# FibeRio Technology Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fiberio-technology

- Industry: Materials
- Headquarters: McAllen, US
- Website: www.fiberiotech.com
- Total disclosed funding: $14M
- Latest round: Series C (Feb 25, 2013)
- Investors on record: 6

## About

FibeRio Technology Corporation develops innovative fiber production technology that enhances operational efficiency in manufacturing. Their solutions serve various industries by optimizing processes and performance through advanced technology offerings.FibeRio Technology Corporation specializes in fiber production technology. Founded in 2009 in McAllen, US, the company has undergone significant development, culminating in a TRADE SALE to Clarcor, Inc. in February 2016 for USD 8.03 mn. The company has successfully completed a total of 5 deals since its inception.FibeRio Technology Corporation's primary offerings focus on innovative fiber production technology designed to enhance operational efficiencies. Their solutions target manufacturing sectors, optimizing production processes and performance. They also offer consulting services, including implementation and ongoing maintenance, to facilitate seamless integration of their technology. Their products are marketed in North America and Europe, catering to a diverse clientele ranging from small to large corporations.FibeRio Technology Corporation operates on a subscription-based revenue model, allowing clients tiered access to their technology solutions. Clients enter annual contracts with upfront payments, ensuring consistent cash flow. Additional revenue comes from consulting services for implementation and training, reinforcing client engagement. This dual revenue model supports both B2B and direct-to-consumer initiatives, fostering long-term partnerships.Following its acquisition by Clarcor, Inc. in February 2016, FibeRio Technology Corporation aims to enhance its product offerings and expand its market reach. The company is currently designing new fiber production technology solutions to be launched in the next fiscal year. Additionally, they plan to expand into the Asian market by 2025. The funding from the recent TRADE SALE will be utilized to support these development initiatives and market expansion efforts.

## Funding rounds

- Series C, Feb 25, 2013, $9.2M — Aster Capital, Silverton Partners, Cottonwood Technology Fund, University of Texas System, SABIC Ventures, The State of Texas
- Series B, Sep 20, 2011, $3.6M — Silverton Partners, Cottonwood Technology Fund
- Series A, Jan 10, 2011, $0.6M — Cottonwood Technology Fund
- Series A, Jul 31, 2010, $0.7M — Cottonwood Technology Fund

## Investors

- Cottonwood Technology Fund (https://capitalatlas.ai/funds/cottonwood-technology-fund) — Series A, Series B, Series C
- Silverton Partners (https://capitalatlas.ai/funds/silverton-partners) — Series B, Series C
- Aster Capital (https://capitalatlas.ai/funds/aster-capital) — Series C
- University of Texas System — Series C
- SABIC Ventures (https://capitalatlas.ai/funds/sabic-ventures) — Series C
- The State of Texas — Series C