Spinnova, based in Finland, is a sustainable fiber company developing textile fiber directly out of pulp without harmful chemical processes. It has recently attracted new financing and investments, stepping into the next phase of the company’s growth story. Developing the world’s most sustainable textile fiber, the company will ramp up its pilot factory in Finland.

The investments will turn Spinnova into a new, Finnish export superstar. They will combine high-level sustainability and huge potential; for good as well as for profits.

The development of the Spinnova fiber has exceeded expectations. In addition to Finnish design house Marimekko, Spinnova has joint product development underway with several other partners. The fiber innovation has raised wide interest from global textile brands, many of which have committed to challenging sustainability goals.

Thanks to its financiers, starting the pilot factory and product development work are moving full speed ahead. Licensing the technology now being developed in Finland is the company’s most likely future business model, so piloting the technology concept on an industrial scale is now Spinnova’s main priority.

Spinnova’s majority shareholder is Brazilian cellulose company Fibria, which invested five million euro in the company in 2017. Spinnova’s ownership base has also changed.