<ul><li>Kennewick-based Carbitex, a maker of flexible carbon fiber composites for footwear and luggage, raised $3.3 million in funding, led by longtime investor Michael Marks.</li><li>Carbitex sells its materials to brand partners who integrate them into running, cycling, soccer, watersports, snowboarding, and golf footwear.</li><li>Carbitex has raised a total of $28 million since its founding in 2012 and is forecasting 5X revenue growth for 2025.</li><li>The company recently went through a restructuring effort, with Junus Khan returning as president and making key executive hires.</li></ul>

Carbitex, makers of carbon fiber materials for footwear, raises $3.3M

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