Recyc'Elit completes a 3.2 million euros fundraising

Recyc'Elit completes a 3.2 million euros fundraising

Written by:
Marine PERRAUD
INNOVATIVE projects and partnerships MANAGER
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Recyc'Elit raises 3.2 million euros to finance the industrialisation of its breakthrough innovation dedicated to the recycling of complex polyester-based textiles.

Chasse-sur-Rhône, October 27, 2023 — Recyc'Elit, a player in the circular economy in the textile sector, has just closed a 3.2 million euros fundraising campaign led by Demeter, via the Metropolitan Industrial Seed Fund (FAIM) Lyon — Saint-Etienne (FAIM) Lyon — Saint-Etienne and UI Investissement and UI Investissement, alongside the Bank of Territories on behalf of the State as part of France 2030, Crédit Agricole Création and Business Angels.

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Date of publication
October
2023
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