Fairphone has successfully raised a major round of investments. The mission-aligned funding comes from lead investor PDENH, impact investor Quadia, existing Fairphone investors DOEN Participaties & PYMWYMIC, and other investors. IMPROVED acted as the exclusive financial advisor to Fairphone in this transaction.
This fundraise took place alongside a recent crowdfunding campaign on Oneplanetcrowd which closed in August 2018, totaling an aggregate €7 million in capital raised. Fairphone also obtained firm commitments for an additional €13 million in debt finance.
These investments, combined with the appointment of Fairphone’s new CEO, Eva Gouwens, will provide the social enterprise with a stable foundation to sustainably scale up its operations, research new products, and business models, while expanding its sales efforts in untapped European markets.
Headquartered in Amsterdam, Fairphone is the first smartphone company in the world to design and develop a modular ethical smartphone. While the assembly of phones often involve complex logistics, production processes and supply chain, Fairphone’s mission is to make a positive impact on how phones are made, used and recycled.
