Fundraising Fox

Faircraft

Entrepreneur First '21

Paris, FR · Founded 2021 · 12 known investors

Find your way into Faircraft

543 people in our graph share verified history with the Faircraft team — schools, employers, funds. One of them is your warm intro.

Sofia Dahouneunlockedknows Haïkel Balti · together at Lycée Saint Louis (overlapped)
×5knows the team · via Entrepreneur First
×3knows the team · via Université Paris Cité
knows the team · via Sorbonne Université
knows the team · via Centre national de la recherche scientifique
knows the team · via Arts et Métiers - École Nationale Supérieure d'Arts et Métiers

FairCraft develops lab-grown leather produced from cells and proteins through a material discovery platform, offering an animal-free alternative with low environmental impact. The company creates cell-based materials that brands can fine-tune for touch, feel, and transformability properties.

Also known as FairCraft · Faircraft Leather

Founders & leadership

Faircraft was founded in 2021 by Haïkel Balti and Cesar Valencia Gallardo.

HB
Haïkel BaltiinCEO & Co-FounderHaïkel Balti trained as a mechanical engineer and materials scientist, and has closed multimillion-dollar B2B co-development agreements with large corporates, including navigating complex intellectual property arrangements. His earlier roles involved managing product launches end to end across both B2B and B2C markets.
CVCesar Valencia Gallardo
Cesar Valencia GallardoinCTO & Co-FounderCesar Valencia Gallardo spent a decade in academic research, building a cross-disciplinary background in biochemistry, cell biology and materials science that informs faircraft's material design. His expertise includes optimizing the cell-substrate interface, a critical variable in tissue engineering.

Investors · 12

Also in the syndicate · 4

Alliance for ImpactBPICap HornSake Bosch

Company profile

researched Aug 2026

Faircraft is a Paris-based biotechnology company developing lab-grown leather. Rather than a synthetic substitute, the company cultivates material derived from animal skin cells using cellular agriculture and tissue engineering, aiming to replicate the structure, composition, look, feel and durability of conventional animal leather. Its material discovery platform allows the properties of the material — touch and feel, transformability — to be tuned for individual brands, and the company describes its ambition as creating a broader new class of cell-biology-derived materials beyond leather [0][1][4][7].

The company's development and manufacturing laboratories are located at its Paris headquarters at 5 impasse Reille, 75014 Paris. Faircraft has described a proprietary, standardized process designed for scalability and conceived and implemented in-house, protected by two international patents. Technical elements reported by its investor include immortalized cell lines that retain leather performance characteristics at scale, cell culture media, and organic scaffolds that provide a stable environment for the cells within the resulting material. The company also states it is developing modular manufacturing processes that can vary the source animal, grain and finish, including suede [0][4][7].

Faircraft reports environmental advantages over conventional leather of 90% fewer CO2 emissions, 95% less waste and 80% less water consumption. Manufacturing cost is currently above that of traditional leather, and the company states it is on a trajectory toward price parity [4][6][7].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
CO2 emissions reduction vs traditional leatherNov 202490%
Global leather market size (investor estimate)Nov 2024$800B
International patents on production methodNov 20242 patents
Nationalities represented on teamNov 20248
PhD holders on teamNov 20249 people
Team sizeNov 202420 people
Waste reduction vs traditional leatherNov 202495%
Water use reduction vs traditional leatherNov 202480%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

9 people who came through Faircraft went on to found or lead other companies.

Timeline · 3

launches, deals, and filings
Nov 2024
Faircraft raises €15 million ($15.8M) to scale lab-grown leather production

Funding round backed by Kindred Ventures (follow-on), Cap Horn, BPI, Sake Bosch, Entrepreneur First, Alliance for Impact and Heirloom. Proceeds earmarked for scaling production, hiring engineers and biologists, and technology development.

$15.8M source ↗

Nov 2024
Work with luxury brands and master tanners

Faircraft reported working with major luxury brands and relying on master tanners specialising in luxury leather goods to finish its material.

source ↗

Nov 2024
Production of a handbag made entirely from in-vitro leather

Investor Kindred Ventures states Faircraft produced what it describes as the first physical handbag made entirely of in-vitro leather in the cultivated leather industry.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Faircraft do?
Paris biotech growing real leather from animal skin cells via cellular agriculture for luxury goods brands.
Who founded Faircraft?
Faircraft was founded by Haïkel Balti, Cesar Valencia Gallardo in 2021.
Who are Faircraft's investors?
Faircraft's investors include AFI Ventures, Blue Wire Capital, Entrepreneur First, Joyance Partners, Kindred Ventures, Social Starts, CAP HORN VC, Heirloom.
Where is Faircraft headquartered?
Faircraft is headquartered in Paris, FR.