Textile Recycler Eeden Raises EUR 18 million (Copy)

German recycling startup Eeden said earlier today that it had raised a USD 20.4 million in Series A funding to build a demonstration plant thus paving the way to scaling up their textile-to-textile recycling operations.

Whilst the road towards fashion sustainability is paved with one too many failed textile-recycling start-ups, a second wave of companies focused on textile-recycling operations have been sprouting in the last 12 months. Investors, regulators, and other stakeholders are staking millions of dollars on consumers’ never-ending penchant for overconsumption and single-use purchases, and the subsequent need to manage derivative textile waste.

Eeden’s technology allows the company to recycle poly-cotton blends, which are frequently used in the textile industry.

According to the Business of Fashion, “last month, US-based startup Circ raised $25 million from investors including Taranis, a fund owned by oil and gas company Perenco Group. Meanwhile, French engineering firm Technip has laid out ambitions to build its recycling venture, Reju, into a $2 billion business.”

Eeden’s demonstration plant is expected to be fully operational in 2026.