# Grace Fiber Technology

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

- Industry: Materials
- Headquarters: Yibin, China
- Total disclosed funding: $124M
- Latest round: Series A (Apr 26, 2024)
- Investors on record: 1

## About

Based in Yibin, China, and founded in 2022, Grace Fiber Technology is a supplier of bio-based fibre products, focusing on the production of new green and low-carbon materials. The company is a subsidiary of Yibin Grace Group. In April 2024, it raised CNY 902 million in series A funding from new investor Juxin Development.

Grace Fiber Technology mainly provides bio-based fibre and lyocell fibre products. Bio-based fibres are fibres made from renewable organisms or biological extracts. Bio-based fibres can be classified as bio-based virgin fibres, bio-based regenerated fibres, and bio-based synthetic fibres.

The company generates revenue by offering bio-based fibre and lyocell fibre products.

## Funding rounds

- Series A, Apr 26, 2024, $124M — Sichuan Juxin-Development Investment Fund Management

## Investors

- Sichuan Juxin-Development Investment Fund Management (https://capitalatlas.ai/funds/sichuan-juxin-development-investment-fund-management) — Series A