Forcespinning nanofiber producer raises $13mn capital

26 Feb '13

3 min read

FibeRio’s existing shareholders also participated in this financing round, including the University of Texas System - UT Horizon Fund, the University of Texas - Pan American, the State of Texas, Silverton Partners and Cottonwood Technology Fund I. As part of this financing, James Wilson, of SABIC’s Innovative Plastics Strategic Business Unit and Todd Dauphinais of Aster Capital will join the FibeRio board of directors.

About FibeRio

FibeRio Technology Corporation provides the technology and capital equipment to transform the materials market through the unlimited availability of cost effective nanofibers. Founded in 2009, the company has already delivered several large scale industrial Forcespinning units to industry leading customers across the globe. The company is headquartered in its manufacturing facility in McAllen, TX.

FibeRio Technology Corporation

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