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Startup Natural Fiber Welding raises USD15 million

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Investor BMW i Ventures views NFW’s material technology as key to further advance the decarbonization of the automotive industry

Illinois-based materials company Natural Fibre Welding (NFW) has raised USD 15 million in new funding, the company said in a press release on 13 July. The funding round was led by The Community Development Venture Capital Alliance (CDVCA), with participation by BMW i Ventures, Prairie Crest Capital, Ethos, For Good Ventures, and Evolution VC Partners.

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