Jaeklin Secures Investment from Daedeok Venture Partners

"Strengthening Leadership in the Eco-friendly Textile Recycling Market"

Climate tech startup Jeclin announced on the 3rd that it has secured Series A investment from Daedeok Venture Partners, a venture capital (VC) specializing in technology commercialization company investments.

Founded in 2017, Jeclin is a climate tech startup addressing the issue of textile waste generated by the fashion industry through eco-friendly care, recycling, supply, and certification services for textile products. Focusing on the environmental problem that most of the 6,600 tons of bedding and clothing waste discarded in Jeju Island are incinerated or dumped, Jeclin has developed an upcycling solution that supplies cotton-based raw materials through partnerships with famous hotels and resorts and transforms these raw materials into recycled yarns and recycled fabrics.

Jaeklin Cha Seung-su, CEO (center), Kim Seong-ha, Partner at Daedeok Venture Partners (left), and Lee Byung-seon, Director of Jeju Center for Creative Economy and Innovation, are posing for a commemorative photo.

With this investment, Jeclin plans to accelerate the establishment of its recycled textile platform service. Recently, following its selection for a support project by the Korea Institute of Design Promotion (KIDP), Jeclin has also begun developing a sustainable clothing recycling business that connects the collection, compensation, and recycling of used garments into one system. The company will not only establish a stable supply structure for high-quality recycled raw materials but also expand application products based on recycled yarns and prepare for full-scale branding. Additionally, to maximize business efficiency and profitability, Jeclin is hastening the expansion of its operations to inland areas and actively exploring entry into the South American market through strategic partnerships.

Cha Seung-su, CEO of Jeclin, stated, “This investment will be an important opportunity to further strengthen and advance Jeclin’s technology related to recycled raw materials and the competitiveness of recycled textile products, solidifying our leadership in the eco-friendly textile recycling market. We will firmly establish a system that connects the entire process from the current collection of used bedding to future used clothing collection and recycling, and by fully launching a recycled textile platform service based on ICT technology, we aim to grow into a company that leads innovation in the circular resource-based textile recycling service market.”

This content was produced with the assistance of AI translation services.