Fiberwood
Assembly Line
Fiberwood Raises €7.7 Million for the Development of Ecological Building Insulation and Packaging Materials
A Finnish materials technology startup, Fiberwood Ltd, has raised 7.7 million euros in growth funding from existing investors Metsä Spring and Stephen Industries, together with public financiers. The company is preparing to enter a commercial phase with the aim of international growth.
Fiberwood is a materials technology startup that develops fossil-free insulation and packaging materials from the forestry side streams and other natural fibres. The company unlocks the potential of leftovers by converting them into valuable, recyclable, and carbon-sequestering materials for various applications. Breathable and compostable insulation and packaging materials are ecological alternatives to mineral wool-based insulation and cellular plastic-based packaging cushioning.