Natural Fiber Welding was founded in 2015 by Luke Haverhals. The company has not publicly endorsed plans to participate in an IPO.
Natural Fiber Welding is a material science company developing technology to make sustainable textiles with plants and other natural fibers. The company aims to make its technology fully scalable and economically competitive. Haverhals and NFW CTO Aaron Amstutz were awarded the Intellectual Property Owners Education Foundation's Inventor of the Year award in 2022. Natural Fiber Welding has raised more than $175 million in venture capital funding from investors including Tidal Impact, Tattarang, Scrum Ventures, and Ralph Lauren. The company did not disclose valuation figures following an $85 million fundraising round in 2022.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/12/2022 | Series B-3 | $65.15MM | $xx.xx | $294.72MM | Evolution VC Partners, Tattarang, Lewis & Clark AgriFood, Collaborative Fund, AiiM Partners, Engine No.1, Raga Partners, Tidal Impact, Scrum Ventures, Gaingels, BMW i Ventures, Ralph Lauren Corporation, Advantage Capital, Central Illinois Angels | |
Price per Share
$xx.xx
Shares Outstanding
3,090,556
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Evolution VC Partners, Tattarang, Lewis & Clark AgriFood, Collaborative Fund, AiiM Partners, Engine No.1, Raga Partners, Tidal Impact, Scrum Ventures, Gaingels, BMW i Ventures, Ralph Lauren Corporation, Advantage Capital, Central Illinois Angels
|
||||||
07/13/2021 | Series B-2 | $5.46MM | $xx.xx | $207.59MM | The Community Development Venture Capital Alliance, BMW i Ventures, Prairie Crest Capital, Ethos, For Good Ventures, Evolution VC Partners | |
Price per Share
$xx.xx
Shares Outstanding
272,435
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
The Community Development Venture Capital Alliance, BMW i Ventures, Prairie Crest Capital, Ethos, For Good Ventures, Evolution VC Partners
|
||||||
07/13/2021 | Series B-1 | $15.53MM | $xx.xx | $207.59MM | The Community Development Venture Capital Alliance, BMW i Ventures, Prairie Crest Capital, Ethos, For Good Ventures, Evolution VC Partners | |
Price per Share
$xx.xx
Shares Outstanding
866,764
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
The Community Development Venture Capital Alliance, BMW i Ventures, Prairie Crest Capital, Ethos, For Good Ventures, Evolution VC Partners
|
||||||
08/13/2020 | Series A-3 | $24.64MM | $xx.xx | $99.61MM | Allbird, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation, Capital V | |
Price per Share
$xx.xx
Shares Outstanding
2,478,598
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Allbird, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation, Capital V
|
||||||
08/13/2020 | Series A-2 | $1.25MM | $xx.xx | $99.61MM | Allbird, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation, Capital V | |
Price per Share
$xx.xx
Shares Outstanding
277,774
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Allbird, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation, Capital V
|
||||||
08/13/2020 | Series A-1 | $1.11MM | $xx.xx | $99.61MM | Allbird, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation, Capital V | |
Price per Share
$xx.xx
Shares Outstanding
249,996
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
600.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Allbird, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation, Capital V
|