What is Evrnu?
Evrnu is pioneering advanced polymer regeneration technologies designed to combat the global textile waste crisis. Through its proprietary NuCycl technologies, the company transforms discarded clothing into high-performance new fibers. These regenerated fibers offer an environmentally responsible alternative for premium textile products, enabling leading brands and retailers worldwide to meet both performance demands and sustainability goals. Evrnu's innovations are critical for realizing a truly circular economy in the textile sector, providing sustainable solutions for the world's most utilized fibers.
How much funding has Evrnu raised?
Evrnu has raised a total of $24.8M across 4 funding rounds:
Series A
$9.1M
Debt
$350K
Debt
$359K
Series B
$15M
Series A (2019): $9.1M with participation from Giant Leap Fund, The Mills Fabrica Fund, and Radicle Impact
Debt (2020): $350K led by PPP
Debt (2021): $359K supported by PPP
Series B (2021): $15M featuring Hansae Co., FullCycle, PDS Multinational Fashions, and Bestseller
Key Investors in Evrnu
Radicle Impact
Radicle Impact is an impact venture fund dedicated to promoting social justice, environmental resilience, and economic sustainability. The firm invests in early-stage companies that have the potential for systems change in sectors such as climate solutions and fair finance.
Hansae Co.
Founded in 1982 and headquartered in Seoul, South Korea, Hansae is a creates garments and clothing items for sale through retailers globally.
FullCycle
FullCycle is a growth equity fund focused on accelerating systemic solutions to the climate crisis. FullCycle commercializes proven technology solutions to the climate crisis through the company's acceleration ecosystem and asset-led growth strategy.
What's next for Evrnu?
With the infusion of major strategic investment and substantial overall capital, Evrnu is poised for significant expansion. The company's focus on developing and scaling its NuCycl technologies positions it as a key player in the sustainable fashion movement. Future growth is likely to involve deeper collaborations with global fashion brands and retailers, further integrating its recycled fibers into mainstream apparel production. This strategic financing will enable Evrnu to enhance its production capabilities and drive broader adoption of its circular economy solutions, addressing environmental challenges in the textile industry.
See full Evrnu company page
