Nibertex, a Singapore-based nanofiber technology company, raised an undisclosed amount in Pre-Series A funding.
Backers included Foxmont Capital Partners and ADB Ventures.
Founded in 2019, Nibertex is a nanofiber technology company which leverages proprietary electrospinning processes to produce PFAS-free nanofiber membranes serving industries spanning technical textiles, healthcare, filtration, automotive, and professional applications.
The company intends to use the funds to ramp up production capacity to meet demand from the consumer textiles market while positioning itself for expansion into adjacent sectors such as protective textiles, automotive ventilation, healthcare, and personal protective equipment. The funds will also support Nibertex in scaling production lines at its second facility, expanding R&D efforts for professional textiles, and building capacity to meet future demand in emerging applications.
FinSMEs
03/02/2025