Miro, a vertically integrated forestry and plywood manufacturing company with operations in Sierra Leone and Ghana, has successfully closed a new funding round aimed at accelerating its growth and global ambitions. The round is led by Lagata, a specialist forestry investor with a strong focus on sub-Saharan Africa, which is contributing the largest share of the capital.
The funding round also saw increased commitments from Miro’s existing shareholders, including British International Investment (BII), FMO (the Dutch entrepreneurial development bank), Finnfund (the Finnish development financier), Mirova (a French impact investment firm), and a UK-based family office. These investors have reaffirmed their confidence in Miro’s long-term strategy and its role in promoting sustainable development in the region.
The fresh capital injection will enable Miro to scale its end-to-end operations, from sustainable forestry to plywood production, and strengthen its position as a global leader in environmentally responsible plywood manufacturing. The company aims to expand its market reach while maintaining its commitment to sustainability, job creation, and community development.
This investment comes at a challenging time for the sustainable forestry sector, which has been grappling with global economic headwinds and a prolonged downturn in plywood prices. Despite these obstacles, Miro has continued to demonstrate resilience and strategic clarity.
Berend Jan Kingma, CEO of Miro, expressed optimism about the company’s future:
We are thrilled to welcome Lagata as a long-term partner, and grateful for the continued support of our existing investors. This investment reflects confidence in Miro’s long-term strategy and in our role as a key employer and sustainable forestry leader in the region. With this support, we are well positioned to build on our momentum and expand our presence in global markets.
