Spinnova
Spinnova Plc is a Finnish publicly-listed textile technology company that has patented a mechanical process to convert wood pulp and waste streams into SPINNOVA® fibre without harmful chemicals, licensing the technology and selling fibre to global fashion, sportswear, and outdoor brands.
- Company typePublic
- Founded2014
- HeadquartersJyväskylä, Finland
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What Spinnova does
Spinnova Plc is a Finnish public limited company founded in 2014 and listed on Nasdaq First North Growth Market Finland (ticker SPINN) that has developed a patented mechanical process for converting wood pulp and various waste streams into textile fibre without the use of harmful chemicals or dissolving. The technology is described as the only process in the world that converts cellulose into textile fibre through mechanical refining, producing SPINNOVA® fibre with look and feel comparable to cotton and linen while reducing CO2 emissions by 65% and water consumption by 99% relative to conventional cotton. The patent portfolio of 80 granted patents globally (plus 30+ pending applications as of FY2024) protects both the core mechanical process and downstream applications including a protein-based fibre from leather by-products.
The company's revenue model is built on two pillars: (1) technology sales and licensing of its fibre production process and equipment to industrial customers, and (2) production and sale of SPINNOVA® fibre. Following Suzano's February 2025 decision to suspend investment in the Woodspin joint venture, Spinnova acquired full ownership of the Woodspin Oy and Suzano Finland Oy (now Spinnova Refining Oy) demo factories in October 2025 and reorganized around a technology-licensing-led go-to-market. Customers include global fashion brands (Adidas, Tommy Hilfiger/PVH, H&M Group/Arket, Marimekko, Bestseller brands JACK & JONES and VERO MODA), outdoor brands (Bergans, Halti, Luhta/Rukka/Icepeak, Icebreaker, The North Face), footwear (ECCO via the Respin joint venture), and textile value-chain partners (Tearfil for yarn spinning, NZ TEX GROUP for woven fabrics, Sulzer and Valmet for process equipment, Rieter for spinning machinery). Most brand relationships remain Letters of Intent rather than binding offtake commitments, and reported 2025 financials show a period loss of EUR 34.3 million against unrestricted equity of EUR 33.4 million, with up to 35 of approximately 60 employees affected by restructuring.
Spinnova firmographics
Firmographics- Name
- Spinnova
- Legal name
- Spinnova Plc
- Website
- https://spinnova.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Spinnova Plc is a Finnish publicly-listed textile technology company that has patented a mechanical process to convert wood pulp and waste streams into SPINNOVA® fibre without harmful chemicals, licensing the technology and selling fibre to global fashion, sportswear, and outdoor brands.
- Ownership category
- akta.pro rank
Spinnova industry classification
Industry- Product category
- Sustainable Textile Fibre
- NAICS
- Artificial and Synthetic Fibers and Filaments Manufacturing (32522), Fiber, Yarn, and Thread Mills (31311)
- SIC
- Textile Mill Products (2200)
- akta.pro primary industry
- Biobased, Compostable & Low-Impact Material Innovation (Bio-polymers/Dope Dyeing) (IMAOAMAM)
- akta.pro secondary industry
- Man-Made Fiber Manufacturing (Polyester/Nylon/Acrylic/Viscose) (IMAOAAAB)
Keywords
Where Spinnova is headquartered
LocationHeadquarters
- HQ city
- Jyväskylä
- HQ country
- Finland
- HQ region
- Europe
Offices3 records
Markets served
Spinnova business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure
Revenue model
- Technology Sales and Licensing: Spinnova sells and delivers fibre production technology to customers. The company reorganized to focus on technology sales following updated strategy in 2024. Technology includes process equipment delivery, process development support, and licensing of proprietary manufacturing processes.
- Fibre Sales: Spinnova produces and sells SPINNOVA® fibre through its Woodspin joint venture with Suzano. Fibre is sold to brand partners for incorporation into consumer products.
- Ecosystem and Partnership Revenue: Spinnova generates revenue through ecosystem partnerships where partners across the textile value chain contribute to scaling the technology. Partners like Fashion for Good support ecosystem development while commercial partners like Tommy Hilfiger and ARMEDANGELS secure fibre access through non-binding agreements.
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
Spinnova product offering
Product offeringCore offering
Spinnova develops and licenses a patented mechanical refining technology that converts wood pulp and various waste streams (textile, agricultural, food industry, leather by-products) into SPINNOVA® textile fibre without harmful chemicals or dissolving. The company sells SPINNOVA® fibre to brand partners and licenses the fibre production technology (process equipment, engineering support, and operational guidance) to industrial partners across the textile value chain.
