# FabricAID

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fabricaid

- Industry: Retail
- Headquarters: Beirut, Lebanon
- Website: www.fabricaid.me
- Total disclosed funding: $1.6M
- Latest round: Seed (Jan 10, 2022)
- Investors on record: 2

## About

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. In January 2022, FabricAID raised USD 1.6 million in Seed funding led by Wamda Capital and Alfanar, valuing the firm at USD 5 million pre-money.

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.

The organization plans to use the January 2022 funding to expand its operations in Jordan, and launch its vision of providing clothing for everyone in need in a dignified, sustainable, and environmentally conscious manner.

## Funding rounds

- Seed, Jan 10, 2022, $1.6M — Alfanar, Wamda Capital

## Investors

- Alfanar — Seed
- Wamda Capital (https://capitalatlas.ai/funds/wamda-capital) — Seed