Carbitex, a manufacturer of flexible carbon fiber composites based in Kennewick, WA, announced that it closed on a new funding round to restructure the company for international expansion.
Longtime investors, including Executive Chairman Michael Marks, infused most of the capital into the company. Mark has over a reported 40 years of experience leading and transforming tech companies, including Flextronics and Tesla. He is a managing partner at Celesta Capital and has served as a board director for over 20 companies.
“Carbitex has made significant progress, assembling a capable team and laying a solid foundation for future growth,” said Marks. “I’m impressed by their progress and confident the company is set for an exciting future.”
After returning to an operational role as Carbitex’s President in 2023, founder Junus Khan led the company’s restructuring, including the appointment of Patrick Sinner to VP of Brand Product Development in 2023, and Filippo Sartor to VP of Global Sales and Sam Gardner to VP of Engineering and Operations earlier this year to “drive innovation and growth.”
“I’m proud of what our team has accomplished,” said Khan. “We’ve tackled hard challenges head-on and built a stronger, more agile Carbitex. This investment positions us to take the next step, and I’m excited about the breakthroughs we have in store that will push the boundaries of performance footwear and advanced materials.”
Carbitex’s patented materials are integrated across multiple footwear categories: run, cycling, soccer, watersports, snowboard, and golf. The company partners with Altra, Speedland, Lake, Scott, Payntr Golf, and FootJoy. It also partners with accessory brands Tumi, Pitaka, and Porsche Design.
Image courtesy Carbitex
