CDC Studio Srl secures funding from notable investors to enhance its innovative technologies aimed at transforming textile waste into sustainable raw materials.

Target Information

CDC Studio Srl, based in San Miniato, Italy, is a forward-thinking innovation hub dedicated to circular textile solutions. The company is excited to announce the successful closure of a funding round, marking a pivotal moment in its growth and development journey. This funding round included crucial participation from Styleit, an accelerator focused on fashion technology, backed by CDP Venture Capital SGR, Startupbootcamp, GELLIFY, and the Fondazione Social Venture Giordano Dell’Amore. These organizations have shown strong confidence in CDC Studio's proprietary technologies, namely CŌĒO and MIKTÒS.

Industry Overview in Italy

Italy's textile and leather sector is one of the cornerstones of its economy, renowned for quality, craftsmanship, and fashion innovation. However, the industry faces significant challenges, particularly with waste management and sustainability. Currently, only about 1% of textile waste is recycled, underscoring the urgent need for economically viable and circular solutions to manage mixed textile waste. Such a lack of recycling capability is concerning, given the environmental ramifications of textile waste and the increasing pressure from both local and European regulatory frameworks.

The pressing demand for innovation in textile recycling aligns with the overarching environmental goals set by Italy and the European Union. The European Commission has been emphasizing circularity as a vital strategy to combat