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#Sustainability

Spinnova’s technology for sustainable textile fibres gets 11 MEUR investment for commercial scaling

With new growth capital of 11 million euros, the sustainable fibre technology company Spinnova is now starting the commercialization phase of the world’s most sustainable textile fibre. The company aims to revolutionize the raw material base of the textile industry with its cellulose-based fibre products in collaboration with major textile brands.

Spinnova is a Finnish, sustainable deeptech company that has developed a disruptive technology for manufacturing cellulose-based textile fibres. Spinnova’s patented method includes 0% harmful chemicals and 0% waste or side streams, making the fibre and the production the most sustainable in the world.

Spinnova is beginning to plan for its commercial phase after passing its most important milestone so far; getting proof of concept from its pilot factory. The pilot line was completed in Finland last December and ramped up over early 2019. Now fully operational, the pilot is producing fibre for Spinnova’s brand partners, while Spinnova scales towards a commercial facility.

Spinnova recently completed a financing round that ensures getting to the commercial phase without further financing needs. The 11 million euro total investment came entirely from Spinnova’s existing investors; family investment offices, private investors, a venture capital investment fund and industrial partners.


There has been a significant amount of brand interest towards Spinnova’s innovation. As Spinnova and its industrial partners begin to plan for the first commercial facilities, uptake agreements will be available to brands who want to make sure they are early adopters of the world’s most sustainable fibre. The fibre recently passed industrial spinning tests, which was an important step of the fibre’s journey towards a commercially viable drop-in material.

Following close collaboration with piloting brands, several demo products will be introduced to consumers in the near future. Spinnova’s vision is that its sustainable fibres become an attractive option to brands and this way available to all consumers.

– We have proven success in both strategic focus areas related to our vision: We work closely with brands in developing our fibre products and will scale the sustainable technology to big volumes with industrial partners, comments Spinnova’s CEO and co-founder Janne Poranen.


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#Recycling / Circular Economy

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#Textiles & Apparel / Garment

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#Europe

The EU and Egypt team up to mobilise private sector investments at Investment Conference and sign a Memorandum of Understanding underpinning €1 billion in macro-financial assistance for Egypt

At the EU-Egypt Investment Conference, co-organised by the EU and the Government of Egypt on 29-30 June, the EU and Egypt are teaming up to intensify private sector investments in Egypt. They are also signing a Memorandum of Understanding (MoU) for the disbursement to Egypt of up to €1 billion in Macro-Financial Assistance.

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#Sustainability

Cascale Forum: Colombo convenes 500+ manufacturers brands, and stakeholders to advance capacity building and collaboration across the consumer goods industry

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#Business

Canopy introduces a first-of-its-kind $2 billion USD investment blueprint to decarbonize global materials supply chains

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#Sustainability

Storm Creek achieves bluesign® PRODUCT status

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#Yarns

Textile Exchange publishes the final criteria for its new Materials Matter Standard, marking a pivotal shift in connecting certification to impact

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#Fabrics

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#Denim

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#Functional Fabrics

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#Knitting & Hosiery

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