Cellutech

Cellutech

Wood-based materials replacing fossil-based products.

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DateInvestorsAmountRound
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Acquisition
Total Funding000k

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Revenues, earnings & profits over time
EUR2018201920202021202220232024
Revenues0000000000000000000000000000
% growth(67 %)80 %(30 %)(5 %)---
EBITDA0000000000000000000000000000
% EBITDA margin(287 %)9 %9 %13 %---
Profit0000000000000000000000000000
% profit margin96 %5 %4 %10 %---
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article

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Cellutech was a Swedish materials science company focused on developing renewable materials from wood-based components to replace fossil-based products. Established in 2013, the company acted as a bridge between academia and industry, commercializing research from institutions like the Wallenberg Wood Science Center and SweTree Technologies.

The firm specialized in creating new applications for cellulose, micro-fibrillated cellulose (MFC), and other wood derivatives. Its product development pipeline included lightweight cellulose foams, spheres, magnetic cellulose fibers, transparent wood, and superhydrophobic surfaces. These materials were designed for growing markets such as packaging, where they could serve as a sustainable alternative to polystyrene, and hydroponics. One notable project was the development of a wood-based bicycle helmet prototype in 2015.

As a venture-backed startup, Cellutech received investments from firms including Chalmers Ventures, KTH Holding, and FAM. In October 2018, the Finnish forest industry major Stora Enso, a leading global provider of renewable solutions, acquired 100% ownership of Cellutech. At the time of the acquisition, Cellutech was an agile team of eight scientists and researchers. The acquisition was a strategic move for Stora Enso to enhance its biomaterials division and expertise in cellulose-based technologies.

Keywords: materials science, wood-based components, cellulose, micro-fibrillated cellulose, biomaterials, renewable materials, sustainable packaging, fossil-based alternatives, hydroponics, cellulose foams, Stora Enso, Wallenberg Wood Science Center, commercialization, research and development, cleantech, green chemistry.

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