Bcomp Raises $40M in Funding to Expand Production and Enter New Markets
Bcomp Closes USD$40M Series C Funding
Bcomp Raises $40M in Series C Funding
Key Highlights:
- Series C Funding: Bcomp, a provider of natural fibre composites, raised $40 million in Series C funding.
- Investors: EGS Beteiligungen AG (EGSB), Verve Ventures, Zürcher Kantonalbank, RKKVC, Generali, and Airbus Ventures participated in the funding round.
- Expansion Plans: The funding will be used to scale production capacity, pursue commercial opportunities in industrial automotive, and enter new markets in Asia and North America.
Bcomp's Target Market
- Automotive Industry: Focus on providing sustainable lightweighting solutions for the automotive sector, including motorsports and automotive interiors.
- Mass Transportation and Recreational Equipment: Providing natural fibre composites for mass transit systems, recreational equipment, and consumer goods.
- Aerospace Industry: Offering lightweight and sustainable materials for aerospace applications.
What Bcomp Needs to Buy
- Production Equipment and Facilities: Investing in machinery and infrastructure to scale production capacity.
- Market Entry Support: Establishing partnerships and distribution channels in new markets, particularly in Asia and North America.
- Research and Development: Continuously innovating and improving natural fibre-based reinforcement materials for various applications.