About Spinnova
Spinnova is a company based in Jyvaskyla (Finland) founded in 2015.. Spinnova has raised $17.68 million across 8 funding rounds from investors including Lenzing, Adidas Group and European Union. Spinnova offers products and services including SPINNOVA® fibre and Spinnova Technology. Spinnova operates in a competitive market with competitors including Renewcell, ECOR Global, Spiderwort, INCA Renewtech and Woamy, among others.
- Headquarter Jyvaskyla, Finland
- Stage Public
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Sectors
Chemicals & Materials
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Spinnova Plc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$17.68 M (USD)
in 8 rounds
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Latest Funding Round
$2.08 M (USD), Grant
Aug 14, 2023
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Investors
Lenzing
& 12 more
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Employee Count
Employee Count
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Products & Services of Spinnova
Spinnova offers a comprehensive portfolio of products and services, including SPINNOVA® fibre and Spinnova Technology. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Textile fibre made from wood pulp without harmful chemicals.
Patented method for refining raw materials into textile fibre.
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Funding Insights of Spinnova
Spinnova has successfully raised a total of $17.68M across 8 strategic funding rounds. The most recent funding activity was a Grant round of $2.08 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Grant — $2.1M
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First Round
First Round
(01 Feb 2015)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Grant - Spinnova | Valuation |
investors |
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| Oct, 2022 | Amount | Grant - Spinnova | Valuation |
investors |
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| Jun, 2021 | Amount | Series B - Spinnova | Valuation | Adidas Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spinnova
Spinnova has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Lenzing, Adidas Group and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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A family-owned investment company based in Helsinki, Finland.
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Founded Year | Domain | Location | |
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Investment promotion and innovation funding services are provided to businesses.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spinnova
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spinnova
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spinnova Comparisons
Competitors of Spinnova
Spinnova operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Renewcell, ECOR Global, Spiderwort, INCA Renewtech and Woamy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Biodegradable fibres are produced from recycled cellulosic materials.
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| domain | founded_year | HQ Location |
Sustainable building materials are developed from recycled cellulose fibers.
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| domain | founded_year | HQ Location |
Plant-based biomaterials are developed for tissue repair and regeneration.
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| domain | founded_year | HQ Location |
Bio-composite materials are developed from renewable biomass sources.
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| domain | founded_year | HQ Location |
Recyclable cellulose-based foam is developed for biodegradable manufacturing platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spinnova
Frequently Asked Questions about Spinnova
When was Spinnova founded?
Spinnova was founded in 2015.
Where is Spinnova located?
Spinnova is headquartered in Jyvaskyla, Finland.
Is Spinnova a funded company?
Spinnova is a funded company, having raised a total of $17.68M across 8 funding rounds to date. The company's 1st funding round was a Series B of $3.56M, raised on Feb 01, 2015.
What does Spinnova do?
Spinnova was founded in 2015 in Jyvaskyla, Finland, as a developer in the sustainable materials sector. Wood and wood pulp are converted into micro-fibrillated cellulose fibres, which are then woven into biodegradable fabrics. Operations focus on applications within apparel, footwear, accessories, and home textiles, supporting eco-friendly textile production across these areas.
Who are the top competitors of Spinnova?
Spinnova's top competitors include ECOR Global, Renewcell and InventWood.
What products or services does Spinnova offer?
Spinnova offers SPINNOVA® fibre and Spinnova Technology.
Who are Spinnova's investors?
Spinnova has 13 investors. Key investors include Lenzing, Adidas Group, European Union, Business Finland, and Finpro.