Post by Asterion Ventures

Portfolio news: EverDye raises €15M Series A to reinvent textile dyeing at scale When we invested at seed in 2022, Everdye was still a lab project. Today, it’s a breakthrough solution already adopted by brands like Adore Me (Victoria’s Secret), Petit Bateau, and Kiabi - and tested at scale by leading dye houses. Their promise? Dyeing that performs just as well as traditional methods, without the environmental damage. Less water, less energy, no changes to industrial equipment, and zero extra cost for brands. In short: massive impact, no friction. That’s Everdye’s genius: turning regulation into a competitive edge for the industry. Textile dyeing accounts for 20% of global water pollution and over half the sector’s GHG emissions. Until now, no alternative had been credible, scalable, and economically viable. In just two years, the team has delivered: → Commercial-grade pigments → Tech compatible with existing infrastructure → An industrial model ready to scale And above all, a team that executes — led by Philippe Berlan and Amira Erokh, the brilliant chemist behind the patent. What’s next? Expanding the color range, tackling new fibers like polyester, and reducing costs even further to compete head-on with petrochemical pigments by 2026. We’re proud to continue backing Everdye in this Series A, led by Crédit Mutuel Innovation and daphni, as they work to become the new global standard in textile dyeing.