# Fibracast closes $44.6 million financing round

Fibracast Ltd. closed a $44.6 million issue of Class A Preferred Shares, led by Cycle Capital and including Export Development Canada, to increase manufacturing capacity and expand its technology platform.

- Type: Investment
- Announced: 2023-10-30
- Where: Hamilton, Ontario, Canada
- Value: $44.6M
- Status: completed
- Products: membrane technology for water and wastewater treatment
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Fibracast](https://endata.com/companies/73343.md)
- [Export Development Canada](https://endata.com/companies/25516.md) (investor)
- [Cycle Capital](https://endata.com/companies/73344.md) (investor)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20231030891265/en/Fibracast-Announces-Closing-of-%2444.6-Million-Round), 2023-10-30: "The new growth capital will enable us to increase our manufacturing capacity, expand our technology platform, and build up our marketing team."
- [finsmes.com](https://www.finsmes.com/2023/10/fibracast-closes-44-6m-financing-round.html), 2023-10-30: "The company intends to use the funds to increase its manufacturing capacity, expand its technology platform, and build up its marketing team."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.