Fairmat, a Paris, France-based sustainable deep tech company creating a sustainable future for carbon fiber composite, raised €34M in Series A funding.
The round was co-led by Temasek and CNP, with participation from Pictet Group, Singular, The Friedkin Group International, and Danone CEO Antoine de Saint-Affrique.
The company intends to use the funds to accelerate the deployment of its robotized industrial capabilities, including the ramp up of its newly inaugurated automated sorting plant, the expansion into new markets, and the enter into new verticals with its sustainability solutions.
Founded by Benjamin Saada, Fairmat is a deep tech company that works to provide new solutions for the recycling of carbon fiber-based composites. With 3,8kg of CO2e per kilo of material produced, Fairmat Quest, its baseline product, is a sustainable material available for the circular economy.