Funding round
Spiber Growth
Reported as "Growth Equity"
Spiber, which works in protein fiber material development in Tsuruoka, raised $44M in a Growth round announced on 1 Dec 2018, led by Cool Japan Fund. 1 firm took part. It is Spiber's first venture round on record.
$44M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Spiber did not disclose a valuation in this round. It is Spiber's first venture round on record, 11 years after it was founded in 2007. It is 10% of the $421M Spiber has raised in the venture rounds on record. Spiber raised again 33 months later: a Growth round of $312M in Sep 2021, at $1.21B post-money.
Investors
Who put money in
Cool Japan Fund led the round.
Lead investor
- Cool Japan Fund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 8 Jan 2019 | $50M | not disclosed | S2G Investments and Baird Capital |
| Chemicals | 3 Oct 2018 | $90M | not disclosed | Casdin Capital |
| Chemicals | 1 Jul 2018 | undisclosed | not disclosed | not named |
| Chemicals | 15 Oct 2019 | $38M | not disclosed | not named |
| Chemicals | 23 Dec 2019 | $200M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Spiber raise in its Growth round?
Spiber raised $44M in its Growth round, announced in Dec 2018.
Who led Spiber's Growth round?
Cool Japan Fund led it.
What was Spiber's valuation at the Growth round?
It was not disclosed.
Did Spiber raise again after this round?
Yes: a Growth round in Sep 2021 of $312M at $1.21B post-money.