Spinnova

Jyvaskyla, Finland Founded: 2015 • Age: 11 yrs
Developer of cellulose-based textile fibres
Annual revenue - Latest available
Total funding $17.7M 8 rounds
Employees - Tracked headcount
Investors 13 Known backers
Products 2 Services tracked
Competitors 9 Brand Intelligence

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
  • Sectors
    Chemicals & Materials
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Spinnova Plc
Operational Areas
Chemicals & Materials → Advanced & Functional Materials Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $17.68 M (USD)

    in 8 rounds

  • Latest Funding Round
    $2.08 M (USD), Grant

    Aug 14, 2023

  • Investors
    Lenzing

    & 12 more

  • Employee Count
    Not available
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Products & Services of Spinnova

Spinnova offers a comprehensive portfolio of products and services, including SPINNOVA® fibre and Spinnova Technology.

Product name locked
Category locked
Primary

Textile fibre made from wood pulp without harmful chemicals.

Product name locked
Category locked
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Patented method for refining raw materials into textile fibre.

People of Spinnova

Headcount 10-50
Employee Profiles 13
Board Members and Advisors 1
Employee Profiles
People
Allan Andersen
Chief Sales Officer
People
Pasi Selenius
Development Manager
People
Pia Vento
Laboratory Manager
People
Petri Poranen
Chief Operating Officer

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Board Members and Advisors
people
Janne Poranen
Chair of Board & Co-Founder

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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.

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.

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Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
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A family-owned investment company based in Helsinki, Finland.
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Investment promotion and innovation funding services are provided to businesses.
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Investor details for Spinnova

Investor domains, locations, round participation, and complete history require an active premium plan.

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Investments & Acquisitions by Spinnova

Investments
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Investment portfolio details for Spinnova

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  • Transaction dates
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Financial Statements - Spinnova

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Detailed financials for Spinnova

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  • Profit trends
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Spinnova Comparisons

Spinnova Primary company
Description
Developer of cellulose-based textile fibres
Location
Jyvaskyla, Finland
Founded Year
2015
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Spinnova

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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.

Company Name Domain Founded year HQ Location Description
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Biodegradable fibres are produced from recycled cellulosic materials.
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Sustainable building materials are developed from recycled cellulose fibers.
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Plant-based biomaterials are developed for tissue repair and regeneration.
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Bio-composite materials are developed from renewable biomass sources.
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Recyclable cellulose-based foam is developed for biodegradable manufacturing platforms.
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Detailed competitors of Spinnova

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Latest news on Spinnova

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Complete news archive for Spinnova

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Frequently Asked Questions about Spinnova

Spinnova was founded in 2015.

Spinnova is headquartered in Jyvaskyla, Finland.

Spinnova is a funded company, having raised a total of $17.68M across 8 funding rounds to date.

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.

Spinnova's top competitors include ECOR Global, Renewcell and InventWood.

Spinnova offers SPINNOVA® fibre and Spinnova Technology.

Spinnova has 13 investors. Key investors include Lenzing, Adidas Group, European Union, Business Finland, and Finpro.

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