23 May 2024 --- Fiberwood has raised €7.7 million (US$8.3 million) in growth funding from existing investors Metsä Spring, Stephen Industries and public financiers for its fossil-free packaging. The company is preparing to enter a commercial phase with the aim of international growth. The Finnish materials technology start-up has developed a production process to produce circular, fossil-free insulation and packaging materials from forestry side streams and other natural fibers. “Our products offer eco-friendly, recyclable and resource-efficient alternatives to traditional mineral wool-based insulation and cellular plastic-based packaging cushioning. Additionally, we enable the use of sustainable products in entirely new applications,” says Fiberwood’s CEO, Tage Johansson.
