FibreCoat funding news – Germany-based FibreCoat has Secured over €20Million in Funding

The German-based company creates materials that coat metals and plastics onto fibers during the fiber spinning process. This combines the properties of both the fibers and coatings, improving strength, conductivity, and recyclability.

FibreCoat’s materials are designed for the space and defense industries. Spacecraft, including launchers and satellites, need to handle tough conditions like strong radiation, extreme temperatures, and electromagnetic interference (EMI), all while staying lightweight for better efficiency and cost savings.

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The global defense market is expected to grow from $477 billion in 2020 to almost $600 billion by 2027, driven by more investments in advanced technologies like electronic warfare and electromagnetic protection.

With its partnership with NewSpace Capital, which co-led the funding round with Goose Capital, FibreCoat aims to meet the demand for materials that resist radiation, heat, and EMI. The company has grown quickly since its founding and raised this money to expand even faster.

Dr. Robert Brüll, CEO at FibreCoat, thanked the company’s investors for their support. "We’re grateful to NewSpace Capital, Goose Capital and all our investors for backing us," he said. "We’re an ambitious team who are keen to innovate, increase production and satisfy demand for basic building blocks for defense, space, automotive and other crucial sectors. Affordable, high-performance materials are vital for electric vehicles, while in defense, there is real demand for yarns for sensors, circuits, shielding and chaff material. Space is also a critically important sector, one that touches every area of the world economy. It’s growing rapidly, and both launchers and satellites increasingly need the coated fibers we develop to withstand harsh conditions and EMI. NewSpace Capital will help with their extensive network and market knowledge, so we can bring our low-cost, high-performance materials to those who need them. It’s an exciting time for the company."

Bogdan Gogulan, Managing Partner of NewSpace Capital, said: "We think long and hard about every investment we make. The young, energetic and ambitious FibreCoat team impressed us. They’ve grown quickly as a company, have a strong R&D background, and have shown great adaptability as market needs have evolved. We see this investment as an opportunity to grow a differentiated player within the space sector."

About FibreCoat

FibreCoat’s materials are used in many areas of life, from clothing to communication satellites. As demand in these markets increases, there is more pressure to keep prices low.