Suzanothe world’s largest producer of hardwood pulp and a global benchmark in the development of sustainable and innovative solutions from renewable sources, today announces the launch of Suzano Ventures, a global corporate venture capital initiative.

Suzano Ventures will invest $70 million in a series of companies with the potential to revolutionize their industry and beyond, tackling some of the world’s most pressing environmental challenges. The initiative will focus on companies operating in at least one of the four applications of the bioeconomy: improving the measurement and management of carbon sequestration, accelerating and maximizing the yield of agroforestry, developing new technologies and applications for biomass from paper pulp, and create more efficient paper pulp packaging from renewable sources.

All investments will be in line with Suzano’s ethos of ‘innovability’, ie the search for sustainable solutions through innovation, which is at the heart of all Suzano’s activities. Investments will be allocated to companies in the seed and Series A funding stages. Suzano Ventures will also have a structure of accelerator programs that will leverage solutions in the lab stage or seeking commercial validation (pre-seed) .

“∘Suzano created Suzano Ventures to provide support and funding for the growing ecosystem of entrepreneurs who bring fresh ideas to the bioeconomy and the broader environmental challenges we all face. Suzano Ventures will provide financial and strategic support to these companies and, using Suzano’s wider network and resources, help accelerate sustainable solutions for the pulp industry and beyond∘,” said Julio Ramundo , Director of Carbon Businesses and Corporate Ventures at Suzano.

With a long tradition of promoting new ideas, Suzano has evolved over its 98 years of existence, and has in recent years invested in a number of start-ups as part of its efforts to identify new uses. sustainability of eucalyptus biomass. Among its most recent successes is Spinnova, a Finnish company that has developed the technology to produce a highly durable textile fiber from wood-based pulp fibers.

Suzano’s initial investment in Spinnova, made in 2017, was €5 million, followed by other rounds of investment. In 2021, Spinnova was listed on Nasdaq Helsinki and its market capitalization was €390 million. Suzano Ventures now seeks to develop similar projects and ensure greater structure and agility by analyzing innovative projects and emerging startups seeking capital, which correspond to Suzano’s areas of expertise.

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