Future of lightweight materials Fibre Coat bags will target the space and defense areas with €20 million.

FibreCoat, a materials technology business based in Germany, has raised €20 million in Series B funding. NewSpace Capital, Goose Capital, Otto Krahn New Business, 212 NexT, Nova Saint-Gobain, Convergent Ventures, and TiE made the investment.Along with the investment, the business has partnered strategically with NewSpace Capital. With the financing, the company will be able to address the demand for materials that are resistant to heat, radiation, and electromagnetic interference (EMI), expand its presence in the rapidly expanding commercial space ecosystem, and spur innovation in the industry.

FibreCoat was founded in 2020 in Germany by Robert Brüll, Richard Haas, and Alexander Lüking, who have a wealth of materials research and engineering experience. The creators of the company started working on their coated fiber technology at the Institute for Textile Technology at RWTH Aachen University in 2014. FibreCoat's creative approach to materials technology has been greatly influenced by their academic background.The necessity to reconsider the usage of fibers in materials science is where FibreCoat got its start. They combined the greatest qualities of each material by spinning traditional fibers with coatings of metal and plastic. Years of intense research and development, together with a goal to provide materials that were not only strong, conductive, and recyclable, but also lightweight, led to this achievement.