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Spinnova
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Short description

Producer of novel added value fibre products from wood-based biomaterial

Founded in 2014
Founded in

Company type Public Public (SPINN.HE)
Company type

Industry Group materials & chemicals

Sector advanced materials

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Finland Vaajakoski, Finland
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Updated by Lily Lin at on 07/09/2018

Edited by Cleantech Group on 10/29/2024

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Date Partner Type
08/16/2021
The North Face The North Face
Spinnova and global outdoor apparel leader The North Face have signed a development agreement to develop new, sustainable, high-performance textiles for the outdoor apparel category. This starts a journey towards commercializing sustainable products using SPINNOVA® materials and access to the first commercial volumes of SPINNOVA® fibre.
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Confirmed by The North Face
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IPO INFORMATION

Date

06/24/2021

IPO status

Listed

IPO Type

IPO

Amount

$132M

Initial shares

15111695

Ticker symbol

SPINN.HE

Exchange listed

Nasdaq First North Growth Market Finland

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Description

The total value of the Offering amounts to approximately EUR 115 million if the Over-Allotment Option is exercised in full. This represents approximately 29.49 per cent of all the Shares and votes in the Company after completion of the Offering and corresponds to market capitalisation of approximately EUR 390 million.

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Date Investors Type Amount
10/28/2024 Business Finland Business Finland (1)
Post-money valuation of
The loan will support development of Spoinnova technology for making textile fibre out of wood pulp; with a focus on wasteprocess efficiency, further fibre recipe development, and automatisation.
 Loan $13,700,000
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