Fairphone nabs $53M in growth capital for ‘sustainable’ consumer electronics

Fairphone nabs $53M in growth capital for ‘sustainable’ consumer electronics

a year ago
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https://techcrunch.com/2023/01/31/fairphone-growth-capital-raise/

Dutch social enterprise Fairphone, which makes modular and — the claim is — more sustainable and ethical consumer electronics, has nabbed a chunk of funding to continue scaling a circular-economy-aligned smartphone business.

The €49 million (~$53M) “growth capital” investment — from an international consortium of impact investors, led by new shareholders Invest-NL, the ABN AMRO Sustainable Impact Fund and existing investor Quadia via its Regenero Impact Fund — is more than the startup has raised since being founded, back in 2010. (Fairphone had previously raised $40.7M, per Crunchbase — spread across nine funding rounds, drawing on a range of sources from crowdfunding to VC and debt.)