FibreCoat, a German startup specialising in materials technology, has secured €20 million in Series B funding. The investment came from NewSpace Capital, Goose Capital, Nova Saint-Gobain, 212 NexT, Otto Krahn New Business, Convergent Ventures and TiE.
In addition to the funding, the company has entered into a strategic partnership with NewSpace Capital. With the investment, the company will be able to further its reach in the booming commercial space ecosystem, meet demand for radiation-, heat- and electromagnetic interference (EMI)-resistant materials, and drive innovation in the sector.
Who is behind FibreCoat?
Founded in Germany in 2020, FibreCoat is the brainchild of Robert Brüll, Richard Haas and Alexander Lüking with extensive expertise in materials science and engineering. The company’s journey began in 2014 at RWTH Aachen University’s Institute for Textile Technology, where the founders worked on developing their coated fibre technology. Their academic foundation has been instrumental in shaping FibreCoat’s innovative approach to materials technology.
How was the idea born?
The origin of FibreCoat lies in the need to rethink how fibres are used in materials science. By combining metal and plastic coatings with traditional fibres during the spinning process, they merged the best properties of each material. This breakthrough came from years of rigorous research and development and a vision to deliver materials that were not only lightweight but also strong, conductive, and recyclable.
What problem does it solve?
FibreCoat addresses a critical challenge in industries like space and defence: the demand for materials that are high-performance, cost-effective, and environmentally sustainable. Traditional materials often force compromises between weight, strength, and cost. FibreCoat’s coated fibres solve this dilemma by offering unparalleled durability, conductivity, and recyclability at a fraction of the weight and cost of competing products.
The company has developed applications across industries. In defence, FibreCoat’s materials provide robust solutions for military equipment, which must remain reliable in hostile environments. In the space sector, where every gram matters, their lightweight fibres are critical for spacecraft efficiency and cost-effectiveness. From launchers to satellites, these materials protect against radiation, extreme temperatures, and EMI.
Sustainable and advanced future ahead
As the global demand for lightweight, high-performance materials continues to grow, FibreCoat is uniquely positioned to lead this transformation. Its innovative approach not only offers practical solutions for high-stakes industries but also emphasises sustainability, ensuring that progress in space and defense comes with a lighter environmental footprint. With its ambitious roadmap and strong backing from investors, FibreCoat is redefining the boundaries of what materials can achieve.
Dr. Robert Brüll, CEO at FibreCoat, thanked the company’s investors for their support. He said: ‘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. 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 young. The 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.”
”The company is also a great example of how the space and non-space supply chains are converging – a trend that has been clear to see over the last decade.”
Andrew Nicholson, Managing Director at Goose Capital, said: ‘We are proud to co-lead FibreCoat’s Series B round alongside NewSpace Capital. This investment builds on our support from the Series A round in 2021, reaffirming our belief in FibreCoat’s exceptional funding team and their transformative approach to coated fiber technology.
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