Nibertex, a deep tech startup based in Singapore and the Philippines, has successfully closed an oversubscribed funding round.
The investment was led by Foxmont Capital Partners and supported by a consortium of Southeast Asian families.
The new funds will help speed up the launch of Per- and Polyfluoroalkyl Substances (PFAS)-free membrane technology. PFAS is otherwise known as the “forever chemical” found in textiles and doesn’t break down quickly.
Founded in 2019, Nibertex is a material science venture that leverages nanotechnology to engineer advanced and sustainable materials. With a mission to drive innovation and enhance the quality of life, the company with its proprietary solution is leading the market transition toward sustainable waterproof and breathable products, offering an environmentally safe alternative without compromising performance.
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The process also opens doors for the rapid development and market launch of materials used in various applications, including EV batteries, wound dressing, EMI shields, and more. Nibertex will prioritise an initial focus on technical textiles.
“Our aim is to pioneer material science innovations that are environmentally sound, serve our customers, and positively impact society,” said Jae Hyung Park, Co-Founder and COO of Nibertex.
With over three decades of experience, Nibertex claims to be the world’s first in hybrid electrospinning and exports to over 30 countries. It has a global presence in two countries and a production capacity of 1.5 million square meters per machine.
“After years of R&D, Nibertex now has the product, experience, cost advantage, and clientele to change entire industries so that we can together help rid our daily lives of these harmful chemicals, and we are keen to support them in that mission,” said Jelmer Ikink, Founding Partner at Foxmont Capital Partners.
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Image credit: Nibertex
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