CDC Studio Secures €380k for Textile Recycling Innovation
Deal News | Feb 03, 2025 | CDP Venture Capital
CDC Studio has successfully closed a funding round worth €380,000 to develop patented technologies aimed at converting textile waste into new recyclable raw materials. This strategic investment is funded by CDP Venture Capital, a firm dedicated to fostering innovation and sustainability in various industries. The round signifies a significant step towards pioneering advanced recycling solutions in the textile sector, allowing CDC Studio to continue innovating and scaling its operations to enhance the circular economy.
Sectors
- Recycling and Waste Management
- Venture Capital
- Textile and Apparel
Geography
- Italy – CDP Venture Capital and CDC Studio are both based in Italy, and the funding round discussed in the article is taking place within this geographic context.
Industry
- Recycling and Waste Management – The article focuses on CDC Studio's innovative technologies in recycling textile waste, highlighting advancements in recycling and waste management.
- Venture Capital – The involvement of CDP Venture Capital in funding CDC Studio showcases the role of venture capital in supporting innovative startups.
- Textile and Apparel – The article is centered around innovations in the textile industry, specifically regarding the recycling of textile materials.
Financials
- €380,000 – The amount raised by CDC Studio for the development of their textile recycling technology.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CDC Studio | Target company | Company | A company developing innovative technologies for recycling textile waste into new raw materials. |
| CDP Venture Capital | Investor | PE Firm | A venture capital firm investing in startups and innovative projects, focused on advancing technology and sustainability. |