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Material World: Membrane Maker Closes Funding Round, Freitag Bolsters Reflected Bags Line

Material World is a weekly roundup of innovations and ideas within the materials sector, covering news from emerging biomaterials and alternative leathers to sustainable substitutes and future-proof fibers.

Nibertex

The Nibertex manufacturing facility in the Philippines, where PFAS-free electrospun polyurethane membranes are produced.
The Nibertex manufacturing facility in the Philippines, where PFAS-free electrospun polyurethane membranes are produced.

Deep-tech waterproof breathable membranes startup Nibertex just closed its pre-Series A funding round with participation from Foxmont Capital Partners and ADB Ventures, the impact investment arm of the Asian Development Bank, as well as other “prominent family offices” in the region.

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“This pre-Series A funding is a testament to the trust our investors place in our technology and the potential of our market,” said Jaemin Park, co-founder of Nibertex. “The demand for sustainable, high-performance materials has never been higher, and this investment allows us to accelerate production and meet the growing needs of our clients across multiple industries.”

Nibertex—a developer of PFAS-free electrospun polyurethane (ePU) membranes—said its membranes offer waterproofing and breathability performance to textiles. With two manufacturing plants in the Philippines, Nibertex said it can meet demand as aligned with looming regulatory restrictions.

ADB Ventures’ support “underscores the importance of finding sustainable alternatives to widely used industrial materials,” the company said.

“Nibertex’s technology supports the global shift towards the use of safer and more sustainable materials,” said ADB Ventures’ Charles Cole Navarro. “By eliminating PFAS and delivering high-performance waterproof breathable membranes, Nibertex is addressing a critical global challenge. We look forward to supporting its growth as it expands beyond textiles into new industries.”

While the nanofiber firm could not comment on the monetary amount raised, it will be used to ramp up production capacity, expand R&D efforts and scale production lines. Nibertex has reportedly seen a surge in orders from global textile brands as well as success in high-value sectors such as firefighter fabrics and other professional applications.

“We are very happy to have worked closely with ADB Ventures on this round, which highlights proof of Nibertex’s impact,” said Jelmer Ikink, founding partner at Foxmont Capital Partners. “The growth and potential Nibertex has shown over the last quarters have exceeded our expectations, and we are proud to have made a follow-on commitment to fuel Nibertex’s growth.”


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