German textile recycling startup eeden raises €18M
Summary
Ventures, the early-stage investment arm of the family office of Dieter Schwarz, also participated.The textile industry faces challenges such as cost increases, limited resources, material fluctuations, and regulatory changes. In response, brands and manufacturers are seeking textile materials that offer performance, scalability, and circular use at competitive prices. These can be used to produce lyocell, viscose, and polyester fibres, providing an alternative to conventional materials and supporting circular production systems.Steffen Gerlach, CEO and co-founder of eeden, says, Over the past few years, we have developed a proven solution that has the potential to meet the industrys long-term need for cost-efficient and high-performing circular materials.We are proud that our new and existing investors believe in our approach and share our vision. eedens technology offers a solution that can process blended textile materials, aligning with these upcoming requirements.eeden will build a demonstration facility in M\xfcnster, Germany, following the validation of its pilot plant with industry partners. The funding will also support the company in improving large-scale processing and launching commercial projects with textile industry partners.Alex Hoffmann, General Partner at Forbion, says, eeden has developed a pioneering solution that can make large-scale textile recycling not only technologically feasible, but also commercially viable in the near future.We see tremendous potential in their approach and are excited to support the team as they bring this breakthrough technology to industrial scale.
Funding
Review available funding amount, funding date, investors, and linked company information related to German textile recycling startup eeden raises €18M in the interactive ISVWorld profile.