Fiberdom, a Finnish materials innovation company, has secured €3.5 million in funding to accelerate the development and scaling of its plastic-free material.
The funding was raised from long-term investor Heino Group, Nordic Foodtech VC, and Holdix Oy, along with a €600k grant from Business Finland.
Fiberdom's material is 100% plastic-free, high-performance, strong, formable, durable, lightweight, cost-effective, recyclable, and home-compostable.
The company aims to replace non-essential plastics with scalable, circular solutions and has successfully commercialized single-use cutlery as its first application.