Cambium’s $100M Series B Fuels a New Model for Advanced Materials at Global Scale
McLean, VA — Jan. 5, 2025 — Veteran Ventures Capital (VVC) today announced its participation in the $100 million Series B financing of Cambium (Fund I), led by 8VC with strategic participation from MVP Ventures, Lockheed Martin Ventures, GSBackers, J17 Ventures, Vanderbilt University, Alumni Ventures, and several others. Cambium is a vertically integrated advanced materials company building next-generation composites and polymers for defense, aerospace, space, and other high-performance industrial markets. The investment deepens VVC’s long-standing partnership with Cambium and reinforces the firm’s conviction that advanced materials are a strategic asset underpinning national security and industrial resilience.
Founded to reimagine how critical materials are discovered, qualified, and produced, Cambium combines AI-driven materials science with defense-grade manufacturing to deliver mission-ready solutions at unprecedented speed. The Series B financing supports Cambium’s acquisition of SHD Composites, a profitable, globally recognized advanced composites manufacturer with production assets across the U.S., U.K., and Europe—transforming Cambium into a full-stack advanced materials platform with immediate scale and cash-generating operations.
“This investment reflects a deeper commitment to rebuilding the industrial foundations that underpin our national security,” said Derren Burrell, Founder and Managing Partner of Veteran Ventures Capital. “Cambium is helping ensure that the most critical materials — those that protect service members, power advanced platforms, and secure allied supply chains — are designed, manufactured, and scaled by trusted partners in the United States and across our closest allies. That matters for our security today and for generations to come.”
Cambium works closely with the U.S. Department of Defense, allied governments, and Tier 1 primes to deliver high-performance composites and polymers for applications including hypersonics, directed energy protection, advanced optics, space systems, and next-generation air and maritime platforms. By integrating AI-enabled discovery with domestic and allied manufacturing, Cambium addresses a critical gap left by legacy materials suppliers that were not designed for today’s pace of innovation or geopolitical realities.
“Veteran Ventures Capital has been a trusted partner to Cambium across multiple stages of our growth,” said Simon Waddington, Co-Founder and CEO of Cambium. “They have taken a long-term view of what it takes to build an enduring advanced materials company and have been instrumental in helping us think strategically about scale, governance, and execution in our defense programs and opportunities. With 8VC leading this round, the integration of SHD Composites, and the addition of new independent board leadership, Cambium is positioned to execute on a generational opportunity.”
The combination of Cambium and SHD Composites creates a uniquely positioned Western advanced materials company capable of serving urgent defense requirements while expanding into commercial aerospace, space, marine, energy, and other high-performance markets. With an established revenue base, expanding government and prime contractor relationships, and a clear acquisition-driven growth strategy, Cambium is positioned to become a foundational supplier across multiple critical industries.
About Veteran Ventures Capital
Veteran Ventures Capital invests in dual-use national security technologies, focusing on companies led by veteran entrepreneurs and mission-driven leaders. The firm backs platforms that strengthen U.S. technological leadership across defense, aerospace, cybersecurity, autonomy, and advanced manufacturing. VVC’s portfolio includes companies such as Cambium Biomaterials, Vatn Systems, Hidden Level, Agile Space Industries, and Asylon Robotics. For more information, visit www.veteranventures.us and follow the firm on LinkedIn.
About Cambium Biomaterials
Cambium is redefining how advanced materials are discovered, designed, and manufactured. The company develops next-generation advanced materials for defense dual-use applications that enhance performance and survivability across land, air, sea, and space. Cambium's proprietary materials platform molecularly re-engineers polymers from first principles, combining AI-driven molecular design with state-of-the-art chemistry, materials science, and biology. The result is exceptional performance, manufacturability, and speed from concept to production. Manufacturing is carried out through a secure, flexible, and scalable domestic supply chain, enabling defense and commercial innovators to move from prototype to full-scale production in record time. Please visit cambium-usa.com.
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