Sustainable Finance

Matter raises $10 million for microplastic filtration technology

ESG Broadcast Desk· 10 Aug 2023· 1 min read

Microplastic technology company Matter closed a $10 million Series A round to expand its filtration technology for commercial and industrial applications. Indian textile manufacturers and appliance makers may track such solutions as global microfiber-filter mandates, like France's January 2025 washing-machine rule, gain momentum.

Matter, a microplastic technology company, completed a $10 million Series A round to expand its microplastic filtration technology for commercial and industrial use. Microplastics, plastic particles under five millimetres, stem from textile and garment production and use; washing machines release up to 700,000 microplastic fibres per laundry cycle, and an estimated 171 trillion microplastic particles are in oceans. The round was led by S2G Ventures, representing Builders Vision, and SOUNDWaves, with participation from Regeneration.VC and Katapult Ocean's Deep Blue Fund.

The development affects residential and commercial laundry appliance manufacturers, textile brands and manufacturers, plus municipal and industrial water systems. Matter is integrating its technology into appliances and partnering with textile producers to reduce microfiber fragmentation during production. This aligns with forthcoming French legislation mandating microfiber filters in new washing machines by January 2025. CEO Adam Root emphasized partnerships with entities of scale to deploy the technology and expand beyond laundry into industrial-scale applications driving global micropollutant emission reductions.

Indian textile and garment manufacturers, appliance makers and water utilities should monitor tightening microfiber regulations, exemplified by France's January 2025 washing-machine filter mandate, which may foreshadow broader requirements. Brands should track Matter's expansion into industrial and municipal water systems and textile-production filtration. Stakeholders aiming for circular approaches should watch how capturing microplastics before they enter sewage sludge, fertilizer or incineration develops, given the documented 700,000 fibres released per laundry cycle.

Key figure — Microplastic fibres released per laundry cycle: up to 700,000

This content is AI-assisted and reviewed by the ESG Broadcast editorial team. It is for informational purposes only and is not investment or ESG-rating advice. See our Technology & Transparency policy.

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Matter raises $10 million for microplastic filtration technology | ESG Broadcast