Sorainen has advised Fairown on a EUR 3 million capital raising from investors including the Commerzbank Group, Gateway Ventures, and Stihl Digital and on structuring its business model.
According to Sorainen, Fairown is a fintech company "that allows banks, brands, retailers, residual value providers, and end-customers to participate in the circular economy centered around producing, consuming, and reusing products, thereby reducing excessive waste and the need for raw materials by extending the lifetime value of the products."
"Fairown currently operates in eight countries in Baltics, Nordics, and Poland, and expansion into Germany and the UK is in progress. The company has grown its end-subscriber base to around 60,000 within the past two years and anticipates growing it to around 800,000-plus subscribers within the next four years," the firm informed.
Sorainen’s team included Counsel Hetti Lump.
Sorainen did not respond to our inquiry on the matter.
