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Spinnova Aims for ‘Holy Grail’ of Fashion Textiles

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Spinnova CEO Janne Poranen said the Finnish fiber startup will invest $2.45 million in an in-house yarn spinning facility for research and development this year. In a Nutshell: Spinnova, whose technology makes textile fiber out of wood or waste from leather, textile or food without harmful chemicals, reported strong revenue gains on continued losses as…

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