Fiberstar Secures $10,640,000 New Financing Round

  • Feed Type
  • Date
    7/19/2013
  • Company Name
    Fiberstar
  • Mailing Address
    713 St. Croix Street River Falls, WI 54022
  • Company Description
    Fiberstar, Inc. is a privately owned research and development company focusing on improving food freshness and nutrition through technological innovation. It also operates a manufacturing facility that produces its Citri-Fi line of products.
  • Website
    http://www.fiberstar.net
  • Transaction Type
    Debt
  • Transaction Amount
    $10,640,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company intends to use the proceeds to quadruple its production capacity, support the market introduction of its new gelling ingredient, Citri-Gel and as working capital to support its growth.
  • M&A Terms
  • Venture Investor
    Associated Bank
  • Venture Investor
    Spell Capital Mezzanine Partners SBIC

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