FibreCoat
Assembly Line
FibreCoat, world leader in materials technology, secures close to €20m from NewSpace Capital and other investors
FibreCoat, a world leader in materials technology, has raised close to €20 million from NewSpace Capital, Goose Capital, Nova Saint-Gobain, 212 NexT, Otto Krahn New Business, Convergent Ventures and TiE in its Series B raise.
The company, which was founded in Germany in 2020 but has been developing its technology since 2014, has invented a novel technology to coat metals and plastics onto fibers, thus combining the properties of the fibers and the coating material, during the fibre spinning process. Its products offer strength, conductivity, and recyclability at a fraction of the weight and cost of their competitor products. This is thanks to the team’s extensive expertise and strong research-and-development background at RWTH Aachen University, where the founding team worked at the Institute for Textile Technology.
FibreCoat’s materials, which are lightweight, cost-effective, high-performance and have widespread applications, have proven themselves in a number of industries, and are now well-positioned to meet surging demand in the space and defense sectors. Robust material is essential for the durability and reliability of military equipment in hostile environments.