FL
FibreLoop
announcedClosed-loop textile-to-textile recycling at industrial scale
Deal Size
$54M
Stage
Series B
Sector
Textile Recycling
Location
Lisbon, Portugal
Announced: March 22, 2026
Deal Overview
FibreLoop has developed a proprietary enzymatic process that separates blended textiles (cotton-polyester mixes) into pure fiber streams for re-spinning into new yarn. The fashion industry generates 92 million tons of textile waste annually, with less than 1% recycled back into clothing-grade fiber. FibreLoop's process works on post-consumer garments regardless of dye, finish, or blend ratio, achieving 88% fiber recovery. The Series B will fund a 30,000 MT/year facility in Portugal and a second line in Vietnam.
Key Highlights
- ✓88% fiber recovery from blended textiles
- ✓Works on any cotton-polyester blend regardless of dye
- ✓Pilot facility processing 5,000 MT/year
- ✓Offtake agreements with 4 major fashion brands
Founders
- Dr. Ingrid Hofmann
- Leandro Costa
Investors
- WasteVC
- H&M CO:LAB
- Circularity Capital
Interested in Similar Deals?
WasteVC invests from Seed to Series B in waste management and circular economy startups.