Fairmat funding news – Paris-based Fairmat Secures €51.5 Million in Series B Round Funding

This is Fairmat's third funding round, following an €8.6 million Seed round in September 2021 and a €34 million Series A in November 2022.

The latest investment was led by Bpifrance’s Large Venture fund and Slate VC, with support from Cape Capital and existing investors like Singular, Temasek, CNP, and Pictet Group.

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Founded in 2020 by Benjamin Saada, Fairmat tackles the global problem of rising waste and the shortage of high-performance materials. Using advanced technology, the company not only recycles carbon composites but also creates a fully circular process, transforming traditional manufacturing.

Fairmat operates advanced "FairFactories" in France and the US. These automated plants use sensors, robotics, AI, and machine learning to improve production, reduce waste, and scale manufacturing efficiently.

The company has developed a patented cold recycling technology called Infinity Recycling, which allows carbon fibers to be reused almost indefinitely.

Fairmat now processes 2,900 tonnes of material per year—a 100% increase from the previous year—and has secured €50 million in annual contracted revenue, showing strong market demand.

The sports industry has been a key market, with top outdoor, running, and racquet sports brands using Fairmat’s materials for both performance and sustainability. Building on this success, the company is expanding into mobility, electronics, and energy.

Fairmat is also growing its product range with Fairply, an innovative composite that balances performance, affordability, and sustainability. In just six months, Fairply made up 50% of the company’s order book.

According to Benjamin Saada, founder and CEO of Fairmat, materials are at the core of every industrial process. “Disrupting this space means having massive impact — for both the planet and the consumer. In just 3 years, we’ve received exceptional market validation from major European and American companies in the sports industry. With this fundraising, we now have everything we need to execute our vision: scale delivery, expand globally, and build the world’s first circular supply chain.”

Clément Buyse, Founding Partner, Slate VC shared: “Fairmat has industrialised an innovative, competitive, and sustainable solution in record time. With recognition from both European and US clients, the company is now poised for rapid growth. We’re proud to join forces with this exceptional team.”

Maïlys Ferrere, Director of Bpifrance’s Large Venture Fund shared: “With its highly innovative carbon fibre recycling process, Fairmat is on the path to achieving the first fully circular loop for this material. We’re proud to support the company in this next phase of industrial acceleration and global growth.”

About Fairmat

Fairmat aims to create a sustainable system where valuable materials are reused instead of ending up in landfills, making them a key part of product design.