Fairbrics SAS has secured over EUR 6.5 million in Pre-Series A funding to enhance its sustainable polyester production efforts, aiming to revolutionize the fashion industry with carbon-neutral fabrics.

Information on the Target

Fairbrics SAS, a pioneering company based in Paris, specializes in developing carbon-neutral fabrics for the fashion industry. Founded in 2019 by Tawfiq Nasr Allah and Benoît Illy, the company focuses on creating sustainable textiles to combat climate change. Fairbrics has recently raised over EUR 6.5 million in Pre-Series A funding, primarily to construct a pilot plant capable of producing over 30 tonnes of polyester annually. This innovative process uses proprietary technology to transform carbon dioxide and green hydrogen into ethylene glycol, a vital raw material for polyester.

The funds raised will also propel Fairbrics’ initiative, Airwear, in partnership with significant consumer brands to integrate their sustainable polyester into marketable fabric collections, thereby promoting environmentally friendly fashion solutions.

Industry Overview in the Target’s Specific Country

The fashion industry in France faces substantial challenges in achieving net-zero carbon emissions, contributing approximately 5% of global anthropogenic carbon dioxide emissions. Synthetic fibres, particularly polyester, which are typically derived fro