EIT RawMaterials supported start-up Fairphone surpasses investment target with €7 million from impact investors

Impact investors and crowdfunders unite to support Fairphone goals The world’s first ethical, modular smartphone This month, one of the EIT RawMaterials supported start-ups Fairphone was able to close a major round of investments totaling €7 million. The mission-aligned funding comes from existing Fairphone investors such as DOEN Participaties and PYMWYMIC, as well as new parties including the impact investors, PDENH, Quadia and the crowd investment of €2,5 million. Additionally, Fairphone received €13 million in debt finance from creditors including the consortium of ABNAMRO and the Dutch Good Growth Fund. […]