BROWNSBURG, Ind.–(BUSINESS WIRE)–Fiber Global, a pioneer in sustainable building materials, today announced it has raised $20 million in Series A funding. The round was led by DBL Partners, with Founder and Managing Partner Ira Ehrenpreis joining the Board of Directors. The capital will support Fiber Global’s mission to transform abundant global waste streams into scalable, sustainable building materials, starting with expansion of its U.S. manufacturing footprint.
Fiber Global’s proprietary technology platform converts abundant global waste streams into durable, high-performing building materials capable of outperforming existing solutions with a dramatically lower carbon footprint. Manufactured in the United States, Fiber Global’s products are also formaldehyde free, have zero harmful volatile organic compounds (VOCs), and are UL GREENGUARD GOLD certified. With construction materials responsible for over 10% of global greenhouse gas emissions, Fiber Global aims to lead the transition toward a climate-positive, affordable, and resilient building materials industry through a circular manufacturing approach that also strengthens local economies.
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