Spiber receives ¥6.5 billion in funding

April 30, 2019
Accelerating Materials Innovation More...
by Gihan Hewage
Very important

The funding, roughly $58 million, comes from Mitsubishi UFJ Lease & Finance and will contribute to expanding Spiber's capacity in Thailand and increasing and improving its fiber spinning capabilities. The spider silk space has shifted focus from textiles to cosmetics and composite applications due to challenges in scaling both protein production and spinning fibers. Hence, this funding has potential to help bring Spiber's Moon Parka, initially targeted for 2016, to market.

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Further Reading


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AMSilk, founded in October 2008, is a spinoff from Germany's Technical University of Munich (TUM); the startup has grown its company to more than 30 employees and has raised more than $30 million; the company has more than 30 patents, which include methods for its silk protein production and ... Not part of subscription


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Utilizes a fermentation platform to produce synthetic structural proteins, under the brand name "Brewed Protein," from a regionally dependent sugar feedstock Currently building a production facility with a few hundred tons of capacity per year in Thailand that is expected by the end of 2021; ... Not part of subscription

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