Aqvacomp
closedNew type of biocomposite that utilizes wood pulp fiber to strengthen plastic materials.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | - | ||
| Total Funding | 000k | ||
| EUR | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 695 % | 133 % | 59 % | (97 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | (193 %) | (159 %) | (186 %) | (4736 %) |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (1667 %) | (267 %) | (208 %) | (271 %) | (7455 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Aqvacomp Oy, established in Sastamala, Finland, in 2014, operated as a manufacturer of plastic and composite materials. The company's focus was on commercializing a new type of biocomposite that uses pulp fiber from forests to reinforce various polymers. This venture was initiated to bring the wood and plastic composite development work and materials of another firm, Elastopoli Oy, to the market.
The core of Aqvacomp's business was a patented technology that allowed pulp fibers to be used as reinforcement without breaking their natural structure. This method aimed to produce materials with excellent technical properties and processability for demanding applications, including those requiring specific acoustic and haptic characteristics. The business model centered on producing and supplying these customizable composite granules to clients for use in standard manufacturing processes like injection molding and extrusion. A key selling point was the material's versatility; it was compatible with a wide range of polymers such as PP, PE, PS, ABS, and PLA, and could be tailored into hundreds of variations to meet specific end-product requirements. One notable application was the creation of cellulose fiber-reinforced polystyrene for musical instruments, developed with Flaxwood Oy, which had the potential to replace rare and threatened wood species. This work earned third place at the WPC NFC Innovation Award in 2015.
Aqvacomp was a venture capital-backed startup. Publicly available data indicates the company ceased operations around December 2021. At its peak, the company employed approximately 8 people. The firm was managed by Managing Director Jari Haapanen.
Keywords: biocomposite, plastic manufacturer, composite materials, pulp fiber reinforcement, wood-plastic composite, natural fiber composite, injection molding materials, extrusion materials, sustainable materials, cleantech, polymer reinforcement, material science, cellulose fiber, acoustic materials, haptic applications, custom polymers, Elastopoli, Flaxwood, Jari Haapanen