Fairphone raises €49 Million to Scale Fairness and Sustainability in the Electronics Industry

Fairphone raises €49 Million to Scale Fairness and Sustainability in the Electronics Industry

Invest-NL, the ABN AMRO Sustainable Impact Fund, and Quadia’s Regenero Impact Fund have joined forces with DALHAP, DOEN Participaties and PDENH to raise €49 million for Fairphone – an innovative Dutch company focused on creating a more sustainable future through fairer electronics.

The investment enables Fairphone to accelerate growth and scale impact while pursuing its impact-driven mission towards fairer electronics. Furthermore, it is used for the settlement of existing loans and partial exit of current shareholders, including PYMWYMIC and over 1000 crowdfunders.

“Over the past years, Fairphone has been able to transform from a social movement to an impactful mission-driven company. I would like to thank all shareholders who have supported us over the years.

With a growing base of mission-aligned investors, we will further raise awareness for fairer electronics and accelerate the growth of our company and impact.”

– Eva Gouwens, Fairphone CEO

Funding Fairphone to accelerate growth, product development and impact

The investment will also help establish mining value chain programs & fair wage initiatives across developing regions of Africa, South America & Asia while also aiding product development & improved customer service for optimized user experience with longer product life cycle.

“Fairphone is a frontrunner in the sustainable electronics industry. The company has proven it can develop high-quality modular and fair smartphones in most competitive markets.

Consumers love the Fairphone for impact and quality alike, in line with a growing trend towards conscious consumer behavior. We are proud to support the company in their mission and accelerate Fairphone’s growth to further increase their impact in the industry.”

– Hanna Zwietering from the ABN AMRO Sustainable Impact Fund

A Fairer Electronics Industry

With every phone sold, Fairphone continues to prove that there is demand for ethical electronics in combination with a profitable business model.

Fairphone gains influence in the industry to motivate suppliers and manufacturers to continue to invest in improving working conditions, worker satisfaction and sustainable business practices, as well as providing better opportunities for the communities linked to its supply chain.

“Fairphone perfectly fits in our vision of the sustainable electronics sector, in which we have already supported companies in the refurbished smartphones and home appliances segments.

We look forward to continuing to strengthen the uniqueness of the company and aspire to accelerate Fairphone’s growth while creating value for all stakeholders and safeguarding its long-term mission”

– Josep Segarra, Senior Investment Manager, Quadia

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