Carbitex secures capital for next phase of growth in carbon fiber plate footwear
Carbitex Inc. announces the close of a recent funding round, aiding its 2-year effort to restructure the company and expand its global market presence.
Source (All Images) Carbitex Inc.
Carbitex Inc. (Kennewick, Wash., U.S.) has announced the successful close of a new funding round, marking the culmination of a 2-year effort to restructure the company. With five times sales growth projected in 2025, Carbitex is planning to strategically expand its global market presence.
Carbitex’s patented materials for shoe insoles under the MonoFlex, GearFlex and OmniFlex names, composed of flexible carbon fiber composites, are integrated across multiple footwear categories including run, cycling, soccer, watersports, snowboard and most recently, golf. The company partners with brands like Altra, Speedland, Lake, Scott, Payntr Golf and FootJoy, as well as bag and accessory brands Tumi, Pitaka and Porsche Design.
The majority of the company’s capital comes from longtime investors, including Michael Marks, Carbitex’s executive chairman. Marks, with 40 years of experience leading and transforming technology companies, including Flextronics and Tesla. is currently a founding managing partner at Celesta Capital and has served as a board director for more than 20 companies.
“Carbitex has made significant progress, assembling a capable team and laying a solid foundation for future growth,” says Marks. “I’m impressed by its progress and confident the company is set for an exciting future.”
Carbitex A600 series.
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 vice president of brand product development in 2023, Filippo Sartor to vice president of global sales and Sam Gardner to the role of vice president of engineering and operations earlier this year. Since then, the company says it has realigned with its vision and with a team prepared to drive innovation and growth.
“I’m proud of what our team has accomplished,” says 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.”
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