Metsä Spring leads €3M funding round in Fiberwood to make insulation and packaging fossil-free
This 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.Helsinki, Finland (February 8th, 2023) Finnish startup Fiberwood , a producer of 100% ecological wood fibre insulation and packaging materials made from mechanical wood industry side streams, has raised €3M in late seed funding. The round was led by Metsä Group’s innovation company Metsä Spring , with participation from Stephen Industries