Chainable receives seed investment by Fair Capital and ifund
Chainable has developed a circular kitchen model, aimed at reducing the massive amount of waste in the kitchen industry. The €1.4m investment by Fair Capital Impact Fund and ifund enables Chainable to further grow its operation.
The company was founded with a clear mission: to create a world without waste. By developing a circular kitchen model, Chainable aims to close material loops and minimize human impact on ecosystems. This concept represents a groundbreaking innovation in the kitchen industry. Currently, 40.000 tons of kitchen parts are discarded and often incinerated each year, due to kitchens not being build for refurbishment and reusage. As the construction sector must become fully circular by 2050 according to new European regulations, innovations like Chainable kitchens are necessary to say the least.
But what makes Chainable kitchens circular? They consist of a steel frame, onto which all kitchen panels can be easily mounted using a specifically designed assembling system. What makes this system unique is not only that it reduces the amount of used materials significantly, but also that each kitchen component can be replaced, refurbished, and reused. Chainable keeps track of each of these components through a ‘materials passport’ – as founders Simon Rombouts and Jordy van Osch explain – , ensuring transparency and efficiency throughout the process.
Ifund is pleased to have invested in Chainable in September 2023, alongside Fair Capital Impact Fund. The funding will be used to further scale Chainable’s operations and prepare it to compete with traditional kitchen producers. We want to support Chainable in creating a circular society, one kitchen at a time. For more information, see the press release (in Dutch).
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