Fundz

Bast Fibre Technologies Inc. Secures Strategic Investment From Ahlström Capital

PRIVATEOct 12, 2022

Round Type

Corporate Round

VictoriaOtherFood And Beverage

Description

Bast Fibre Technologies Inc. (BFT), the makers of seroTM hemp fibre, announced today that it has closed a major strategic financing with Ahlström Capital of Finland. BFT will immediately begin work to expand fibre manufacturing capacity at its US-flagship facility in Lumberton (NC) and its EU-facility near Düsseldorf (NRW).

Quick answer

Bast Fibre Technologies raised an undisclosed amount in a Corporate Round round, dated October 12, 2022. Bast Fibre Technologies is based in Victoria, Australia.

How much did Bast Fibre Technologies raise?
Bast Fibre Technologies raised an undisclosed amount in a Corporate Round round on October 12, 2022.
What does Bast Fibre Technologies do?
Bast Fibre Technologies Inc. (BFT) is a triple-bottom-line, cleantech fibre engineering firm manufacturing specialty natural fibres for applications throughout the nonwovens industry.
Where is Bast Fibre Technologies based and how big is it?
Bast Fibre Technologies is based in Victoria, Australia.

Source: Fundz verified event record.

Who else raised in Food And Beverage around the same time

Companies in the same sectors as Bast Fibre Technologies that raised within 45 days of this round, from Fundz verified event records.

  • Julienne Bruno raised $5.9M (Funding Round) on November 21, 2022.
  • Prado raised $5.8M (Seed) on November 21, 2022.
  • Gorgie raised $6.3M (Seed) on November 18, 2022.
  • Clio Snacks raised an undisclosed amount (Funding Round) on November 15, 2022.
  • Charmy Pet raised $100K (Pre-Seed) on November 11, 2022.
  • Diamond Estates Wines and Spirits raised an undisclosed amount (Funding Round) on November 10, 2022.

Who to call at Bast Fibre Technologies, and when

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Company Information

Company

Bast Fibre Technologies

Location

Suite 2301 - 4464 Markham Street

Victoria, Australia

About

Bast Fibre Technologies Inc. (BFT) is a triple-bottom-line, cleantech fibre engineering firm manufacturing specialty natural fibres for applications throughout the nonwovens industry. Using advanced fibre processing technology, BFT transforms raw bast fibres from hemp and flax plants to meet the exacting standards required by nonwoven customers. With the inevitable transition away from synthetic materials, BFT fibres will become vitally important for the production of truly sustainable nonwovens ranging from single-use products such as cleaning wipes to durable products.

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Bast Fibre Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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