Montinutra Raises €2 Million in Funding Led by Metsä Spring
Montinutra has raised €2M in pre-A funding led by Metsä Spring, a corporate venture unit of Metsä Group, with a syndicate of private investors. Metsä Spring’s portfolio company’s unique, zero-waste, and commercial-ready innovation turns forest industry sidestreams such as sawdust into natural, non-GMO, and biodegradable biochemicals, significantly cutting CO2 emissions compared to fossil-based alternatives.
Founded in 2018, Montinutra transforms forest industry sidestreams into sustainable, high-value, and natural biochemicals that replace fossil alternatives in the chemical and cosmetics industries. With the funding, Montinutra will accelerate its global reach, advance the designing of the industrial demo production plant, and bring new products to market under its Boreal Bioproducts® brand. The company aims to reach €100 million in annual revenue by 2035, with the demo plant up and running by 2026.