FabricAID
A social enterprise working to establish a socially and environmentally conscious value chain for the apparel industry.
A social enterprise working to establish a socially and environmentally conscious value chain for the apparel industry.
FabricAID is a social enterprise founded in 2017 with the aim of establishing a socially and environmentally conscious value chain for the apparel industry. The company focuses on optimizing the collection, sorting, upcycling, and resale of second-hand clothes through socially conscious and sustainable brands. FabricAID's circular model not only gives a new purpose to unwanted products but also limits the socio-economic and environmental damage of fashion. The company achieves this predominantly by offering decent clothing at extremely affordable prices to marginalized communities through a dignified shopping experience. FabricAID recently received a $300.00K Venture Round investment on 05 March 2024 from investors including Hope Ventures, Mohammed Al AAli, and Alfanar. The startup operates within the Fashion and Retail industries, with a strong focus on sustainability and social impact.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | $300.00K | 3 |
|
05 Mar 2024 |
| Seed Round | $1.60M | 2 |
|
10 Jan 2022 |
| Non Equity Assistance | Unknown | 1 | Amazon Web Services | 29 Sep 2020 |
| Grant | $10.00K | 1 | Sheraa Sharjah | 29 Sep 2020 |
| Pre Seed Round | $500.00K | - | 01 Jan 2019 |
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