Fairbrics Funding Round

1/17/2023

Venture Equity

$23,900,000

Undisclosed

The company intends to use the funds to bring its solution to market. The EU's grant was awarded to a consortium coordinated by Fairbrics that brings together 13 partners from 7 countries throughout Europe, ranging from upstream and process development experts (i.e. engineering design, CO2 capture, chemical reuse, electrolyzer) to final product specialists (i.e. Faurecia for automotive, Les Tissages de Charlieu for textile). To prompt societal impact, the project also includes an educational component and, together with academic partners, it will develop learning and training resources on CO2 valorization for young professionals, university students and lifelong learners.

Private & Independent

Advanced Materials

6 Rue Des Bateliers
Clichy, 92110
FR

Undisclosed

The Fairbrics team is a diverse and collaborative group transforming the conventional way of producing fibers. In 2019, two PHDs, a material scientist and a chemist came together with an optimistic idea that through molecular chemistry, they could change the future of fashion. Fairbrics was born with a vision to fight climate change by developing circular manufacturing process. Incorporating waste CO2 as a feed-stock reduces the reliance on expensive fossil fuels. We are now a talented team of scientists, engineers, and business minded people.