Climate technology startup Fiber Global has successfully raised $20 million in a Series A funding round, designed to expand its platform that transforms waste streams into sustainable building products.
Established in 2023 and based in Brownsburg, Indiana, Fiber Global repurposes materials like paper and cardboard that are diverted from landfills, producing durable, high-performance building materials that emit significantly fewer greenhouse gases. Additionally, the products offer other environmental benefits such as water and energy savings, conservation of landfill space, and the absence of formaldehyde and harmful volatile organic compounds.
Fiber Global’s premier offering is the Forged Fibre Board (FFB), made from reclaimed corrugated cardboard to create panels for use in the furniture and construction sectors.
The company has stated that the newly acquired capital will facilitate its global expansion, with an initial focus on enhancing its manufacturing capabilities in the United States.
The funding round was led by venture capital firm DBL Partners, with its Founder and Managing Partner, Ira Ehrenpreis, joining Fiber Global’s Board of Directors.
Ehrenpreis commented: “Fiber Global is developing a better and more economically attractive product that also boasts a superior environmental profile, proving that the double bottom line is not about trade-offs or compromises but about providing the best value proposition.”
K.C. McCreery, Founder and CEO of Fiber Global, noted: “DBL Partners and Ira Ehrenpreis are genuinely integrated into the Fiber Global team, supporting our mission and vision of reclaiming tomorrow. This investment round empowers us to continue rapidly scaling our U.S. manufacturing capabilities and production capacity.”
