FibreCoat has raised nearly €20 million in a Series B funding round co-led by NewSpace Capital and Goose Capital, with participation from Nova Saint-Gobain, 212 NexT, Otto Krahn New Business, Convergent Ventures and TiE.

Founded in Aachen, Germany, in 2020, FibreCoat has developed a pioneering process for coating fibres with metals and plastics during spinning. This combines the unique properties of fibres with coating materials to deliver products that are lightweight, strong, conductive and recyclable at a fraction of the cost of traditional alternatives.

The company’s technology stems from its origins at RWTH Aachen University’s Institute for Textile Technology where the founding team built its expertise.

Its initial products are AluCoat, metal-coated basalt fibres used for electromagnetic shielding and conducting applications, and PolyCoat, thermoplastic-coated glass fibres used for strengthening and light weighting applications.

FibreCoat’s materials are making waves in multiple industries, particularly in space and defence, where durability and performance are critical. Spacecraft components must endure harsh conditions, including radiation, extreme temperatures, and electromagnetic interference (EMI), while remaining lightweight for efficiency and cost-effectiveness.

“We’re grateful to NewSpace Capital, Goose Capital and all our investors for backing us,” said CEO Dr Robert Brull. “We’re an ambitious team keen to innovate, increase production and satisfy the demand for basic building blocks for defence, space, automotive and other crucial sectors. Affordable, high-performance materials are vital for electric vehicles, while in defence, there is real demand for yarns for sensors, circuits, shielding and chaff material.

“Space is also a critically important sector, one that touches every area of the world economy. It’s growing rapidly, and both launchers and satellites increasingly need the coated fibres we develop to withstand harsh conditions and EMI. NewSpace Capital will help with its extensive network and market knowledge, so we can bring our low-cost, high-performance materials to those who need them. It’s an exciting time for the company.”

“We see this investment as an opportunity to grow a differentiated player within the space sector,” added Bogdan Gogulan, managing partner at NewSpace Capital. “FibreCoat is solving a major problem in the space industry, which is the exposure of spacecraft to radiation, heat, EMI and other conditions. The company is also a great example of how the space and non-space supply chains are converging – a trend that has been clear to see over the last decade.

“There are significant synergies between space, defence, automotive and other terrestrial markets in which FibreCoat operates and there are a number of industrial partners that came into this funding round with us, highlighting the spillover from space to non-space market segments and vice versa.”

www.fibrecoat.de