What is Fiberstar?
Fiberstar, Inc. specializes in the development and distribution of Citri-Fi, a proprietary natural citrus fiber renowned for its exceptional water-holding and emulsification capabilities. By repurposing byproducts from the citrus juicing industry, the company provides food manufacturers with a sustainable, non-GMO, and organic-certified ingredient that enhances the texture, stability, and nutritional profile of diverse applications, including meats, bakery, dairy, and beverages. Fiberstar operates at the intersection of food science and sustainability, catering to professionals who prioritize clean-label transparency without compromising on product performance or quality standards.
How much funding has Fiberstar raised?
Fiberstar has raised a total of $14.8M across 6 funding rounds:
Debt
$10.6M
Unspecified
$500K
Debt
$350K
Debt
$732K
Debt
$2.6M
Debt
$2K
Debt (2013): $10.6M with participation from Associated Bank, N.A.
Unspecified (2013): $500K, investors not publicly disclosed
Debt (2020): $350K supported by PPP
Debt (2021): $732K featuring PPP
Debt (2024): $2.6M backed by Alerus Financial
Debt (2024): $2K with participation from Ready Capital
Key Investors in Fiberstar
Associated Bank, N.A.
Founded in 1861 and headquartered in Green Bay, Wisconsin, Associated Banc-Corp is a Midwest banking franchise, offering a full range of financial products and services including commercial banking and real estate lending.
Alerus Financial
A diversified financial services company providing comprehensive banking, mortgage, and wealth management solutions to commercial and individual clients.
Ready Capital
A multi-strategy real estate finance company that provides debt financing solutions to small and medium-sized businesses across various sectors.
What's next for Fiberstar?
With the successful closure of this recent financing, Fiberstar is well-positioned to accelerate its operational capacity and expand its market reach. The strategic allocation of this capital will likely focus on optimizing supply chain efficiencies and deepening the company's penetration into high-growth food categories. As the demand for sustainable, plant-based ingredients continues to rise, Fiberstar's ability to maintain high-quality regulatory compliance while scaling its manufacturing processes will be critical. The company is expected to leverage this financial momentum to further innovate its product portfolio, ensuring it remains a preferred partner for global food brands seeking to meet evolving consumer expectations for clean-label, functional ingredients.
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