Source | FibreCoat GmbH

FibreCoat GmbH (Aachen, Germany), known for its flagship production, AluCoat — an aluminum-coated glass fiber — has raised close to €20 million from NewSpace Capital, Goose Capital, Nova Saint-Gobain, 212 NexT, Otto Krahn New Business, Convergent Ventures and TiE in its Series B round.

FibreCoat’s founding team, originally from RWTH Aachen University’s Institute for Textile Technology, established FibreCoat in 2020. The company invented a technology to coat metals and plastics onto fibers during a fiber spinning process. Its material products offer strength, conductivity and recyclability, and have widespread applications in space and defense sectors thanks to their EMI shielding, heating elements and so on. 

Through its strategic partnership with NewSpace Capital, which co-led the round with Goose Capital, FibreCoat plans to further its reach in the commercial space ecosystem, meeting demand for radiation-, heat- and EMI-resistant materials and driving innovation in the sector.

Since its founding, FibreCoat has grown rapidly and sought the fundraiser in order to scale more quickly. It is currently expanding its production sites and developing new coatings for space and defense.

“We’re an ambitious team who are keen to innovate, increase production and satisfy demand for basic building blocks for defense, space, automotive and other crucial sectors,” says Dr. Robert Brüll, CEO at FibreCoat. “Affordable, high-performance materials are vital for electric vehicles, while in defense, 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 fibers we develop to withstand harsh conditions and EMI.”

Bogdan Gogulan, managing partner of NewSpace Capital, believes FibreCoat is “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.”

FibreCoat employs 42 members of staff and has three production sites