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
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Spinnova Plc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
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
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Spinnova
Spinnova offers a comprehensive portfolio of products and services, including SPINNOVA® fibre and Spinnova Technology.
Textile fibre made from wood pulp without harmful chemicals.
Patented method for refining raw materials into textile fibre.
People of Spinnova
Unlock access to complete
Unlock access to complete
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
-
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 |
|
| Oct, 2022 | Amount | Grant - Spinnova | Valuation |
investors |
|
| Jun, 2021 | Amount | Series B - Spinnova | Valuation | Adidas Group |
|
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
A family-owned investment company based in Helsinki, Finland.
|
Founded Year | Domain | Location | |
|
Investment promotion and innovation funding services are provided to businesses.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Spinnova
Financial Statements - Spinnova
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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Biodegradable fibres are produced from recycled cellulosic materials.
|
|
| domain | founded_year | HQ Location |
Sustainable building materials are developed from recycled cellulose fibers.
|
|
| domain | founded_year | HQ Location |
Plant-based biomaterials are developed for tissue repair and regeneration.
|
|
| domain | founded_year | HQ Location |
Bio-composite materials are developed from renewable biomass sources.
|
|
| domain | founded_year | HQ Location |
Recyclable cellulose-based foam is developed for biodegradable manufacturing platforms.
|
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. The company's 1st funding round was a Series B of $3.56M, raised on Feb 01, 2015.
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.