Dr. Robert Brull, CEO of FibreCoat, emphasized the importance of affordable, high-performance materials for various sectors, particularly defense and automotive.

FibreCoat, a German materials technology startup, has successfully raised nearly 20 million euros ($21 million) in a Series B funding round announced recently.

The funding was co-led by NewSpace Capital and Goose Capital, with participation from notable investors including Nova Saint-Gobain, reflecting strong confidence in FibreCoat's potential.

This investment underscores a growing trend of convergence among the space, defense, and automotive supply chains, highlighting potential synergies across these sectors.

The recent funding will enable FibreCoat to enhance its research and development efforts and scale up production to meet rising demand in these sectors.

Bogdan Gogulan, managing partner at NewSpace Capital, praised FibreCoat's rapid growth and adaptability, viewing the investment as a strategic opportunity in the evolving space sector.

FibreCoat aims to leverage insights from terrestrial applications to develop materials specifically for the space industry, focusing on critical areas such as radiation shielding and temperature regulation.

FibreCoat's production system can continuously spin and coat fibers, achieving outputs of 30 to 100 kg per day, providing versatility for various industrial applications.

The company's products are designed to withstand extreme conditions, including intense radiation and electromagnetic interference (EMI), which are crucial for the space and defense sectors.

Founded in 2020, FibreCoat specializes in coating fibers with metals and plastics during the spinning process, resulting in lightweight, strong, and recyclable products.

This innovative process allows the creation of fibers that combine various material properties, making them suitable for mass market applications at significantly lower costs.

The company is now targeting the space sector, where the demand for coated fibers that can endure harsh conditions is rapidly increasing.