Fiber Elements secures €2.6M in seed funding to advance its basalt fiber technology for construction, led by Wolfgang Fiel. The funds will help scale their innovative solution as a sustainable alternative to steel reinforcement.

Jul 17, 2025•5 months ago

Amount Raised

€2.6 Million

Round Type

seed

AustriaBuilding MaterialConstructionManufacturing

Description

Austrian-based Fiber Elements has raised €2.6 million in seed funding to further develop its automated basalt fiber manufacturing technology. The startup aims to provide a sustainable alternative to traditional steel-reinforced concrete. Collaborating with several universities, the company is poised to transition from successful pilots to industrial-scale production. Their innovative materials could reduce CO₂ emissions by up to 70% compared to conventional methods.

Company Information

Company

Fiber Elements

Location

Austria

About

Fiber Elements is an Austrian startup specializing in automated basalt fiber manufacturing for the construction industry. Founded in 2023 by architect-turned-entrepreneur Wolfgang Fiel, it offers a sustainable alternative to steel-reinforced concrete with its innovative technology. The company combines advanced manufacturing with finite element analysis to produce strong and lightweight mineral composites. Its goal is to industrialize basalt fiber applications and address the growing demand for sustainable building materials.

Fiber Elements secures €2.6M in seed funding to advance its basalt fiber technology for construction, led by Wolfgang Fiel. The funds will help scale their innovative solution as a sustainable alternative to steel reinforcement.

Description

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Company Information