EverDye, a Paris-based sustainable textile chemistry startup, has just raised €15 million in a Series A round to industrialise an energy- and water-efficient dyeing process. The round is led by Crédit Mutuel Innovation and Daphni, with participation from Ring Capital, EIC Fund, 212 Next, Asterion Ventures and Maki.VC. The deal comes at a time when the textile industry accounts for between 8 and 10% of global greenhouse gas emissions, according to data from Ademe and Bpifrance, and when European regulation (CSRD, the green taxonomy, the upcoming ESPR regulation on ecodesign) is pushing brands to decarbonise their supply chain.
The deal in detail
This Series A will fund three strategic priorities:
- Industrialisation of the EverDye dyeing process at the scale of the first pilot unit operated at partner dye houses;
- Tripling headcount by 2028, with the team currently at around twenty employees;
- Commercial expansion among buyers - textile brands, contract manufacturers, dyers - in France, the Mediterranean basin and Asia, where most of the world's dyeing takes place.
The round is led by Crédit Mutuel Innovation, which has positioned itself as an active investor in Industry 4.0 and decarbonization, and by Daphni, a French early-stage fund known for its focus on ecological transition. The involvement of the EIC Fund (European Innovation Council) confirms alignment with European priorities on industrial eco-design, as Maddyness pointed out in its coverage of the round.
Founder profiles
Philippe Berlan, CEO, and Amira Erokh, CTO, lead a team combining textile chemists, process engineers, and manufacturing managers. This blend of expertise matches the challenge of scaling up a chemical process: moving from the lab to serial production requires mastering formulation, process engineering, regulatory compliance (REACH), and relationships with industrial clients.
EverDye's breakthrough: low-energy, low-water dyeing
Traditional textile dyeing is one of the most polluting stages in the textile chain. It consumes an average of 100 to 150 liters of water per kilogram of fabric and requires high temperatures (90 to 130 °C) to fix synthetic dyes. Industrial effluents loaded with dyes and chemical auxiliaries are a major environmental challenge, particularly in Asian countries where more than 80% of global dyeing takes place.
EverDye is developing an alternative process that works on three levers:
- Lower dyeing temperature thanks to purpose-built chemistry;
- Reduced water consumption by optimizing dye baths and their reuse;
- Compatibility with existing dyeing equipment, making adoption easier for dyers.
This last point is essential. As Les Echos highlighted in an analysis of the textile value chain, industrializing dyeing innovations usually runs into the investment cost required on the dyer's side. A drop-in innovation that integrates with existing machines accelerates adoption.
The economic constraints of industrialization
For an Indian or Bangladeshi dyer to adopt an alternative process, two conditions must be met: a competitive total cost (raw materials + energy + water + effluent treatment) and a consistent color shade across successive batches. With its €15M, EverDye has the means to win its first significant commercial contracts and build a credible demonstration at a scale of 100-500 tonnes of dyed fabric per year.
The regulatory landscape that changes the game
Three major European regulatory texts are converging to push brands to rethink their sourcing:
- CSRD (Corporate Sustainability Reporting Directive), fully applicable since 2024-2025 depending on company size, requires reporting on Scope 3 emissions - which dyeing falls under;
- ESPR Regulation (Ecodesign for Sustainable Products Regulation), which will progressively introduce ecodesign requirements for textiles, including the digital product passport;
- EU Green Taxonomy, which defines economically sustainable activities and governs a growing share of banking and investment financing.
For fashion brands and technical apparel companies, these regulatory texts turn textile decarbonation from a marketing argument into an accounting and financial obligation. According to a FrenchWeb analysis of the European textile industry, more than 60 % of major groups have published a Scope 3 emissions reduction target for 2030, creating a steady stream of tenders for technical solutions like EverDye.
Direct competitors and ecosystem
EverDye operates in a fast-emerging ecosystem. Several players are working on complementary approaches: Colorifix (dyeing using bacteria), DyeCoo (water-free dyeing with supercritical CO2), AlgaeNova (algae-based pigments), Tinctorium (recombinant indigo dye). These approaches differ in their level of technological maturity, their compatibility with existing infrastructure, and their cost. The sustainable textile chemistry segment saw more than €200 million invested in 2024, according to Bpifrance data on French and European cleantech.
What sales arguments for EverDye?
To convince a fashion brand to require its dyers to adopt EverDye, several arguments need to line up:
- Certified carbon footprint by a third party (ISO 14040/44 life cycle analysis);
- Color stability documented across batches and common fibers (cotton, polyester, blends);
- Competitive total cost, or at least neutral, versus the conventional process;
- REACH compliance and ecolabels standard in textiles.
For growth teams in industrial B2B, this type of product requires a long sales cycle, anchored in technical references and audited environmental assessments. The Series A raise should serve precisely to build this body of proof.
Risks and points to watch
EverDye's main risk is the one facing any industrial deep tech company: hitting industrialization milestones, securing the first long-term contracts with dye houses, and maintaining dye quality in series production. The second risk is competitive: if an alternative approach were to demonstrate a significantly better cost/performance ratio, the segment could be reconfigured quickly. Finally, the macro environment in textiles - sensitive to consumer cycles - weighs on brands' innovation budgets. EverDye's ability to demonstrate that its process is as cost-effective as it is eco-friendly will be decisive.
FAQ
How much has EverDye raised in its Series A?
EverDye has raised €15 million in a Series A round led by Crédit Mutuel Innovation and Daphni, with participation from Ring Capital, EIC Fund, 212 Next, Asterion Ventures and Maki.VC.
Who leads EverDye?
EverDye is led by Philippe Berlan (CEO) and Amira Erokh (CTO). The company is based in Paris and has around twenty employees, with plans to triple its headcount by 2028.
What does EverDye actually do?
EverDye is developing a textile dyeing process that lowers the temperature, reduces water consumption, and remains compatible with existing dyeing equipment. This drop-in compatibility is key to making adoption easier for industrial dyers.
Why is textile dyeing a major environmental issue?
Textile dyeing consumes 100 to 150 liters of water per kilogram of fabric and requires high temperatures (90 to 130 °C). The global textile industry accounts for 8 to 10% of worldwide greenhouse gas emissions, according to Ademe.
What will the €15 million raised be used for?
The funds will be used to industrialize the EverDye process with partner dyers, to recruit in order to triple headcount by 2028, and to expand its commercial presence among textile brands and garment manufacturers in Europe and Asia.