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Worn Again
A technology licensing company that is developing unique polymer recycling processes nvironmental benefits
About Worn Again
Worn Again Technologies is a chemical recycling company focused on the textile industry. It has developed a polymer recycling process that can separate, decontaminate, and extract polyester and cellulose from non-reusable textiles and PET plastics. This technology aims to put these raw materials back into the production supply chain as if they were virgin resources, supporting a circular economy.
The company was founded in 2005 by Adam Walker and Cyndi Rhoades. Initially, it began as an upcycling brand creating new products from discarded textiles. Cyndi Rhoades, with a background in the music and film industry, recognized the significant waste problem in textiles and steered the company towards developing a technological solution. Her vision was to create a scalable process to tackle end-of-life textiles. The company has since evolved from its upcycling origins to a technology-focused firm, attracting investment from major industry players like H&M and Kering.
The core of its business is its patented chemical recycling process. This process can handle mixed-fiber garments, which are traditionally difficult to recycle. It works by selectively dissolving polyester and cellulose, separating them from dyes and other contaminants. The output is polyester pellets and cellulosic pulp that can be used to create new yarn and fabrics. The business model involves licensing this technology to partners in the textile and plastic recycling industries, enabling them to build and operate plants that utilize the process. This approach is designed to accelerate the adoption of circular practices within the global textile supply chain.
Source: Dealroom company dataAt a glance
- Status
- Closed
- Founded
- 2005
- Headquarters
- Nottingham, United Kingdom
- Employees
- 22
- Open positions
- None listed
- Dealroom signal
- 0.0/100
- Industry
- Fashion, Energy
- Sub-industry
- Clean Energy
- Sector
- Energy, Recycling, Waste Reduction, Sustainable Development Goals, Advanced Materials, Climate Tech, Circular Economy, Woman Founder, UKis manufacturing, uk is8 advanced manufacturing
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Oct 2022 | $36M | $146M | Undisclosed | ↗ |
| EARLY VCOther financing | Jun 2020 | $8.8M | $35M | Sulzer · H&M CO:LAB | ↗ |
Growth signals
Latest recorded traffic for Worn Again is 490 monthly website visits, down 65% over the last three months. Worn Again's team grew 4.8% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed1 investor entered at this stage
H&M CO:LAB
Series A3 investors entered at this stage
H&M
Future Tech Labs
Sulzer
Other known investors4 additional known investors
BioCity Glasgow | Pioneer Group
Fashion For Good
H&M Group Ventures
Unreasonable Group
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Worn Again on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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