New €11 million investment for Spinnova Technolo - sportstextiles: Lea SportsTextiles

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New €11 million investment for Spinnova Technology

11/10/2019
Finnish bio-yarn manufacturer Spinnova has obtained €11 million in investment to fund further development of its textile fibres technology.
 
Its patented method includes 0% harmful chemicals and 0% waste or side streams. It recently passed industrial spinning tests, a step towards its commercial viability.
 
Founder and chief executive, Janne Poranen, said: “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.”
 
The investment came entirely from Spinnova’s existing investors.
 

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