Metsä Spring

Metsä Spring is the venture capital arm of Metsä Group. We invest globally in promising startups that have a link to wood or forestry. In addition to financing, we also provide access to Metsä Group’s global network and expertise.

12 past transactions

Adsorbi

Seed Round in 2025
Adsorbi develops a novel biomaterial based on cellulose.

Fiberwood

Series A in 2024
Fiberwood is a manufacturer of eco-friendly wood fiber insulation and packaging materials aimed at promoting sustainable construction and packaging solutions. The company utilizes foam-forming technology to produce thermal insulation boards from forestry by-products and other natural fibers, ensuring that its products are entirely bio-based and free from plastic and fossil materials. Fiberwood's offerings provide excellent insulating properties and serve as recyclable, resource-efficient alternatives to traditional mineral wool insulation and cellular plastic packaging. By focusing on sustainability, Fiberwood enables clients to adopt environmentally responsible methods for insulation and packaging, contributing to a greener construction industry.

FineCell

Seed Round in 2023
FineCell is a sustainable cellulose microfibers provider that enables manufacturers to make new products with reduced carbon footprints and differentiated properties. The company's cellulose microfibers possess physical and chemical properties that differ from competing products and provide differentiated benefits for the users. It has been supported by Vinnova (Sweden’s innovation agency) and EIT InnoEnergy. The Linköping, Ostergotlands Lan-based company was established in 2015 by Jonatan Henschen, Jonas Engstrand, Monica Ek, and Kloce Dongfang Li.

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.

Fiberwood

Seed Round in 2023
Fiberwood is a manufacturer of eco-friendly wood fiber insulation and packaging materials aimed at promoting sustainable construction and packaging solutions. The company utilizes foam-forming technology to produce thermal insulation boards from forestry by-products and other natural fibers, ensuring that its products are entirely bio-based and free from plastic and fossil materials. Fiberwood's offerings provide excellent insulating properties and serve as recyclable, resource-efficient alternatives to traditional mineral wool insulation and cellular plastic packaging. By focusing on sustainability, Fiberwood enables clients to adopt environmentally responsible methods for insulation and packaging, contributing to a greener construction industry.

Innomost

Seed Round in 2021
Innomost specializes in the development and production of high-value bioactive ingredients derived from forest industry byproducts, particularly Finnish birch. The company's product portfolio includes birch charcoal powder, birch bark powder, betulin, suberin, and azelaic acid, which serve as innovative components for various cosmetic applications, including skincare, haircare, body care, decorative cosmetics, and oral care. Innomost's offerings are designed to be vegan, gluten-free, and allergen-free, allowing clients to source ethically produced and biodegradable raw materials for their products. This focus on sustainability and innovation positions Innomost as a key supplier in the cosmetics and personal care industry.

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 is a design-oriented company that specializes in innovative material technology for bathroom applications. The firm has developed a fully waterproof wood composite made from real wood chips, allowing for a range of design options while prioritizing sustainability. This technology offers customers fully recyclable biomaterials, enabling them to enhance and redesign their bathrooms with eco-friendly solutions. Woodio's focus on combining aesthetics with functionality positions it as a unique player in the market for bathroom design materials.

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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