GR3N, a Swiss cleantech company specializing in the recycling of PET and polyester fibers, has successfully closed a Series B funding round of 15.5 million euros. The round was led by 360 Capital, with VP Textile joining as a new investor, marking an important milestone in the company’s growth trajectory.
The freshly secured capital will be directed toward the development and deployment of Modus, described as a first-of-a-kind recycling facility designed to process 40,000 tons of material annually. This expansion represents a significant scaling effort for GR3N as it works to increase its processing capacity and establish itself as a key player in the European circular economy.
Addressing the Polyester Recycling Challenge
The investment underscores growing momentum in the textile recycling sector, where companies are working to address the environmental challenges posed by synthetic fibers. Polyester and PET represent substantial portions of global textile waste, yet remain difficult to recycle through conventional methods. GR3N’s technology targets this gap in the market, offering a solution to transform post-consumer and post-industrial polyester waste into reusable materials.
The involvement of VP Textile as an investor signals confidence from within the textile supply chain itself. This partnership between technology developers and industry participants reflects an emerging trend where established players are backing innovative recycling solutions to support their sustainability objectives.
European Momentum in Cleantech Recycling
The funding round arrives at a moment of heightened focus on circular economy solutions across Europe. Regulatory pressures, including the EU’s upcoming extended producer responsibility regulations and textile strategy, are creating structural demand for advanced recycling technologies. Numerous startups across the continent have attracted significant capital to address waste management and material recovery challenges.
Switzerland has established itself as a hub for cleantech innovation, with companies in the country benefiting from access to both capital and technical expertise. GR3N’s successful fundraising adds to a growing portfolio of Swiss-based sustainability companies pursuing solutions in recycling, waste management, and material science.
The 15.5 million euro investment provides GR3N with resources to move from pilot phases into commercial-scale operations. The Modus facility represents a tangible demonstration of the company’s ability to transform its technology into production capacity, a critical step for any cleantech company seeking to achieve meaningful environmental impact.
As European companies and policymakers intensify efforts to reduce landfill waste and improve material recovery rates, investments in recycling infrastructure and technology are expected to remain a focal point for venture capital and strategic investors. GR3N’s funding round reflects this broader momentum in the European startup ecosystem, where cleantech solutions continue to attract investment interest from both specialized funds and corporate participants aligned with sustainability goals.