Product overview
Spinnova offers a technology licensing model centred on its proprietary SPINNOVA® fibre — a novel textile fibre produced through a unique mechanical process that converts wood pulp or various waste streams (textile, agricultural, food industry, leather by-products) into textile fibre without harmful chemicals or dissolving. The fibre can be used alone or blended with other preferred fibres to make yarn and fabrics for applications similar to cotton such as trousers, denim, overshirts, jackets, T-shirts, and accessories. Spinnova's business model is built on licensing its technology to third parties — providing a complete technology package including process equipment, engineering support, and operational guidance. The company has partnered with global brands (adidas, Tommy Hilfiger, Bestseller, Bergans, Marimekko, ECCO, H&M Group, Luhta, ASK Scandinavia) who have launched commercial products containing SPINNOVA® fibre. Spinnova's ecosystem approach engages partners across the textile value chain including yarn spinning (Tearfil), fabric manufacturing (NZ TEX GROUP), textile recycling (Circulose), and engineering (Sulzer, Valmet, Rieter) to accelerate technology scaling.
Differentiator
Problem solved
Functional benefit
Brands
- SPINNOVA®: The company's flagship sustainable textile fibre product brand, made from wood pulp or waste without harmful chemicals.
Products and services
- SPINNOVA® fibre Novel textile fibre produced through a patented mechanical refining process that converts wood pulp or waste streams (textile, agricultural, food industry, beverage, leather by-products) into textile fibre without harmful chemicals or dissolving. The fibre can be used alone or blended with other fibres for applications similar to cotton such as trousers, denim, overshirts, jackets, T-shirts, and accessories. Offers 65% less CO2 emissions and 99% less water usage than cotton production, is biodegradable, recyclable, and produces no microplastics. Sold to enterprise brand partners for incorporation into consumer products.
- Spinnova Technology Licensing Spinnova licenses its patented fibre production technology to third-party industrial partners, providing a complete technology package including process equipment, engineering support, technical input, and operational guidance to enable industrial-scale SPINNOVA® fibre production. Technology partners include Valmet (process equipment), Rieter (yarn production systems), and Sulzer (engineering).
Quantifiable outcome
- 65% less CO2 emissions and 99% less water than conventional cotton production (cradle to gate)
- +3 more outcomes
Companies that use Spinnova
Customer profileNamed customers15 records
Segments4 records
Ideal customer profiles3 records
Spinnova technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Spinnova partnerships and signals
Strategic signalPartnerships
27 partnerships are on record, tiered core, major and minor.
- NZ TEX GROUPcoreBangladesh-based woven fabric manufacturing partner joined Spinnova ecosystem. Vertically integrated textile conglomerate specializing in denim. Jointly developed fabrics with SPINNOVA® fibre including denim. Will showcase fabrics at Kingpins New York July 2026.
- SulzercoreSwiss industrial engineering company joins Spinnova ecosystem to provide engineering support and technical input for fibre production technology. Previously partnered during Woodspin demo factory project. Will help industrialize technology and improve process competitiveness at scale.
- CirculosecoreTextile-to-textile recycling leader joins Spinnova ecosystem to integrate CIRCULOSE® pulp (from pre- and post-consumer textile waste) into Spinnova's process for producing new textile fibres without harmful chemicals.
- INSIDERmajorBrazilian techwear brand signs LOI to secure future access to SPINNOVA® fibre for functional apparel. First brand in Latin America to partner with Spinnova.
- TearfilcorePortuguese yarn spinning company and key partner for increasing industrial adoption of SPINNOVA® fibre. Non-binding LOI signed to secure fibre volumes access. Tearfil operates R&D spinning line inaugurated in Guimarães, Portugal.
- Tommy Hilfiger (PVH Corp.)coreTommy Hilfiger joins Spinnova ecosystem to develop sustainable textile materials and secure access to SPINNOVA® fibre volumes. Will expand application range across different product categories.
- Fashion for GoodcoreFashion for Good endorses Spinnova's efforts to scale fibre technology and helps shape ecosystem development and structure. Both organizations aim to unite fashion stakeholders to transform the industry.
- ARMEDANGELSmajorNon-binding Letter of Intent for ARMEDANGELS to access SPINNOVA® fibre in the future for sustainable, ethical fashion collections.
- Suzano (Woodspin Joint Venture)coreJoint venture Woodspin with Suzano (world's largest cellulose producer) for producing and selling wood-based SPINNOVA® fibre. In October 2025, Spinnova acquired full ownership of Woodspin demo factories and Suzano Finland (Spinnova Refining Oy). Suzano suspended further investment support in February 2025.
- ECCO (Respin Joint Venture)coreECCO and Spinnova began collaboration in 2020 through a joint venture (Respin) exploring how leather by-product raw materials could be utilised as textile fibres. The partnership produced the ECCO BIOM 720 shoe launched in April 2026, marking transition from development to commercial application.
- BerganscoreCollection of Tomorrow partnership launched in 2019 - fully circular, subscription-based takeback and reuse concept. Products include recyclable backpack, shirt, and anorak. Multiple award-winning collaboration.
