German start-up eeden has completed an €18 million Series A funding round.

The company is developing a technology that recovers pure cellulose and PET monomers from cotton-polyester blends which can be used to produce virgin-quality lyocell, viscose and polyester.

The funding will enable eeden to build a demonstration plant in Münster, optimise large-scale processing and establish commercial projects with key players in the textile industry.

“Over the past few years, we have developed a proven solution that has the potential to meet the industry’s long-term need for cost-efficient and high-performing circular materials,” says eeden CEO and co-founder Steffen Gerlach. “We are proud that our new and existing investors believe in our approach and share our vision. With their support, we are ready to scale our technology and turn textile waste into materials the industry truly needs.”

The round was led by Forbion, a leading venture capital firm based in The Netherlands, through its BioEconomy Fund. Also joining as new investors are Henkel Ventures and NRW.Venture, the venture fund of North Rhine-Westphalia’s development bank.

All existing investors reinvested in the round.

“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,” says Alex Hoffmann, general partner at Forbion. “We see tremendous potential in their approach and are excited to support the team as they bring this breakthrough technology to industrial scale.”

www.eeden.world