Metsä Spring

Metsä Spring serves as the venture capital arm of Metsä Group, focusing on investments in promising startups and early-stage companies that align with the Metsä Group business ecosystem. The firm operates globally, providing not only financial support but also access to Metsä Group's extensive network and expertise. It emphasizes the importance of collaboration and co-creation among diverse organizations, recognizing that successful innovations often stem from such partnerships. Additionally, Metsä Spring acknowledges the significance of individual contributions and personal relationships in fostering effective teamwork and driving business success.

12 past transactions

Adsorbi

Seed Round in 2025
Adsorbi develops a novel biomaterial based on cellulose, designed to capture gaseous air pollutants. Its application spans active airflow systems like gas filters in air filtration systems and air purifiers, as well as passive airflow applications such as packaging for sensitive goods.

Fiberwood

Series A in 2024
Fiberwood manufactures eco-friendly wood fiber insulation boards using foam-forming technology. Their products are entirely bio-based, containing no plastic or fossil materials, and aim to promote sustainable construction and packaging.

FineCell

Seed Round in 2023
FineCell is a Swedish company based in Linköping that specializes in the production of sustainable cellulose microfibers. Established in 2015 by Jonatan Henschen, Jonas Engstrand, Monica Ek, and Kloce Dongfang Li, FineCell focuses on creating renewable and high-performance nanomaterials derived from forest resources. The unique physical and chemical properties of its cellulose microfibers offer distinct advantages over competing products, making them suitable for a variety of applications, including reinforcement, barriers, and fillers in packaging and the automotive industry. FineCell's innovative materials enable manufacturers to utilize simpler and more cost-effective raw materials across diverse sectors such as packaging, paper, personal care, food, pharmaceuticals, membranes, and paints, contributing to reduced carbon footprints in production processes. The company has garnered support from Vinnova, Sweden's innovation agency, and EIT InnoEnergy.

Montinutra

Seed Round in 2023
Montinutra develops and commercializes bioactive compounds from secondary material flows in forest industrial processes to be applied in developing novel solutions in cosmetics, food, and beverage and technical chemical industries. They produce sprucegum from sawdust, which is a commercially relevant, underutilized forest industry side stream.

Adsorbi

Seed Round in 2023
Adsorbi develops a novel biomaterial based on cellulose, designed to capture gaseous air pollutants. Its application spans active airflow systems like gas filters in air filtration systems and air purifiers, as well as passive airflow applications such as packaging for sensitive goods.

Fiberwood

Seed Round in 2023
Fiberwood manufactures eco-friendly wood fiber insulation boards using foam-forming technology. Their products are entirely bio-based, containing no plastic or fossil materials, and aim to promote sustainable construction and packaging.

Innomost

Seed Round in 2021
Innomost develops and produces bioactive ingredients derived from forest industry side streams, focusing primarily on birch bark. Its product portfolio includes birch charcoal powder, birch bark powder, betulin, suberin, azelaic acid, and polymeric oils, enabling innovation in various cosmetic product categories.

Montinutra

Seed Round in 2021
Montinutra develops and commercializes bioactive compounds from secondary material flows in forest industrial processes to be applied in developing novel solutions in cosmetics, food, and beverage and technical chemical industries. They produce sprucegum from sawdust, which is a commercially relevant, underutilized forest industry side stream.

ExpandFibre

Venture Round in 2020
ExpandFibre accelerates the development of sustainable bioproducts. It upgrades pulp fibers, hemicellulose, and lignin from renewable and sustainable straw and northern wood sources into new bioproducts. The company is an R&D collaboration and an ecosystem launched by Fortum and Metsä Group.

Muoto

Venture Round in 2020
Muoto develops a three-dimensional fiber product made of wood fibers designed for packaging. It is a functional package that combines structure, functionality, and design. The product’s layer structure creates the possibility to customize according to the application – the repertoire of different forms of packaging is endless. The products are always made fit for purpose according to the customer’s needs.

Woodio

Series A in 2019
Woodio specializes in eco-friendly bathroom design solutions. It develops innovative, fully waterproof wood composite materials composed of real wood chips, offering customers sustainable and recyclable options for bathroom renovations.

Kuura

Venture Round in 2018
Kuura specializes in the production of fiber made out of pine and spruce. It aims to demonstrate the feasibility of a new environmentally-friendly concept, in which paper-grade pulp is converted into a novel textile fiber. The company's technology is based on a knowledge platform, which has been built by Aalto University (Finland), TITK (Germany), University of Helsinki (Finland), and VTT Technical Research Centre of Finland.
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