09 Feb 2023 --- Finnish startup Fiberwood has raised €3 million (US$3.23 million) in late seed funding led by Metsä Group for its 100% ecological wood fiber insulation and packaging materials made from mechanical wood industry side streams.The funding round was conducted by Metsä Group’s innovation company Metsä Spring, with participation from Stephen Industries and public financing from Business Finland. Fiberwood will use the money to develop and scale up the production capabilities of its pilot plant as it heads into industrial-level continuous production.
