Tech Company Financing Transactions
3D BioFibR Funding Round
3D BioFibR secured a $3.5 million Seed funding round on 7/20/2023. Investors included Invest Nova Scotia, Build Ventures and Concrete Ventures.
Transaction Overview
Company Name
Announced On
7/20/2023
Transaction Type
Venture Equity
Amount
$3,520,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand its facilities to include a climate controlled biomanufacturing cleanroom and bring its collagen fiber products to market.
Company Information
Company Status
Private & Independent
Industry
Advanced Materials
Mailing Address
60-1344 Summer St
Halifax, NS, B3H 0A8
CA
Halifax, NS, B3H 0A8
CA
Phone
Undisclosed
Website
Email Address
Overview
3D BioFibR produces naturally sourced, high value biofibers, such as collagen and spider silk, for potential use in biomedical engineering, green textiles, defense, and aerospace applications. The Company's proprietary dry-spinning process is faster than current manufacturing processes and preserves the natural properties of the biofibre proteins. 3D BioFibR is refining its large-scale production of CollaFibR�, a strong, high-quality collagen fibre, to be weaved into commercial products for the 3D tissue culture and tissue engineering market.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kevin Sullivan
Co-Founder
Craig Gauld
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Where The Data Comes From
Our team works diligently to report on tech company VC transactions. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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