ROMAINVILLE, FRANCE: EverDye, a pioneering startup founded in 2021 and headed by Philippe Berlan since 2024, has developed a game-changing biosourced dye solution for the textile industry, with a clear mission to dramatically reduce its environmental footprint.
This €15 million Series A round, which was more than twice oversubscribed, was led by Crédit Mutuel Innovation and Daphni. This new financing will empower EverDye to ramp up industrial production and meet the surging textile industry demand. With a current team of around twenty people, EverDye is poised to triple its workforce by 2028, positioning itself as a leader in sustainable textile innovation.
Following a successful €2 million raise in 2022, EverDye today announced the completion of its €15 million financing round led by Crédit Mutuel Innovation and Daphni, with strategic participation of Ring, EIC, 212 Next and historical investors Asterion Ventures and Maki.VC.
“Today, dyeing processes account for nearly half of the textile industry's greenhouse gas emissions, and 20% of global water pollution”, higlights Philippe Berlan, CEO of EverDye. A World Bank study attributes these impacts to the energy-intensive industrial processes and the chemicals and heavy metals they employ.
Entering the fray in 2024, former La Redoute CEO joined EverDye with a clear mission : to spearhead the decarbonization of the textile industry by scaling up this revolutionary process. Amira Erokh, CTO and co- founder of EverDye, elaborates : ”Our bio-sourced pigments, compatible with existing dyeing infrastructures, enable coloration at room temperature, slashing the traditional dyeing process by threefold”.
This new funding round is poised to catapult EverDye from the lab to full-scale industrial production. “We are strategically partnering with key players in the chemical industry to speed-up market penetration with textile brands already engaged in discussions,” Berlan asserts. The company's inaugural capsule collection with American brand AdoreMe, launched last October, has set the stage for ongoing negotiations with several forward-thinking textile brands. “Our solution not only promotes sustainability but also significantly reduces operational costs for manufacturers,” Berlan underscores. “In an era where energy costs are a critical survival factor, EverDye's innovation is a game-changer”.
With a robust pipeline of partnerships and a proven track record, EverDye is well-positioned to disrupt the textile industry, driving both environmental sustainability and financial growth.
"EverDye's groundbreaking technology is set to revolutionize the textile industry. The power of this solution lies in its ability to enable manufacturers to slash operating costs while simultaneously shrinking their environmental", declares Alexis Riou, Investment Director at Crédit Mutuel Innovation. "As a leading mission-driven corporate bank, we prioritize the impact and utility of the companies we invest in. We are thrilled to back EverDye, driving the transformation of the textile industry with more sustainable and profitable solutions", he affirms.
"EverDye embodies the intersection of science and innovation, perfectly aligning with Daphni's investment thesis. By leveraging its robust intellectual property and a manufacturing process compatible with existing infrastructures, EverDye has erected formidable barriers to entry, positioning it for large-scale success and broad appeal to textile brands", concludes Pierre-Eric Leibovici, Partner at Daphni VC.
ABOUT EVERDYE: Everdye is a young French Chemtech company. Amira Erokh, a PhD in materials chemistry, founded the company in 2021 and Philippe Berlan has been heading it since 2024. The company is developing a new textile dyeing process that decarbonises and depollutes the industry. This industry is responsible for almost 5% of global greenhouse gas emissions and 20% of global water pollution. Everdye is based in Romainville and has won numerous greentech awards. These include the ANDAM Innovation Fashion Award 2022, the EIC Accelerator in 2023 and the Bloomberg NEF Pioneers Winner 2025
ABOUT CRÉDIT MUTUEL INNOVATION: Crédit Mutuel Innovation is the specialist venture capital subsidiary of Crédit Mutuel Equity, which has a capital base of €5 billion. It makes equity investments ranging from €1m to €20m in innovative companies in the deeptech, life sciences and digital sectors. Crédit Mutuel Innovation is the key to unlocking your growth potential. Connect with the companies in our ecosystems and watch your business soar. Crédit Mutuel Innovation is committed to becoming a world leader. We invest our own capital on a long-term basis and build long-term relationships with the entrepreneurs we support.
ABOUT DAPHNI: Daphni is a mission-driven venture capital firm. We are B Corp-certified and invest in disruptive technologies and sustainable projects. We have over 70 active holdings, including Back Market, Pasqal, Carbon Maps, Hubcycle, Swile, Moonwatt and Geev. A community of 400 expert investors backs its funds and it relies on Flamel, its proprietary technology platform. Daphni also manages Dastore, a fund dedicated to tech retail in partnership with Carrefour, and at the end of 2024 announced the launch of Time4, a fund dedicated to entrepreneurs from diverse and rural backgrounds. Its Rainbow endowment fund is a key supporter of social inclusion initiatives.
