3D Biofibr Inc. Raises New Capital To Scale Up Manufacturing In An Oversubscribed Round

Sep 20, 2021•almost 4 years ago

Halifax

Description

3D BioFibR Inc., a biofibre manufacturing company, announced today it has raised over $700,000 in an oversubscribed follow-on round. Proceeds from the financing will be used to continue to scale-up manufacturing capabilities of their collagen and spider silk fibres with an eye towards securing commercial partnerships.

Company Information

Company

3 D Bio Fib R

Location

Halifax, England, United Kingdom

About

3D BioFibR produces naturally sourced, high value biofibers, such as collagen and spider silk, for potential use in biomedical engineering, green textiles, defense, and aerospace applications. The Company’s proprietary dry-spinning process is faster than current manufacturing processes and preserves the natural properties of the biofibre proteins. 3D BioFibR is refining its large-scale production of CollaFibR™, a strong, high-quality collagen fibre, to be weaved into commercial products for the 3D tissue culture and tissue engineering market. For more information, visit www.3DBioFibR.com. This news release contains “forward-looking statements,” which reflect the current expectations of the Company’s management for future growth, results of operations, performance and business prospects. Forward-looking statements involve significant known and unknown risks, uncertainties and assumptions.