothing sector with recycling technology for discarded garments. The company says its NuCycl process allows fashion and textile companies to disassemble materials to create new garments without compromising strength or quality.

Evrnu’s goal is to help the fashion industry “grow while decoupling that growth from resource extraction of virgin materials.”

Radicle Impact led the company’s $9.1 million Series A round to help Evrnu get NuCycl to market and license the technology in the next 12-24 months. Early adopters include Levi’s, Adidas and Stella McCartney, which are working with Evrnu to develop customized fibers and fabrics.

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