About FairCraft
FairCraft is a Retail company based in Paris (France) founded in 2021 by Cesar Valencia Gallardo and Haikel Balti. Lab-grown leather alternatives are developed using cell biology techniques. It operates in the Retail and Chemicals & Materials sectors. FairCraft has raised $20.44 million across 2 funding rounds from investors including Caphorn, Bpifrance and Entrepreneur First. Its chief executive, as recorded, is Haikel Balti. FairCraft offers products and services including Lab-Grown Leather and Material Discovery Platform. Its focus areas include Consumer, Fashion Tech, Innovative Materials and Sustainable Fabrics.
Company details
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.
- Headquarters Paris, France
- Founders Cesar Valencia Gallardo, Haikel Balti
- SectorsRetailChemicals & Materials
- Website faircraft.bio
- Social LinkedIn X
- Total Equity Funding$20.44M (USD)
in 2 rounds
- Latest Funding Round$15.84M (USD), Series A
Nov 2024
- InvestorsCaphorn
& 7 more
Products & Services of FairCraft
FairCraft offers a comprehensive portfolio of products and services, including Lab-Grown Leather and Material Discovery Platform.
Real leather produced in a lab using cell biology for fashion use.
Platform for fine-tuning sustainable materials for brand collaborations.
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 $20.44M
- Total Rounds 2
- Last Round Series A — $15.84M
- First Round $4.6M
(Jul 2022)
- Investors Count 8
All 2 funding rounds of FairCraft with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2024 | $15.84M | Series A | – | Entrepreneur First, Blue Wire Capital | |
| Jul 2022 | $4.6M | Series A | – | Entrepreneur First | – |
8 investors in total: 7 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of a program turning individuals into funded technology company founders | joinef.com | London, United Kingdom | ||
Tech & offline focused VC firm investing in seed & early stage companies in the UK & US | bluewirecapital.com | London, United Kingdom | ||
Seed-stage investments in multiple sectors are made by Kindred Ventures. | kindredventures.com | San Francisco, United States | ||
Venture capital investments are directed toward startups by Caphorn. | 2009 | caphorn.vc | Paris, France | |
| allianceforimpact.com | ||||
Investment portfolios are elevated through niche alternative solutions. | heirloominvesting.com | Wilmington, United States | ||
Corporate consultancy, advisory, and funding services are provided to businesses. | 2012 | bpifrance.com | Maisons Alfort, France | |
SB Sake Bosch | Dutch angel investor in Indian startups, founder of Prime Ventures | unknown_ca9f78ae8c9e46768 |
Investor details for FairCraft
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of FairCraft
9 people are tracked at FairCraft (3 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Cesar Valencia Gallardo | Co-Founder | Leadership |
Haikel Balti | Co-Founder & CEO | Leadership |
Haïkel Balti | CEO & Co-Founder | Leadership |
Elias Al Tawil | Lead Scientist | Team |
Prescillia Forey | Engineer in molecular & cellular biology | Team |
Sumith Kumar | Biochemical Engineer | Team |
Mohsen Naman | Mechatronics Engineer | Team |
Amit Chandra | Responsable Industrialisation | Team |
Sergiy Kyryachenko | Lead Scientist | Team |
Complete people profiles for FairCraft
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of FairCraft
3 dated milestones of FairCraft across 3 years, from founding to its latest funding, stage changes and deals.
- Founded FairCraft is founded.
- Funding First funding round of $4.6M.
- Funding Latest funding round, Series A, of $15.8M.
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Frequently Asked Questions about FairCraft
FairCraft was founded in 2021 and raised its 1st funding round 1 year after it was founded.
FairCraft is headquartered in Paris, France.
Haikel Balti is the CEO of FairCraft, as recorded in our data. They have also founded this 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 2022.
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.
FairCraft offers Lab-Grown Leather and Material Discovery Platform.
FairCraft has 8 investors. Key investors include Caphorn, Bpifrance, Entrepreneur First, Blue Wire Capital, and Kindred Ventures.