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 (93) 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. Find out more at www.everdye.fr
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. Find out more at
www.creditmutuel-innovation.eu.
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. Find out more at www.daphni.com
Investors
Crédit Mutuel Innovation ; Alexis Riou, Deep Tech Investment Director
Daphni ; Pierre-Yves Leibovici, associate
Contributors for investors
Arvest Avocats : Benoît Lespinasse
BDO Finance : Sébastien Haas
Contributors for EverDye
Lawyer: Vincent Babin
Advisory: Alpha Capital
