FabricAID
Latest round
- Seed
Last raised
- Jan 2022
Total raised
- $1.6M
Investors
- 2
About FabricAID
Founded in 2017 and based in Beirut, Lebanon, FabricAID operates as a social enterprise and second-hand clothing collector that offers used shoes, accessories, and clothes for the apparel industry. Hussam Hanouni is the founder of the company. The company collects second-hand clothes from non-governmental organizations, academic institutions, and businesses. The collected clothes are divided into 3 main categories: The first category includes socks, underwear, damages, and over consumed clothes which are sold to recycling companies abroad to be turned into raw materials used by clothes manufacturers. The second category includes casual clothing, and these items are sold at competitive prices to second-hand shops which are usually located in poor neighborhoods and refugee camps. The third category includes high-quality clothes that aren’t usually demanded by second-hand shops, and these items are modified to fit the modern trend by renowned fashion designers and are sold through its mobile application, retailing events, and boutiques. The enterprise also provides a digital platform that allows its users to set up and pick up locations, and track the collection unit. FabricAID's brands include Souk l Khlanj, Second Base, FabricBASE, and Souk Okaz.
Who invested in FabricAID
2 investors across 1 round
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Funding rounds
Seed
Jan 10, 2022
Amount
$1.6M
Investors
Questions about FabricAID
Who invested in FabricAID?
FabricAID has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has FabricAID raised?
FabricAID has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did FabricAID last raise money?
FabricAID's most recent round on record is a Seed, in Jan 2022.
What does FabricAID do?
Founded in 2017 and based in Beirut, Lebanon, FabricAID operates as a social enterprise and second-hand clothing collector that offers used shoes, accessories, and clothes for the apparel industry.
Where is FabricAID headquartered?
FabricAID is headquartered in Beirut, Lebanon.
Which VCs invest in companies like FabricAID?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back retail companies at FabricAID's stage. Their profiles are linked below.
VCs backing retail startups at Seed
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