FibreCoat raised $21 million in a Series B funding round led by NewSpace Capital and Goose Capital to expand its applications in the space industry.

Dec 04, 2024•about 1 year ago

Amount Raised

$21 Million

AachenManufacturing

Investors

Goose CapitalNew Space Capital

Description

FibreCoat, a German materials technology startup, raised nearly 20 million euros ($21 million) in a Series B funding round. The investment will be used to apply insights from terrestrial applications to the space and defense markets.

Company Information

Company

FibreCoat

Location

8 52068

Aachen, North Rhine-Westphalia, Germany

About

FibreCoat GmbH produces thermoplastic-coated glass fibres for use in fibre composites on rented glass fibre drawing machines. Direct coating enables new process steps, lower costs and cycle times while at the same time improving technical specifications. The target markets are the automotive and consumer sectors.

Related People

2 contacts

Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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