Suzano Ventures has led a Series A funding round for Simplifyber, a US-based materials start-up, injecting $12 million into the company. This investment underscores Suzano's commitment to fostering innovation in sustainable materials.
Simplifyber specializes in bio-based material innovation, targeting applications in fashion and a range of other soft goods. The funding will support the development and scaling of these environmentally friendly alternatives.
This strategic investment aligns with Suzano's broader vision of leveraging its fiber expertise to explore new markets and sustainable solutions. It represents a step towards diversifying its business beyond traditional pulp and paper products into emerging bio-based industries.
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