Nibertex, a Singapore- and Philippines-based deeptech startup specialising in waterproof breathable membranes, has closed its pre-Series A funding round.
Foxmont Capital Partners, ADB Ventures, and other regional family offices invested.
This investment will enable Nibertex to scale up its production capacity to meet the surging demand for its innovative materials. It will also support the firm in expanding its R&D efforts and preparing for a Series A round in 2025.
Founded in 2019 by Jae H Park and his brother Jae M, Nibertex is at the forefront of nanofiber technology, with applications spanning technical textiles, healthcare, filtration, automotive, and professional applications.
Nibertex’s membrane technology utilises advanced polymer sciences to create films completely free from PFAS (per- and poly-fluoroalkyl substances) chemicals.
Also Read: Korean brothers’ startup Nibertex develops chemical-free fabric for sustainable textiles
PFAS, known for their toxicity and environmental persistence, are increasingly being banned in textiles in the EU, California, and New York, compelling global brands to seek sustainable alternatives.
These membranes eliminate the use of these harmful chemicals, significantly reducing environmental pollution and potential health hazards associated with traditional waterproof textiles. They can achieve “superior performance” using safer, compliant chemicals while offering enhanced breathability and durability.
The startup has established two state-of-the-art manufacturing facilities in the Philippines. The firm is seeing a surge in orders from global textile brands and is making inroads in high-value sectors such as firefighter fabrics and professional applications.
The deeptech startup previously closed an oversubscribed funding round led by Foxmont Capital Partners and supported by a consortium of Southeast Asian families.
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