Helsinki, Finland-based Innomost develops, produces, and sells renewable cosmetic ingredients for the cosmetics and personal care industry, based on the ethically produced raw material, Finnish wood. The company says, “Our valuable bio-based products are suitable for a wide range of sustainable chemical industry innovations.”
Innomost raises funds
In a recent development, the company announced that it has raised €5M in a fresh round of funding. The round was led by Metsä Spring Ltd., with Innovestor and angel investors joining the round. The funding was completed with grants and loans from Business Finland as well as other public financing sources.