FibreCoat Secures €20M Series B Round for Space Technology Advancement

FibreCoat, a leader in materials technology, has raised approximately €20 million in its Series B funding round, co-led by NewSpace Capital and Goose Capital, along with participation from other investors. The German-founded company, which has been in development since 2014, specializes in coating metals and plastics onto fibers during the spinning process, enhancing properties like strength, conductivity, and recyclability, while remaining lightweight and cost-effective. FibreCoat’s materials are increasingly essential for applications within the space and defense industries, as spacecraft and military equipment require durable materials that resist extreme conditions such as radiation, heat, and electromagnetic interference (EMI). The recent investment aims to accelerate FibreCoat's growth and expand its production capacities, positioning it as the world's leading producer of coated fibers. The company has secured strategic partnerships to leverage market demand in the booming space sector, backed by predictions from the World Economic Forum about the significant growth of the global space ecosystem. Meanwhile, NewSpace Capital emphasizes the convergence of space and non-space supply chains, foreseeing synergies across different industrial markets.