# Fairbrics

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

- Industry: Materials
- Headquarters: France
- Website: www.fairbrics.co
- Total disclosed funding: $1.1M
- Latest round: Seed (Sep 3, 2020)
- Investors on record: 2

## About

Based in France, and founded in 2019 by Benoît Illy (CEO), and Tawfiq Nasr Allah (CTO), Fairbrics operates as a material company that provides manufacturing of carbon-negative textile fiber. In January 2023, Fairbrics raised EUR 5 million in venture funding. 

Fairbrics collects carbon dioxide from the air, activates it, and converts it to ethylene glycol, a component of polyester, which is then used to make clothes, allowing fashion brands and their customers to make the world greener for future generations while also getting the latest fashion. Furthermore, the company creates an obstructive proprietary technology platform that converts CO2 emissions into increased polyester fibers, providing environmentally friendly and economically sensible solutions to energy-intensive industries.

The company plans to use the January 2023 funding for additional production and growth.

## Funding rounds

- Seed, Sep 3, 2020, $1.1M — Entrepreneur First, SGH Capital

## Investors

- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- SGH Capital (https://capitalatlas.ai/funds/sgh-capital) — Seed