Fiberdom, a Vantaa-based startup, has secured €3.5 million in funding to advance the development and scaling of its patented plastic-free material. The round was backed by Heino Group, Nordic Foodtech VC, and Holdix Oy, with an additional €0.6 million grant from Business Finland, ArcticStartup reports.

About Fiberdom

  • Fiberdom is a Vantaa-based startup founded in 2019, specializing in the development of plastic-free, recyclable, and home-compostable alternatives derived from wood fibers. 

  • Using its patented technology, the company transforms pulp and paperboard into durable and formable materials suitable for applications in food packaging, storage solutions, and furniture.

  • The Finnish startup has developed a 100% plastic-free supermaterial from pulp and paperboard. It is strong, formable, cost-efficient, recyclable, and compostable. The first product, EU-compliant single-use cutlery, is already available in Finland.

”Replacing single-use plastics in food packaging and in serving and eating on-the-go food is one of the key pain points in the food system, both for the industry and for the consumers. Fiberdom’s technology addresses all four critical corners of a winning solution: functionality, scalability, sustainability, and recyclability. We believe the cutlery is a great starting point for much broader innovation in plastic-free products,” says Pekka Siivonen-Uotila, partner at Nordic Foodtech VC.

Investment details

The round was backed by Heino Group, Nordic Foodtech VC, and Holdix Oy, with an additional €0.6 million grant from Business Finland.

  • Heino Group is a Finnish family-owned company founded in 1899, specializing in food and beverages. The company invests in startups, particularly in food tech and education.

  • Nordic Foodtech VC is a Finnish venture capital firm that invests in research-based solutions that can contribute to transforming the food system. The fund focuses on early-stage companies across Europe, with a particular focus on the Nordics.

  • The firm has invested in 18 companies via its first fund, including in Chromologics, Solar Foods, Ironic Biotech, NPHarvest, and, most recently, ÄIO.

The funding will accelerate Fiberdom’s strategic growth with strong investment in research and development and further commercialization of its technology and materials, as well as further strengthening of its core resources.