# Fairphone

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fairphone-b-v

- Industry: Consumer Products
- Headquarters: Amsterdam, Netherlands
- Website: www.fairphone.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Aug 31, 2013)
- Investors on record: 1

## About

Based in the Netherlands, Fairphone B.V. is an electronics manufacturer focused on creating sustainable smartphones and other eco-friendly technology products.Fairphone B.V. was founded in 2013 in Amsterdam, Netherlands, by Bas van Abel and Peter Van Der Mark. The company specializes in sustainable electronics, particularly smartphones designed for repairability and longevity. As of January 31, 2023, Fairphone has successfully raised EUR 49.00 mn in its most recent Growth funding round, attracting investors like ABN AMRO and Invest-NL. The company has completed a total of 7 funding deals, with the latest amount matching the total raised.Fairphone is a leading electronics company that specializes in the production of sustainable smartphones, primarily the Fairphone 5. The device is designed to last longer and features environmentally friendly materials, including 100% recycled rare earth elements and 90% recycled plastics, along with Fairtrade gold in its supply chain. Fairphone emphasizes user repairability, allowing customers to replace components like the battery, screen, and USB-C port. In addition to smartphones, Fairphone offers audio accessories, spare parts, and services aimed at reusing and recycling electronic devices.In the most recent year of 2023, Fairphone generated revenue of EUR 59,232,884, while reporting an EBITDA of EUR -15,447,790. The company operates a direct-to-consumer model for sales of its products, including the Fairphone 5 and its accessories, and encourages sustainable practices through its Keep Club rewards program.Fairphone plans to launch new products to enhance its sustainability offerings and expand into new markets, particularly targeting growth in regions within Europe. The recent EUR 49.00 mn funding will support these initiatives, allowing the company to innovate and reach a broader audience. In January 2023, Pymwymic and other investors exited their stake in Fairphone, although financial terms were not disclosed.

## Funding rounds

- Seed, Aug 31, 2013, $0M — Bethnal Green Ventures
- Seed, Jul 1, 2012, $0M — Bethnal Green Ventures

## Investors

- Bethnal Green Ventures (https://capitalatlas.ai/funds/bethnal-green-ventures) — Seed