Fairly Made completes funding round worth €15 million

Three years after a €5 million funding round with ETF Partners and the Frenchfounders investor network, French company Fairly Made, which has developed a solution for measuring the environmental impact of products, has completed a new funding round.

This time, Fairly Made has raised €15 million, with BNP Paribas Solar Impulse Venture Fund, GET Fund, ETF Partners and Frenchfounders. Fairly Made was founded in 2018 by Camille Le Gal and Laure Betsch. It now has 80 employees and says it is working with about 100 consumer brands. The funding round was designed to accelerate Fairly Made’s international expansion, following the opening of an office in Milan in 2024.

“After six years of constant growth, our international expansion plan reflects our goal of becoming a world leader in sustainable fashion,” said Le Gal. “We are proud of supporting brands from all over the world in their transition to greater transparency and accountability,” she added. Investor interest is linked to changing regulation with regards to the composition of textile products. New methodologies are emerging in France and the rest of Europe, and service providers working alongside brands on these issues are directly involved. Fairly Made has developed supply chain analysis solutions enabling its clients to collect information from their suppliers at various levels, and is also keen to focus on eco-design.

“What used to be a simple [competitive] advantage is now a necessity: ensuring supply chain visibility is a crucial first step in adopting sustainable practices,” said Laura Wirsztel, partner at the BNP Paribas Solar Impulse Venture Fund, which invests in companies based in Europe and the US that specialise in energy transition, mobility, biodiversity, sustainable agriculture and food, and the circular economy. Fairly Made is already a key player in the industry, relying on its innovative SaaS platform to deliver transparency and traceability at scale, while its new eco-design module responds to the growing demand for concrete change in the sector. Led by a visionary team, Fairly Made has earned the trust of many prestigious clients. “Thanks to this funding round, we are excited to be supporting [Fairly Made’s] global expansion and continued impact in creating a more sustainable future,” said Wirsztel.

Fairly Made is based in Paris and its clients include luxury houses, premium brands and fashion retail players. Last year, it reported a revenue of over €15 million.