FibreCoat, a German-based company, has successfully secured nearly €20 million in its Series B funding round. The investment was co-led by NewSpace Capital and Goose Capital, with contributions from Nova Saint-Gobain, 212 NexT, Otto Krahn New Business, Convergent Ventures, and TiE.

Established in Aachen, Germany, in 2020, FibreCoat has developed an innovative process for coating fibres with metals and plastics during the spinning process. This groundbreaking technology combines the inherent properties of fibres with coating materials to create products that are lightweight, strong, conductive, and recyclable, all at a much lower cost compared to traditional alternatives.

The technology, originally developed at RWTH Aachen University’s Institute for Textile Technology, leverages the expertise of the founding team. The company’s initial products include AluCoat, which features metal-coated basalt fibres for electromagnetic shielding and conducting applications, and PolyCoat, which uses thermoplastic-coated glass fibres designed for strength and lightweight applications.

FibreCoat’s materials are making an impact in several industries, especially in space and defence, where durability and performance are essential. Spacecraft components, for instance, need to withstand extreme conditions such as radiation, temperature fluctuations, and electromagnetic interference (EMI), while remaining lightweight for efficiency and cost-effectiveness.

“We are thankful to NewSpace Capital, Goose Capital, and all our investors for their support,” said Dr Robert Brull, CEO of FibreCoat. “Our team is dedicated to innovation, expanding production, and meeting the growing demand for essential materials in sectors such as defence, space, automotive, and more. Affordable, high-performance materials are crucial for industries like electric vehicles and defence, where there’s a strong need for yarns for sensors, circuits, shielding, and chaff.”