Key Takeaways:
- 3D BioFibR, a startup in the field of advanced bio fiber materials, raises $3.52 million in seed funding.
- The fundraising round was led by Invest Nova Scotia.
- Other investors include Build Ventures, Concrete Ventures and Globalive Capital.
- The startup is based in Halifax, Nova Scotia, Canada and operates in the Biotechnology, Manufacturing and Textiles industries.
- This fundraising round brings the startup’s total funding to $4.92 million.
Biotechnology startup 3D BioFibR has recently raised $3.52 million in seed funding. The fundraising round was led by Invest Nova Scotia with contributions from Build Ventures, Concrete Ventures and Globalive Capital. This funding round marks the company’s fifth since inception.
3D BioFibR is in the business of developing advanced bio fiber materials. They are located in Halifax, Nova Scotia and have their operations spread out in the Textiles, Manufacturing and Biotechnology industries. This funding round has increased the company’s total funding to $4.92 million as per their Crunchbase profile.
The funds from this round will be used to accelerate research and development and to fuel expansion in the growing market of bio fibre materials. By developing unique and advanced materials, the company is making significant contributions to the biotechnology and manufacturing sectors.
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