Fairglow raises 3 million EUR seed round to decarbonize the beauty supply chain
France based sustainability data startup Fairglow has secured 3 million EUR in seed funding to accelerate the environmental transition of the beauty and health sectors. The round was co-led by Ternel and SWEN Capital Partners with additional participation from Kima Ventures. This investment represents approximately 3.5 million USD.
Founded by Quentin Carayon, Evan Peters, and Jason Melbourne, Fairglow provides a SaaS platform designed to help cosmetic and health companies measure, report, and reduce their environmental footprint. The platform integrates life cycle assessment, carbon accounting, and eco-design tools to provide actionable data for brands, laboratories, and suppliers.
The company plans to use the new capital to commercialize its software platform and expand its sector database. Furthermore, Fairglow intends to enhance its environmental modeling engine with AI-based data reconstruction capabilities. The funds will also support the deployment of Digital Product Passports to meet upcoming European regulatory requirements while facilitating the startup's commercial expansion across the European market.
France based sustainability data startup Fairglow has secured 3 million EUR in seed funding to accelerate the environmental transition of the beauty and health sectors. The round was co-led by Ternel and SWEN Capital Partners with additional participation from Kima Ventures. This investment represents approximately 3.5 million USD.
Founded by Quentin Carayon, Evan Peters, and Jason Melbourne, Fairglow provides a SaaS platform designed to help cosmetic and health companies measure, report, and reduce their environmental footprint. The platform integrates life cycle assessment, carbon accounting, and eco-design tools to provide actionable data for brands, laboratories, and suppliers.
The company plans to use the new capital to commercialize its software platform and expand its sector database. Furthermore, Fairglow intends to enhance its environmental modeling engine with AI-based data reconstruction capabilities. The funds will also support the deployment of Digital Product Passports to meet upcoming European regulatory requirements while facilitating the startup's commercial expansion across the European market.