FibreCoat, an Aachen, Germany-based supplies know-how firm, raised practically €20M in Sequence B funding.
Backers included NewSpace Capital, Goose Capital, Nova Saint-Gobain, 212 NexT, Otto Krahn New Enterprise, Convergent Ventures and TiE.
The corporate intends to make use of the funds to additional its attain within the booming industrial area ecosystem, meet demand for radiation-, heat- and EMI-resistant supplies, and drive innovation within the sector.
Led by Dr. Robert Brüll, CEO, FibreCoat gives AluCoat, an aluminum-coated glass fibre providing options for EMI shielding, navy countermeasures, heating parts, and extra, with recyclability and light-weight advantages. Its light-weight, high-performance supplies have widespread functions, together with for safeguarding in opposition to radiation, warmth and electromagnetic interference, making them invaluable for firms within the area and protection sectors, in addition to different giant business sectors like automotive and building.
FinSMEs
05/12/2024
