Fairbrics is a technology company.
Fairbrics has raised $7.0M across 1 funding round.
Fairbrics has raised $7.0M in total across 1 funding round.
Fairbrics has raised $7.0M in total across 1 funding round.
Fairbrics's investors include AP Ventures, Entrepreneur First, foobar.vc, Lowercarbon Capital, Prime Ventures, Progression Fund, The Engine.
Fairbrics is a French sustainable chemical technology company founded in 2019 that converts waste CO2 into polyester fibers for textiles, reducing reliance on fossil fuels and enabling circular manufacturing.[2][3][4] It serves fashion brands like H&M, Aigle, and ON by providing carbon-negative PET materials, solving the textile industry's high emissions problem—polyester production traditionally contributes significantly to global CO2 output—while targeting chemical, fashion, and packaging sectors.[1][4][5] With €23.7M in total funding, including a recent €22M round, Fairbrics is scaling via a pilot plant in Antwerp's NextGen District and BlueChem incubator, showing strong growth momentum through partnerships and AWS-powered simulations that cut costs and accelerate R&D.[3][5]
Fairbrics emerged in 2019 from a Paris startup program called Entrepreneur First, where materials expert Mathilde Bousquainaud met scientist Tawfiq Nasr Allah, whose idea to transform CO2 into polyester sparked the venture—the name blends "fabrics" and "fair."[1][2] Bousquainaud, a materials specialist, and Nasr Allah, a chemist with a PhD, complemented each other, leading to five years of lab refinement by a team now including two PhDs, engineers, and business pros.[1][2] Early traction came from aligning with circular economy hubs; pivotal moves include joining CO2 Value Europe, securing agreements with major fashion brands, and expanding to Antwerp for its chemical cluster and sustainability infrastructure, marking the shift from lab to pilot-scale production.[1][4]
Fairbrics rides the circular economy and decarbonization wave in textiles, a sector responsible for ~10% of global emissions, where regulations like EU carbon border taxes and consumer demand for sustainable fashion amplify urgency.[1][4] Timing is ideal amid rising CCU adoption and chemical cluster hubs like Antwerp's NextGen District, which facilitate waste-to-value chains amid net-zero goals.[1] Market forces favoring it include polyester's dominance (over 50% of fibers), fossil fuel volatility, and investments in green chemistry; Fairbrics influences the ecosystem by proving CO2 upcycling viability, inspiring value chain adaptations, and partnering with brands/chemical firms to normalize carbon-negative materials.[2][3][4]
Fairbrics is poised to commercialize via its Antwerp demo plant, targeting full-scale sustainable PET production in years ahead, fueled by recent €22M funding and AWS efficiencies.[3][5] Trends like stricter emissions rules, CCU scaling, and fashion's sustainability mandates will propel it, potentially expanding to packaging and beyond. Its influence may evolve from innovator to ecosystem shaper, pressuring incumbents toward circularity—transforming CO2 waste, once a liability, into the textile industry's green lifeline, as envisioned from that Paris startup spark.[1][2][4]
Fairbrics has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in March 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2022 | $7.0M Seed | AP Ventures, Entrepreneur First, foobar.vc, Lowercarbon Capital, Prime Ventures, Progression Fund, The Engine |