SEATTLE – US-based textile recycling innovations company Evrnu has announced it has raised US$15m in Series B financing to scale and meet demand for its textile recycling platform, NuCycl. NuCycl is the Evrnu’s first commercially available technology which converts old cotton garments into materials. The garment is designed to be disassembled so it can be, “returned to the NuCycl system.”
The funding round was led by FullCycle Climate Partners, which will also serve as a significant project financing partner. 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.
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