Fairmat raises an additional €10 million to expand into new vertical markets

Circular Plastics Fund is a €175 million Luxembourg fund managed from Rotterdam that supports companies deploying disruptive technologies to recycle complex materials and reduce global dependence on virgin resources. It invests in companies in various countries, including the United States, Canada, Switzerland, the United Kingdom, Luxembourg, the Netherlands, Germany and now France, as Fairmat is the fund’s first investment in a French company. However, the fund plans to include more French companies in 2026 in a more internationally focused fund.

Jeroen Kelder, Managing Partner at Infinity Recycling, said: “Our investment in Fairmat demonstrates our conviction that sustainable materials represent the future of industry, and our enthusiasm for the company’s business model. With its groundbreaking technology, Fairmat is addressing one of the biggest environmental challenges, composite waste, while creating high value-added recycled products. This investment – our first in France, a country with an ambitious industrial policy – demonstrates our commitment to fostering the transition towards a more sustainable industry and to support Fairmat’s ambition to establish itself as a global leader in sustainable materials through advanced robotics, artificial intelligence, and recycling technologies.”

Already significant production capacity

Fairmat did not wait for this fundraising to get started and increase its production. The company produces between 6,000 and 10,000 m² of circular composites every month. At its factories in France and the United States, Fairmat’s activities rely heavily on AI, robotics, software and machine learning, a strategic approach that enables the company to reduce costs, improve material quality and make sustainable materials more competitive.

Benjamin Saada, founder and CEO of Fairmat, says: “We started production earlier than planned this year, proof of the strength of our industrial model. Perfect timing to fulfill customer orders. The arrival of Infinity Recycling, a leading European investor in circularity, allows us to accelerate even further. This step confirms that France remains a key and fertile market for industrial and environmental innovation. Together with them, we are laying the foundations for a high-performing and competitive European circular industry.”