- AdidascoreLong-standing partnership for sustainable sportswear. Adidas TERREX HS1 hoodie using SPINNOVA® fibre launched in 2022.
- Bestseller (JACK & JONES, VERO MODA)corePartnership began in 2020. JACK & JONES launched first products with SPINNOVA® in 2022 (trousers) and 2024 (t-shirts). VERO MODA launched Olympic collection t-shirts in 2024. Bestseller is first major global fashion group with multiple consumer products.
- ASK ScandinaviamajorHelsinki-based premium bag brand collaborated to create Nova tote with 30% SPINNOVA® fibres. First commercially available product with natural dyes from coffee waste.
- Luhta Sportswear Company (Rukka, Icepeak)majorRukka released t-shirt with SPINNOVA® fibres. Icepeak previously launched Olympic team bag. Luhta's sustainability goal is circular economy compliant collections by 2040.
- HaltimajorFinnish outdoor brand. Halti's parka jacket with SPINNOVA® fibre won audience award in Finland's most sustainable product contest.
- MarimekkomajorFinnish design house collaboration for overshirt and trousers using SPINNOVA® fibre in signature print style.
- Halley StevensonsmajorScottish textile finisher providing EverWax Olive wax treatment for Collection of Tomorrow anoraks, enabling full recyclability with plant-based wax.
- RietercoreWorld's leading supplier of yarn production systems. Equipped Spinnova's R&D spinning line with advanced machinery including ring spinning machine and rotor spinning machine. Collaborated on yarn spinning guideline publication.
- ValmetcorePartnership agreement for delivery of process equipment for Spinnova's customers. Valmet provides critical process equipment for fibre production.
- H&M Group (Arket)majorArket overshirt using SPINNOVA® fibre. Collaboration with H&M Group brands for sustainable fashion.
- PUMAcoreMulti-year Letter of Intent signed with Woodspin to secure access to SPINNOVA® fibre volumes for Sportstyle category products.
- PUSUminorFinnish ski manufacturer partnership for using SPINNOVA® fibre in composites to replace carbon and glass fibres in PUSU x SPINNOVA® Alpine Skis.
- University of JyväskyläminorResearch collaboration on antimicrobial textiles using lignin-based extracts. Doctoral student Jun Liu developing fibres functionalised with antiviral and antibacterial properties.
- PENGUIN Project ConsortiumminorEU Horizon Europe funded project for developing cellulose-based insulation for outdoor clothing. Nine partners including VTT, Spinnova, OrganoClick, and Molina working on sustainable alternatives to fossil-based fibres.
- BerggrenminorIP expert organization providing international patent process expertise and intellectual property protection services for Spinnova's technology and brand.
- Woodspin OycoreSpinnova's joint venture with Suzano for producing and selling wood-based SPINNOVA® fibre. Acquired by Spinnova in October 2025 along with Suzano Finland (Spinnova Refining Oy).
Scale indicators10 records
Recent moves8 records
Expansion highlights6 records
Spinnova competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Spinnova social profiles
Digital presenceSpinnova compliance and trust
Trust signalCompliance1 record
Spinnova financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spinnova leadership team
Management profileNumber of profiles
Profiles14 records
Spinnova subsidiaries and ownership
Company hierarchySubsidiaries4 records
Spinnova funding detail
Funding detailFunding overview
Funding rounds5 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spinnova M&A and investment
M&A and investmentM&A3 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spinnova
What does Spinnova do?
Spinnova develops and licenses a patented mechanical refining technology that converts wood pulp and various waste streams (textile, agricultural, food industry, leather by-products) into SPINNOVA® textile fibre without harmful chemicals or dissolving. The company sells SPINNOVA® fibre to brand partners and licenses the fibre production technology (process equipment, engineering support, and operational guidance) to industrial partners across the textile value chain.
Is Spinnova a public or private company?
Spinnova is a public company. It is classified as public and is currently operating.
When was Spinnova founded?
Spinnova was founded in 2014. It employs 51 to 100 people.
Where is Spinnova based?
Spinnova is headquartered in Jyväskylä, Finland, in the Europe region.
How does Spinnova make money?
Three revenue lines are on record. Technology Sales and Licensing is the primary driver. The others are fibre Sales and ecosystem and Partnership Revenue.
Does Spinnova have an API?
No public API is recorded for Spinnova.
What industry is Spinnova in?
Spinnova's product category is Sustainable Textile Fibre. Its primary akta.pro industry code is IMAOAMAM, Biobased, Compostable & Low-Impact Material Innovation (Bio-polymers/Dope Dyeing), with a secondary code of IMAOAAAB, Man-Made Fiber Manufacturing (Polyester/Nylon/Acrylic/Viscose). Its NAICS code is 32522 and its SIC code is 2200.