Natural Fiber Welding, Inc.

New Markets Tax Credit Coalition

Peoria,
IL
(2021)

Natural Fiber Welding, Inc.

Business Development, Manufacturing

Natural Fiber Welding, Inc. closed $15M in NMTC funding, accelerating growth of the company to meet the demand of MIRUM® and CLARUS® product lines.

Investment

NMTC Amount: $15,000,000
Total Project Cost: $15,000,000

IMPACT

400 FTE jobs

CDEs

Community Development Venture Capital Alliance

Investor

Unknown

Project Description

Natural Fiber Welding, Inc. (NFW) closed $15M in new funding, accelerating growth of the company to meet the demand of MIRUM® and CLARUS® product lines. The 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. With this new funding, NFW will continue to scale production to meet the needs of existing partnerships and move into new markets like the automotive industry that need a permanent, sustainable solution to replace a reliance on synthetic materials.

MAP

Address: 6533 North Galena Rd, Peoria, IL 61614

Census Tract: 17143003300

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