About FairCraft
FairCraft is a company based in Paris (France) founded in 2021 by Cesar Valencia Gallardo and Haikel Balti.. FairCraft has raised $20.44 million across 2 funding rounds from investors including Caphorn, Bpifrance and Entrepreneur First. FairCraft offers products and services including Lab-Grown Leather and Material Discovery Platform. FairCraft operates in a competitive market with competitors including MycoWorks and Fairbrics, among others.
- Headquarter Paris, France
- Founders Cesar Valencia Gallardo, Haikel Balti
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Sectors
RetailChemicals & Materials
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20.44 M (USD)
in 2 rounds
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Latest Funding Round
$15.84 M (USD), Series A
Nov 21, 2024
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Investors
Caphorn
& 7 more
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Employee Count
Employee Count
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Products & Services of FairCraft
FairCraft offers a comprehensive portfolio of products and services, including Lab-Grown Leather and Material Discovery Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Real leather produced in a lab using cell biology for fashion use.
Platform for fine-tuning sustainable materials for brand collaborations.
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Funding Insights of FairCraft
FairCraft has successfully raised a total of $20.44M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15.84 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $15.8M
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First Round
First Round
(11 Jul 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series A - FairCraft | Valuation | Entrepreneur First , Blue Wire Capital | |
| Jul, 2022 | Amount | Series A - FairCraft | Valuation | Entrepreneur First |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FairCraft
FairCraft has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Caphorn, Bpifrance and Entrepreneur First. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of a program turning individuals into funded technology company founders
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Founded Year | Domain | Location | |
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Tech & offline focused VC firm investing in seed & early stage companies in the UK & US
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Founded Year | Domain | Location | |
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Seed-stage investments in multiple sectors are made by Kindred Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FairCraft
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FairCraft
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Faircraft Comparisons
Competitors of FairCraft
FairCraft operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MycoWorks and Fairbrics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Bio-based materials from mycelium are manufactured as sustainable leather alternatives.
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| domain | founded_year | HQ Location |
Synthetic textiles and packaging are developed from recycled CO2 emissions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about FairCraft
When was FairCraft founded?
FairCraft was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is FairCraft located?
FairCraft is headquartered in Paris, France.
Who is the current CEO of FairCraft?
Haikel Balti is the current CEO of FairCraft. They have also founded this company.
Is FairCraft a funded company?
FairCraft is a funded company, having raised a total of $20.44M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.6M, raised on Jul 11, 2022.
What does FairCraft do?
FairCraft was founded in 2021 in Paris, France, focusing on the sustainable materials sector. Leather-like products are created through cell biology processes, offering similar tactile qualities and versatility to traditional leather but with reduced environmental effects. These materials are produced for applications in fashion and related industries. Customization options are provided to align with specific brand needs. Operations emphasize high-quality, eco-friendly alternatives to animal-derived leathers.
Who are the top competitors of FairCraft?
What products or services does FairCraft offer?
FairCraft offers Lab-Grown Leather and Material Discovery Platform.
Who are FairCraft's investors?
FairCraft has 8 investors. Key investors include Caphorn, Bpifrance, Entrepreneur First, Blue Wire Capital, and Kindred Ventures.