German recycling startup Eeden said Tuesday it has raised a €18 Million ($20.4 million) Series A round to fund construction of a demonstration plant, paving the way to commercialise its textile-to-textile recycling process.
The company is part of a second-wave of recycling innovators hoping to crack the market for a new generation of recycled textiles. While early movers over the last few years have run into technical and commercial challenges, startups and their backers are still betting that a growing glut of clothing waste will create a rich market for those able to bring recycling technologies to commercial scale. Both brands and regulators are paying attention.
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