Growthdeck led the round with participation from existing investors IP Group and Parkwalk.
"We’re excited to be backing a business that solves such a vitally important and growing issue – the preservation of data, now and in the future."
The £650k fundraise surpassed the company original target of £500k.
The funding round was led by Midven alongside private investor network Growthdeck.
"As soon as I visited their West Midlands production facility, I could see Carbon Fibre Preforms had the potential to become a great British engineering success story. This investment is also a first for us, co-investing with the Midven VC team, who have also bought into the potential markets for CFP’s revolutionary material."
The private raise was facilitated by Growthdeck to fund a complementary business acquisition.
Midven led the equity investment alongside the Growthdeck private investor network.
"We knew as soon as we heard about this process that it had tremendous value with huge potential demand. And we are really excited that after a short period establishing supply of raw materials, production methods and a demand pipeline, we are ready to launch this revolutionary product onto the global market."
