CleanFiber Raises $28M Series B Funding to Fuel Growth and Expand Portfolio
CleanFiber Raises $28M in Series B Funding
CleanFiber's Series B Funding
Key Highlights:
- Series B Funding: CleanFiber, a materials science company, raised $28 million in Series B funding.
- Investors: Spring Lane Capital led the round, with participation from Climate Innovation Capital, AXA IM Alts, Tokyu Construction/Global Brain, Ahlström Invest, and other family offices.
- Growth and Expansion: Funding will support CleanFiber's growth trajectory, product adoption, production scaling, and portfolio expansion.
CleanFiber's Target Market
- Target Market: Building and construction industry, specifically installers and contractors in the Northeast region.
- Sustainable Building Solutions: Companies and individuals seeking environmentally friendly and fire-resistant building insulation products.
- Green Building Initiatives: Organizations and projects focused on sustainable and eco-friendly construction practices.
What CleanFiber Needs to Buy
- Production and Manufacturing Equipment: Investments in machinery and equipment to scale production and meet growing demand.
- Research and Development: Continued innovation and development of new eco-friendly building materials and insulation solutions.
- Marketing and Sales Support: Resources to expand market reach, educate potential customers, and support sales efforts.