German materials technology company FibreCoat raises €18.9 million, targets space and defense sectors

FibreCoat, a German company based in Aachen that produces affordable high-performance materials, has raised nearly $20 million (about €18.98 million) in Series B funding. 

FibreCoat aims to make advanced materials more accessible by producing high-performance composite fibers at a low cost. Its aluminum-coated basalt and glass filaments have the performance of full-metal fibers, but at a much lower price, allowing for affordable mass-market applications. 

As connectivity continues to grow, these fibers offer a cost-effective solution for electromagnetic shielding, which is essential for technologies such as 5G and Wi-Fi. 

NewSpace Capital and GOOSE Capital led the round. Other investors participating in the round include NOVA by Saint-Gobain, 212 NexT, Otto Krahn New Business, Convergent Ventures, and TiE Angels. 

The funding will support the company’s expansion efforts to meet growing demand for its affordable, high-performance materials in defense, aerospace, automotive and other sectors. 

FibreCoat aims to increase productivity and innovation, using investor support to scale operations and deliver its products globally.