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French textile upcycling specialist Losanje has closed a €6.7 million funding round to expand its industrial model, which transforms used, defective, or unsold apparel into premium new products.
Backed by a mix of public and private investors—including UI Investissement, Crédit Agricole, Lita, Evolem, ADEME, Bpifrance, and the Bourgogne-Franche-Comté region—the capital injection will fund a new 2,500-square-meter warehouse in Nevers, advanced manufacturing machinery, and targeted R&D to boost overall production capacity.
Founded in 2020 in a small garage on the banks of the Loire River, Losanje has spent the last five years establishing automated, large-scale upcycling infrastructure in Europe.
To date, the company has successfully diverted and reintroduced over 340 tons of textiles back into the market. Losanje currently works directly with apparel brands, traditional retailers, local authorities, and textile manufacturers to process their inventory.
Co-founder Simon Pyeronnaud emphasized that this funding marks a decisive milestone for the broader industrial upcycling sector, noting that the company’s near-term strategy focuses on processing massive volumes of surplus inventory, particularly within the commercial ready-to-wear market.
“Along with second-hand and recycling, upcycling is consolidating itself as a complementary pillar capable of adding value to enormous existing stocks.” — Simon Pyeronnaud, Co-founder of Losanje
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