<div>
  <ul>
    <li>
      <p>
        Natural Fiber Welding (NFW), a technology company that develops textiles using recycled plants and natural fibers, has raised USD 24.8 million in funding, as disclosed by an SEC filing.
      </p>
    </li>
    <li>
      <p>
        The company intends to use the funding to accelerate product development and expand its operations.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         NFW has been expanding its operations aggressively and scaling up production of its plant-based leather alternative, Mirium. In 
        <a href="https://sp-edge.com/updates/23138">
          October 2023
        </a>
        , the company secured an undisclosed investment from Asahi Kasei to develop Mirium for use in car interiors and an inroad to the Japanese market. In 
        <a href="https://sp-edge.com/updates/9747">
          April 2022
        </a>
        , NFW also raised USD 85 million in Series B funding to expand its Claurus and Mirum platforms and to develop shoes using sustainable materials partnering with major brands.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.intelligence360.news/us-farathane-to-spend-763496-00-to-occupy-2540-square-feet-of-space-in-georgetown-texas/">
      Intelligence 360
    </a>
  </p>
  <p>
    <a href="https://app.fundz.net/fundings/natural-fiber-welding-funding-round-7c2368">
      Fundz
    </a>
  </p>
</div>


Bio-based Materials

ANALYST_QUICK_TAKE

<div>
 <p>Natural Fiber Welding (NFW), a firm specializing in creating textiles from recycled plants and natural fibers, has recently secured a funding of USD 24.8 million according to an SEC filing.</p>
 <p>NFW plans on utilizing this investment to expedite its product development process and also to broaden its operational reach.</p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> NFW has been expanding its operations aggressively and scaling up production of its plant-based leather alternative, Mirium. In <a href="https:<br>
//sp-edge.com/updates/23138"> October 2023 </a> , the company secured an undisclosed investment from Asahi Kasei to develop Mirium for use in car interiors and an inroad to the Japanese market. In <a href="https:<br>
//sp-edge.com/updates/9747"> April 2022 </a> , NFW also raised USD 85 million in Series B funding to expand its Claurus and Mirum platforms and to develop shoes using sustainable materials partnering with major brands.</p>

Natural Fiber Welding raises USD 24.8 million to scale up operations

DISRUPTOR_PRESENT

PROMINENT_CATEGORY

<div>
 <ul>
  <li><p>Natural Fiber Welding (NFW) has received investment from Asahi Kasei, a Japanese company, as part of their Care for Earth initiative. The investment is for early-stage startups working on environmental challenges. Asahi Kasei has allocated $100 million until 2027 for startups addressing challenges like hydrogen, energy storage, carbon management, and bio-based chemicals.</p></li>
  <li><p>The investment will allow Asahi Kasei and its subsidiary Sage Automotive Interiors to collaborate with NFW in developing and producing a circular leather alternative for car interiors using NFW's Mirum material. No specific project timelines were mentioned.</p></li>
 </ul>
</div> <p><b>Analyst QuickTake: </b> NFW is working on commercializing its bio-based leather material Mirum across various applications. The material has already gained popularity among global fashion brands and is now targeting the automotive sector. Some of the company’s strategic partnerships in the fashion industry include a partnership with <a href="https://sp-edge.com/updates/17447"> Pangaia </a> to jointly launch a bio-based black vest made using Mirum, <a href="https://sp-edge.com/updates/15033"> UNLESS Collective </a> for the world's first regenerative sneaker, <a href="https://sp-edge.com/updates/13150"> Allbirds </a> for its first plant-based leather sneaker, <a href="https://sp-edge.com/updates/12597"> Brave GentleMan </a> for a gender-neutral shoe collection, <a href="https://sp-edge.com/updates/10232"> Bellroy </a> for a plant-based leather wallet, and <a href="https://sp-edge.com/updates/7850"> Ralph Lauren </a> for a bio-based shirt.</p>

Natural Fiber Welding secures investment from Asahi Kasei to develop leather alternatives for car interiors

Natural Fiber Welding (NFW) has partnered with IPCO to increase production of Mirum, its plant-based leather alternative made from recycled plants and natural fibers. IPCO's double-belt press technology will help NFW meet the rising demand for sustainable materials. The partnership includes an investment from IPCO to support NFW's growth. NFW has previously collaborated with companies such as Pangaia, Allbirds, and Ralph Lauren to develop sustainable products, and is actively scaling production of Mirum to meet the needs of global fashion brands.

All Updates

Natural Fiber Welding raises USD 24.8 million to scale up operations

Natural Fiber Welding secures investment from Asahi Kasei to develop leather alternatives for car interiors

Natural Fiber Welding partners with IPCO for large-scale production of Mirum

Natural Fiber Welding and Pangaia jointly unveil plant-based leather vest

Natural Fiber Welding and ArenaMend launch Noviun

Natural Fiber Welding partners with Lenzing

UNLESS Collective partners with Natural Fiber Welding to launch world’s first regenerative sneaker

Allbirds launches its first plant-based leather shoe in partnership with Natural Fiber Welding

Natural Fiber Welding and Brave GentleMan unveil shoe collection made from Mirum

Natural Fiber Welding’s Mirum leather used by Bellroy for plant-based leather wallet