Samsara Eco has raised a further US$65 million in its latest funding round, to increase the scale-up of its unique enzymatic recycling technology for turning discarded textiles and packaging back to monomers for new synthetic fibres and plastics.

The company, based in Canberra, Australia, plans to build commercial facilities in South East Asia in the next few years and is building up its team of chemists, engineers and technicians, as well as increasing its library of plastic-eating enzymes.

“Almost all plastic is reusable and recyclable with the right technology and we’re on a mission to end plastic waste and with it, repair our climate,” said Paul Riley, CEO and founder of Samsara Eco. “Our enzymatic recycling technology makes it easy for brands in almost every industry to meet their sustainability and decarbonisation goals by creating a circular loop for plastics. We’ve already made significant traction in the textile space but this is just the beginning.”

Since launching in 2020, Samsara Eco, which has previously raised US$43 million in funds, has led world-first innovations in infinite recycling, pioneering the ability to recycle plastics including nylon 6.6 and polyester. Earlier this year, in partnership with its first textile partner, Samsara Eco introduced the world’s first enzymatically recycled nylon 6.6 product and lululemon also launched a jacket containing Samsara Eco polyester.

The latest funding round was led by global investment company Temasek and Australian deep tech investment fund Main Sequence, as well as a cohort of new and existing backers including Wollemi Capital, lululemon, Hitachi Ventures, Titanium Ventures and DCVC.

www.samsaraeco.com