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Wireless

Fairphone closes latest funding round with EUR 7 mln

Wednesday 12 December 2018 | 13:53 CET | News
Fairphone, the Dutch producer of a sustainable smartphone, said it has closed a major funding round on 15 November worth EUR 7 million. The company had originally aimed for EUR 5 million. The money includes EUR 2.5 million from its crowdfunding exercise. The round saw cash coming in from existing investors such as Doen Participaties and PYMWYMIC, as well as new parties including impact investors PDENH, and Quadia, plus the crowdfunding. Fairphone also received EUR 13 million in debt finance from creditors including the consortium of ABN AMRO and the Dutch Good Growth Fund.

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Categories: Mobile & Wireless
Companies: ABN AMRO / Fairphone
Countries: Netherlands / World
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