Insider Brief
- FibreCoat has raised nearly €20 million in its Series B funding round led by NewSpace Capital and Goose Capital with participation from investors such as Nova Saint-Gobain, 212 NexT, Otto Krahn New Business, Convergent Ventures, and TiE.
- This funding aims to expand FibreCoat’s production capacity and further innovation in coated fiber technology for applications in space, defense, and other industries.
- The company’s advanced materials address critical needs in industries requiring lightweight and durable solutions. In space and defense, applications range from radiation and EMI shielding to temperature resistance.
FibreCoat, a Germany-based materials technology company, has raised nearly €20 million in its Series B funding round. Led by NewSpace Capital and Goose Capital, the round included participation from investors such as Nova Saint-Gobain, 212 NexT, Otto Krahn New Business, Convergent Ventures, and TiE. This funding aims to expand FibreCoat’s production capacity and further innovation in coated fiber technology for applications in space, defense, and other industries.
FibreCoat, founded in 2020 but rooted in research dating back to 2014, specializes in coating metals and plastics onto fibers during the spinning process. This approach combines the properties of fibers and coatings, resulting in lightweight, cost-effective materials with high strength, conductivity, and recyclability. The company’s innovations stem from its research-and-development foundation at RWTH Aachen University.
These advanced materials address critical needs in industries requiring lightweight and durable solutions. In space and defense, applications range from radiation and EMI shielding to temperature resistance. Such attributes are essential for the durability of military equipment and the harsh conditions faced by spacecraft.
With this funding, FibreCoat plans to expand its production facilities, develop new materials, and meet rising global demand. Strategic backing from NewSpace Capital provides market insights and connections, positioning FibreCoat as a key player in the space and defense supply chains.
“Our ambition is to innovate and scale rapidly to meet demand across crucial sectors,” said Dr. Robert Brüll, CEO of FibreCoat. “This funding allows us to deliver affordable, high-performance materials for applications from electric vehicles to satellites.”
NewSpace Capital emphasized the strategic value of the investment, highlighting FibreCoat’s potential to address challenges like radiation and EMI exposure in space systems. Goose Capital also reaffirmed its commitment, citing FibreCoat’s transformative approach and growth trajectory.
With 42 employees and three production sites, FibreCoat is positioned to become the largest coated fiber manufacturer globally, advancing innovation across industries while strengthening its foothold in space and defense.
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