About Fiberstar
Fiberstar is a Consumer company based in Minneapolis (United States) founded in 1998. Functional food fibers are produced to enhance texture and nutrition. Fiberstar has raised $4.19 million across 7 funding rounds from investors including United States Department of Agriculture, Associated Bank and Spell Capital Mezzanine. Fiberstar offers products and services including Citri-Fi Citrus Fiber. Its focus areas include Food and Agriculture Tech, Food Tech, Novel Foods and Food Ingredients. Its legal entity is Fiberstar, Inc. Its competitors include TerViva, Motif FoodWorks and MycoTechnology; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 1998 in Minneapolis, United States, Fiberstar is engaged in the biotechnology sector. Value-added ingredients for food applications are manufactured and marketed by the company. The primary product, Citri-Fi, consists of natural citrus fiber created via a proprietary patented process. Moisture management, texture improvement, and nutritional enhancement are achieved in diverse food uses. Operations emphasize natural components in production.
- Headquarters Minneapolis, United States
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website fiberstar.net
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Fiberstar, Inc.
- Total Equity Funding$4.19M (USD)
in 7 rounds
- Latest Funding Round$650K (USD), Grant
Sep 2022
- Investors
Products & Services of Fiberstar
Fiberstar offers a comprehensive portfolio of products and services, including Citri-Fi Citrus Fiber.
Natural fiber that improves texture and stability in food products.
Apps and channels of Fiberstar
its YouTube channel Fiberstar, Inc. has 265 subscribers and 30 videos.
Videos from Fiberstar
The most watched videos on Fiberstar's YouTube channel, Fiberstar, Inc. (265 subscribers). Click a video to play it here.
More on Fiberstar, Inc..
Funding Insights of Fiberstar
Fiberstar has successfully raised a total of $4.19M across 7 strategic funding rounds. The most recent funding activity was a Grant round of $650 thousand completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.19M
- Total Rounds 7
- Last Round Grant — $650,000
- First Round $2.82M
(Dec 2003)
- Investors Count 3
All 7 funding rounds of Fiberstar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2022 | $650,000 | Grant | – | – | |
| Jul 2021 | $100,000 | Grant | – | – | |
| Aug 2013 | $2.5M | Debt – Conventional | – | – | |
| Jul 2013 | $10.64M | Debt – Conventional | – | – | |
| Jun 2006 | $112,500 | Series A | – | – | – |
| Dec 2003 | $1.27M | Series A | – | – | – |
| Dec 2003 | $2.82M | Series A | – | – | – |
3 investors in total: 3 institutional.
Investors in Fiberstar
Fiberstar has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include United States Department of Agriculture, Associated Bank and Spell Capital Mezzanine.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Leadership is provided on agriculture, food, and rural development matters. | 1862 | usda.gov | ||
| spellcapitalmezz.com | ||||
Associated Bank is engaged in providing banking and financial services. | 1861 | associatedbank.com | Green Bay, United States |
Investor details for Fiberstar
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- Round participation
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People of Fiberstar
11 people are tracked at Fiberstar (9 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
John Haen | President and CEO | Leadership |
Erika Saunders | Human Resources Director | Leadership |
Dustin Scheffler | Director Of Operations & Engineering | Leadership |
Nick Kovalenko | Vice President Of Global Sales | Leadership |
Vince Fusco | CFO | Leadership |
Tasha Burilini-Olson | Director Of Quality & Food Safety | Leadership |
Brock Lundberg | Division President-r&d | Leadership |
Shuai Li | R&d Director | Leadership |
Jennifer J. Stephens | VP Of Marketing | Leadership |
Stefanos Psilopoulos | Technical Sales Manager Europe | Team |
Sara Schultz | Production Supervisor | Team |
Complete people profiles for Fiberstar
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Fiberstar
3 dated milestones of Fiberstar across 24 years, from founding to its latest funding, stage changes and deals.
- Founded Fiberstar is founded.
- Funding First funding round of $2.8M.
- Funding Latest funding round, Grant, of $650K.
Competitors of Fiberstar
Fiberstar has 3 listed competitors in our database, 3 of them funded. They include TerViva, Motif FoodWorks and MycoTechnology.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| terviva.com | 2010 | Alameda, United States | $98.87M | Plant-based food ingredients are processed from pongamia seeds. | ||
| madewithmotif.com | 2019 | Boston, United States | $343.63M | Alternative food ingredients are developed via fermentation and biotechnology. | ||
| mycoiq.com | 2013 | Aurora, United States | $274.96M | Mushroom fermentation is used to develop plant-based food ingredients. |
Detailed competitors of Fiberstar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Fiberstar
The website of Fiberstar (fiberstar.net) receives about 2.5K visits a month.
- Monthly visits2.5K
▼ 21.7% vs previous month
Websites whose visitors overlap most with Fiberstar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| diana-food.com | 100% | 5.8K | #3,364,937 | View details | |
foodnavigator.com | foodnavigator.com | 76% | #260,984 | – | |
purenat.com | purenat.com | 47% | – |
Top companies in Food & Beverage Platforms
3 companies that operate in the same segment as Fiberstar (Food & Beverage Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 |
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Related news about Fiberstar
Complete news archive for Fiberstar
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Frequently Asked Questions about Fiberstar
Fiberstar was founded in 1998 and raised its 1st funding round 5 years after it was founded.
Fiberstar is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Fiberstar is a funded company, having raised a total of $4.19M across 7 funding rounds to date. The company's 1st funding round was a Series A of $2.82M, raised on Dec 2003.
Founded in 1998 in Minneapolis, United States, Fiberstar is engaged in the biotechnology sector. Value-added ingredients for food applications are manufactured and marketed by the company. The primary product, Citri-Fi, consists of natural citrus fiber created via a proprietary patented process. Moisture management, texture improvement, and nutritional enhancement are achieved in diverse food uses. Operations emphasize natural components in production.
Fiberstar's top competitors include TerViva, MycoTechnology and Motif FoodWorks.
Fiberstar offers Citri-Fi Citrus Fiber.
Fiberstar has 3 investors. Key investors include United States Department of Agriculture, Associated Bank, and Spell Capital Mezzanine.
Fiberstar operates through Fiberstar, Inc..