FibeRio, a US-based developer and manufacturer of a nonwoven material, has raised $13m from two strategic investors. Saudi Basic Industries Corporation’s corporate venturing unit, Sabic Ventures, and Aster Capital Partners, a multi-corporate venturing fund sponsored by France-based industrial group Solvay, Schneider Electric and Alstom, led the investment in FibeRio. James Wilson, of Sabic’s Innovative Plastics…
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