Nibertex, a developer of waterproof breathable membranes, has successfully 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, and other prominent family offices in the region.
The financial details of the funding were not disclosed.
Nibertex said it plans to deployed fresh funding to ramp up its production capacity, enabling the company to meet growing demand from the consumer textiles market while positioning itself for expansion into adjacent sectors such as protective textiles, automotive ventilation, healthcare, and personal protective equipment.
“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.”
Having secured this pre-Series A milestone, Nibertex now sets its sights on a Series A round in 2025 to further build out production capacity in response to already existing demand, as it continues to lead the charge in sustainable, high-performance nanofiber technology.