Fairphone, an Amsterdam, the Netherlands-based maker of modular smartphones, raised 6.5m in funding.
Backers included Pymwymic Impact Investing Cooperative and Doen Participaties.
The company intends to use the funds to scale up production volumes, and expand its European distribution network.
Founded by CEO Bas van Abel and also led by managing director Eva Gouwens, Fairphone is a social enterprise that is producing a smartphone to inspire the industry to change by making a positive impact across the value chain focusing on long-lasting design, fairer materials, good working conditions and reuse and recycling.
The company’s flagship device – the modular Fairphone 2 – has a repairability score of 10/10 from iFixit and has introduced new cameras modules which owners can upgrade themselves.
FinSMEs
26/09/2017