Spinnova

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.

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

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

• Sustainable textile fibre
• Mechanical refining technology
• Wood-based fibre
• Circular fashion materials
• Sustainable textiles

Headquarters

HQ city

Jyväskylä

HQ country

Finland

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

27 partnerships are on record, tiered core, major and minor.

• NZ TEX GROUPcoreChannel Partner/ Reseller/ Distributor · 16 June 2026Bangladesh-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.
• SulzercoreTechnology or Integration · 1 April 2026Swiss 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.
• CirculosecoreStrategic or Co-development Partner · 3 March 2026Textile-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.
• INSIDERmajorStrategic or Co-development Partner · 20 January 2026Brazilian techwear brand signs LOI to secure future access to SPINNOVA® fibre for functional apparel. First brand in Latin America to partner with Spinnova.
• TearfilcoreChannel Partner/ Reseller/ Distributor · 14 January 2026Portuguese 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.)coreStrategic or Co-development Partner · 18 December 2025Tommy 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 GoodcoreGTM or Marketing Partner · 16 December 2025Fashion 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.
• ARMEDANGELSmajorStrategic or Co-development Partner · 11 December 2025Non-binding Letter of Intent for ARMEDANGELS to access SPINNOVA® fibre in the future for sustainable, ethical fashion collections.
• Suzano (Woodspin Joint Venture)coreStrategic or Co-development Partner · 1 January 2023Joint 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)coreStrategic or Co-development Partner · 1 January 2020ECCO 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.
• BerganscoreStrategic or Co-development Partner · 1 January 2019Collection 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.
• AdidascoreStrategic or Co-development PartnerLong-standing partnership for sustainable sportswear. Adidas TERREX HS1 hoodie using SPINNOVA® fibre launched in 2022.
• Bestseller (JACK & JONES, VERO MODA)coreStrategic or Co-development PartnerPartnership 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 ScandinaviamajorStrategic or Co-development PartnerHelsinki-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)majorStrategic or Co-development PartnerRukka released t-shirt with SPINNOVA® fibres. Icepeak previously launched Olympic team bag. Luhta's sustainability goal is circular economy compliant collections by 2040.
• HaltimajorStrategic or Co-development PartnerFinnish outdoor brand. Halti's parka jacket with SPINNOVA® fibre won audience award in Finland's most sustainable product contest.
• MarimekkomajorStrategic or Co-development PartnerFinnish design house collaboration for overshirt and trousers using SPINNOVA® fibre in signature print style.
• Halley StevensonsmajorStrategic or Co-development PartnerScottish textile finisher providing EverWax Olive wax treatment for Collection of Tomorrow anoraks, enabling full recyclability with plant-based wax.
• RietercoreTechnology or IntegrationWorld'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.
• ValmetcoreTechnology or IntegrationPartnership agreement for delivery of process equipment for Spinnova's customers. Valmet provides critical process equipment for fibre production.
• H&M Group (Arket)majorStrategic or Co-development PartnerArket overshirt using SPINNOVA® fibre. Collaboration with H&M Group brands for sustainable fashion.
• PUMAcoreStrategic or Co-development PartnerMulti-year Letter of Intent signed with Woodspin to secure access to SPINNOVA® fibre volumes for Sportstyle category products.
• PUSUminorStrategic or Co-development PartnerFinnish ski manufacturer partnership for using SPINNOVA® fibre in composites to replace carbon and glass fibres in PUSU x SPINNOVA® Alpine Skis.
• University of JyväskyläminorStrategic or Co-development PartnerResearch collaboration on antimicrobial textiles using lignin-based extracts. Doctoral student Jun Liu developing fibres functionalised with antiviral and antibacterial properties.
• PENGUIN Project ConsortiumminorStrategic or Co-development PartnerEU 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.
• BerggrenminorImplementation/ SI/ Consulting PartnerIP expert organization providing international patent process expertise and intellectual property protection services for Spinnova's technology and brand.
• Woodspin OycoreStrategic or Co-development PartnerSpinnova'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

Market position

Strengths4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/SpinnovaPlc
• LinkedInlinkedin.com/company/spinnova-ltd-

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries4 records

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Spinnova