Avail advised Woodio on the EUR 16.3 million funding by UB Forest Industry Green Growth Fund, the European Innovation Council and previous investors

Avail advised Woodio Oy, a  Finnish modern-day interior and design company known for its sustainable biomaterial innovation, the Woodio® material, in securing a total of EUR 16.3 million in growth funding for its international expansion. The funding round was led by UB Forest Industry Green Growth Fund (UB FIGG) and the European Innovation Council (EIC), and it was also joined by previous investors. Woodio is renowned for its sustainable sanitaryware made from the Woodio® material.

Woodio uses aspen in chip form and chips generated from side-streams of the forest industry as its main raw material. Unlike the manufacturing process of traditional ceramic bathroom fixtures, the production of Woodio’s wood composite products consumes very little water and does not involve energy-intensive processing steps. The carbon footprint of a wash basin made from Woodio’s biomaterial is up to 80% smaller compared to an equivalent-sized ceramic basin. At the same time, Woodio’s material is durable and lightweight, and the products made from it are easy to install and maintain.

https://woodio.fi/en/woodio-raises-16-million-euros-in-new-growth-funding/

https://www.hs.fi/talous/art-2000009674884.html

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