Compositence Raises Equity Financing

Compositence GmbH, a Leonberg near Stuttgart, Germany-based provider of solutions for serial production using carbon and glass fibers, raised an undisclosed amount of equity financing.

The round was led by Zukunftsfonds Heilbronn, with participation from Mittelständische Beteiligungsgesellschaft Baden-Württemberg (MGB) and High-Tech Gründerfonds.

Co-founded in 2008 by Ingo Karb and Volker Witzel, Compositence has developed a production process through which components – made of high-performance fibers such as carbon – can be produced with automation and cutting scrap.
Typical applications include load-bearing planar components such as auto body parts, rotor blades in wind turbines, or components used in industry or mechanical engineering.



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