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 | Advantage Capital, Aiim Partners, Bmw I Ventures, Central Illinois Angels, Collaborative Fund, Engine No.1, Evolution Vc Partners, Gaingels, Lewis & Clark Agrifood, Raga Partners, Ralph Lauren Corporation, Scrum Ventures, Tattarang, Tidal Impact | |
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
6.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Advantage Capital, Aiim Partners, Bmw I Ventures, Central Illinois Angels, Collaborative Fund, Engine No.1, Evolution Vc Partners, Gaingels, Lewis & Clark Agrifood, Raga Partners, Ralph Lauren Corporation, Scrum Ventures, Tattarang, Tidal Impact
|
||||||
07/13/2021 | Series B-2 | $5.46MM | $xx.xx | $207.59MM | Bmw I Ventures, Ethos, Evolution Vc Partners, For Good Ventures, Prairie Crest Capital, The Community Development Venture Capital Alliance | |
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
6.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bmw I Ventures, Ethos, Evolution Vc Partners, For Good Ventures, Prairie Crest Capital, The Community Development Venture Capital Alliance
|
||||||
07/13/2021 | Series B-1 | $15.53MM | $xx.xx | $207.59MM | Bmw I Ventures, Ethos, Evolution Vc Partners, For Good Ventures, Prairie Crest Capital, The Community Development Venture Capital Alliance | |
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
6.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bmw I Ventures, Ethos, Evolution Vc Partners, For Good Ventures, Prairie Crest Capital, The Community Development Venture Capital Alliance
|
||||||
08/13/2020 | Series A-1 | $1.11MM | $xx.xx | $99.61MM | Allbird, Capital V, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation | |
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
6.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allbird, Capital V, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation
|
||||||
08/13/2020 | Series A-2 | $1.25MM | $xx.xx | $99.61MM | Allbird, Capital V, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation | |
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
6.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allbird, Capital V, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation
|
||||||
08/13/2020 | Series A-3 | $24.64MM | $xx.xx | $99.61MM | Allbird, Capital V, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation | |
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
6.0%
Cumulative
Cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Allbird, Capital V, Central Illinois Angels, Prairie Crest Capital, Ralph Lauren Corporation
|