Hogan Lovells advises investors on multi-million financing for start-up EEDEN

To address the ongoing challenges of the textile industry, EEDEN has developed a chemical recycling technology that recovers pure cellulose and PET building blocks (monomers) from cotton-polyester blends. Their products can be used to produce virgin-quality lyocell, viscose, and polyester fibers thereby offering a resource-efficient alternative to conventional fibers and unlocking new circular value chains.

With the newly acquired capital, EEDEN intends to build a demonstration plant in Münster, optimize large-scale processing and establish commercial projects with key players in the textile industry.

The Forbion BioEconomy Fund focuses on innovative companies that leverage biotechnology to clean and feed the planet across four sectors, Food, Agriculture, Materials and Environmental Technologies. As a co-investor in North Rhine-Westphalia, the NRW.Venture fund finances innovative companies in attractive future-oriented industries.

Hogan Lovells advised the Forbion BioEconomy Fund on all legal and tax aspects in relation to the investment.

Hogan Lovells team for Forbion BioEconomy Fund

Dr. Christoph Naumann (Partner), Dr. Kilian Pfahl (Senior Associate), Corinna Außner (Associate) (Corporate, Frankfurt / Munich); 

Dr. Falk Loose (Counsel), Dr. Marius Plum (Senior Associate) (Tax, Munich);

Dr. Sabrina Gäbeler (Counsel), Sophia Gottschlich (Senior Associate) (Employment, Frankfurt);

Prof. Dr. Fabian Pfuhl (Counsel), Felix Ackermann (Senior Associate) (Intellectual Property, Frankfurt).