FAIRMAT announces 34M Series A round to make it easier and more sustainable to recycle advanced material

• Paris-based sustainability deep tech startup, Fairmat, has completed a 34M Series A round, co-led by Temasek and CNP, with participation from Pictet Group, Singular, The Friedkin Group International, and other partners.
• With this investment, Fairmat aims to become a key player in the circular economy, taking a tech evolutionary leap in the recycling of advanced materials.
• The company's plans for the funds include accelerating the deployment of its robotized industrial capabilities to recycle carbon-fiber composites, expanding internationally, and entering new verticals with its sustainability solutions.

PARIS, Nov. 21, 2022 /PRNewswire/ --Fairmat, the Paris-based sustainable deep tech start-up pioneering the recycling of advanced materials, announced today that it has completed its Series A funding round at a total of 34M, one of the largest Series A rounds for a deep tech startup in both France and Europe as a whole this year.

This oversubscribed financing operation was co-led by Singapore investment company, Temasek and the Belgian group Compagnie Nationale Portefeuille (CNP/Groupe Frre), and with participation from a group of investors including original seed funding VC Singular, Swiss-based wealth and asset managers, Pictet Group, and The Friedkin Group International, the London-based investment arm of an American consortium of automotive, hospitality, entertainment, sports and adventure companies. Prominent business angels like Danone CEO Antoine de Saint-Affrique, other CEOs and founders of successful tech startups also joined in this round.