Innomost raises €5M to replace palm oil, fossil fuels and food origin ingredients in consumer products
This Finnish startup upcycles valuable birch bark compounds to replace environmentally harmful ingredients in products from cosmetics to pharmaceuticalsFinnish startup Innomost has raised €5M to bring their birch bark innovation into new markets as a sustainable alternative for environmentally harmful ingredients in consumer products. The funding round was led by Metsä Spring Ltd. with Innovestor and angel investors joining the round. The round was completed with grants and loans from Business Finland as