Innomost raises €5M to replace palm oil, fossil fuels and food origin ingredients in consumer products
Finnish startup Innomost has raised €5M to bring their birch bark innovation into new markets as a sustainable alternative for environmentally harmful ingredients in consumer products. The funding round was led by Metsä Spring Ltd. with Innovestor and angel investors joining the round. The round was completed with grants and loans from Business Finland as well as other public financing sources. The …