Fairmat secures €51.5 million in Series B funding to accelerate the industrialization of its next-generation recyclable carbon composite materials and expand internationally.
Target Information
Fairmat is a pioneering company in the recycling of carbon composites, reimagining the materials industry by disrupting traditional industrial processes and offering advanced materials that combine high performance, competitiveness, and sustainability. By utilizing waste materials to create fully recyclable products, Fairmat delivers exceptional strength at a competitive cost while significantly reducing carbon footprints without incurring ecological costs.
A key player in the circular economy, Fairmat has made significant inroads in the sports market and is now accelerating its expansion into sectors such as mobility, electronics, and energy.
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Industry Overview in France
The global demand for sustainable materials is surging, projected to grow from USD 355.3 billion in 2024 to USD 692 billion by 2033, with a compound annual growth rate (CAGR) of 7.7%. This surge is driven by industries seeking high-performi
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Disclosed details
Transaction Size: $54M
Revenue: $54M