Climate tech startup Fiber Global announced that it has raised $20 million in a Series A funding round, with proceeds aimed at expanding its platform to turn waste streams into sustainable building products.
Founded in 2023, Brownsburg, Indiana-based Fiber Global reclaims materials such as paper and cardboard diverted from landfills to create durable, high-performing building materials with significantly lower greenhouse gas emissions. In addition to reduced emissions, other sustainability benefits from its products highlighted by the company include water and energy savings, conserved landfill space, with the products also being formaldehyde free, and containing zero harmful volatile organic compounds.
Fiber Global’s flagship product is Forged Fiber Board (FFB), produced from reclaimed corrugated cardboard to manufacture panels that are used in the furniture and construction industries.
The company said that the new capital will be used to accelerate its global expansion, starting with its U.S. manufacturing footprint.
The funding round was led by venture capital investor DBL Partners, with Founder and Managing Partner Ira Ehrenpreis joining Fiber Global’s Board of Directors.
Ehrenpreis said:
“Fiber Global is building a better and more economically compelling product that also has a superior environmental footprint, demonstrating how double bottom line is not about tradeoff or compromise but about winning with the best value proposition.”
KC McCreery, Founder and CEO of Fiber Global, added:
“DBL Partners and Ira Ehrenpreis are truly part of the Fiber Global team, sharing our mission and vision of reclaiming tomorrow. This investment round provides us with the ability to continue rapidly scaling our United States manufacturing footprint and production capacity.”
