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Seven months after raising €51.5 million and confirming strong commercial appeal in France and the U.S.,  (Paris, France) has raised an additional €10 million in equity from the Circular Plastics Fund, managed by (Rotterdam, Netherlands), a European investor in the transition to a circular economy. This transaction will not only strengthen Fairmat’s international momentum but will also serve to further intensify its pace of development in new market verticals. It marks the fund’s first investment in a French company.

Circular Plastics Fund, a €175 million Luxembourg fund managed from Rotterdam, has companies in its portfolio from the U.S., Canada, Switzerland, the U.K., Luxembourg, the Netherlands, France and Germany (nine investments and eight countries). The fund backs companies deploying disruptive technologies to recycle complex materials and reduce global dependence on virgin resources.

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“Fairmat is addressing one of the biggest environmental challenges — composites waste — while creating high value-added recycled products,” notes Jeroen Kelder, managing partner at Infinity Recycling. “This investment — our first in France, a country with an ambitious industrial policy — demonstrates our commitment to fostering the transition toward a more sustainable industry and to support Fairmat’s ambitions.”

Since its last fundraising round, Fairmat has launched production much earlier than expected, with a ramp-up of between 6,000 and 10,000 square meters of materials produced each month — the equivalent of three football fields. This acceleration confirms the company’s industrial expertise, which deploys a recycling approach that combines AI, robotics and circularity on a large scale, further reducing cost, improving material quality and enhancing competitiveness. 

In a very tense global context, France is establishing itself as an attractive ecosystem for international investors (read “Fairmat and the rise of deep tech in France”). For Infinity Recycling, investing in Fairmat also means betting on a team of excellence, a global market worth several hundred billion euros, and a rare capacity for execution. The fund intends to attract more French investors to its second, more globally focused fund scheduled for 2026.

What’s next? Fairmat continues to expand its industrial and commercial footprint with mass production at its two plants in France and the U.S., and to roll out its Infinity Recycling process to achieve total circularity by 2027. With this global circular supply chain for materials, Fairmat is bringing a new generation of materials to the mobility, sports, construction and energy sectors, among others.