Metsä Spring leads funding round in Fiberwood to make insulation and packaging fossil free
Metsä Group press release 7 February 2023This Finnish startup upcycles side streams of the mechanical wood industry to create 100% ecological and recyclable insulation and packaging materials that are free from fossil-based materials. Finnish startup Fiberwood, a producer of 100% ecological wood fibre insulation and packaging materials made from mechanical wood industry side streams, has raised a late seed funding round. The round was led by Metsä Group’s innovation company Metsä Spring, and the round included public financing from Business Finland. The funding will be used to develop