EEDEN Secures Multi-Million Financing for Textile Recycling Innovation
Deal News | May 06, 2025 | Hogan Lovells
EEDEN, a start-up focused on addressing challenges in the textile industry, has secured a significant investment to further develop its chemical recycling technology. This technology is capable of recovering pure cellulose and PET from cotton-polyester blends, enabling the production of virgin-quality fibers. The newly acquired capital will be used to construct a demonstration plant in Münster, optimize processing on a large scale, and establish partnerships within the textile industry. The Forbion BioEconomy Fund, alongside NRW.Venture, co-invested in this venture, focusing on companies that leverage biotechnology. Hogan Lovells provided legal and tax advisement to Forbion throughout the investment process.
Sectors
- Textile Industry
- Biotechnology
- Legal Advisory
Geography
- Germany – EEDEN's demonstration plant will be constructed in Münster, and Hogan Lovells advised Forbion BioEconomy Fund in Germany.
- North Rhine-Westphalia – NRW.Venture, co-investor alongside Forbion, focuses on projects within North Rhine-Westphalia, Germany.
Industry
- Textile Industry – EEDEN is directly involved in the textile industry by developing recycling technology for cotton-polyester blends.
- Biotechnology – The investment by Forbion BioEconomy Fund emphasizes innovation in biotechnology to address environmental challenges, impacting materials and environmental technologies.
- Legal Advisory – Hogan Lovells played a crucial role as a legal advisor in this financial transaction.
Financials
- Multi-million – The financing amount procured by EEDEN for building a demonstration plant and optimizing processes.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EEDEN | Target Company | Company | A start-up developing chemical recycling technology for the textile industry. |
| Forbion BioEconomy Fund | Investor | Company | An investment fund focusing on biotechnology innovations for environmental improvements. |
| NRW.Venture | Co-Investor | Company | Funds innovative companies in future-oriented industries in North Rhine-Westphalia. |
| Hogan Lovells | Legal Advisor | Company | Provided legal and tax advisement to Forbion BioEconomy Fund in the investment. |