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Miro, a forestry and plywood manufacturing enterprise with operations in Sierra Leone and Ghana, has closed a significant funding round spearheaded by Lagata, an investment firm dedicated to forestry ventures across sub-Saharan Africa.
Lagata contributed the largest share of the investment, while several current backers also increased their financial stakes.
Among those continuing their support are British International Investment (UK), FMO (Netherlands), Finnfund (Finland), Mirova (France), and a private family office based in the United Kingdom.
This new round of capital is expected to help Miro scale up its fully integrated production systems and push forward with its strategic vision of becoming a world-class provider of eco-conscious plywood products.
The funding comes at a time of considerable strain on the sustainable forestry industry, with persistent global economic challenges and declining plywood market prices placing added pressure on producers.
Commenting on the development, Miro CEO Berend Jan Kingma expressed optimism:
“We’re delighted to welcome Lagata into our investor group and deeply appreciate the reaffirmed commitment from our long-time partners.”
“Their confidence underscores the strength of Miro’s long-term growth strategy and our vital role as both a sustainable operator and a major employer in the region. This new investment gives us the momentum to expand our global footprint,” he added.
Despite ongoing challenges in the sector, the latest backing positions Miro to strengthen its role in the green manufacturing space while advancing its impact across African and international markets.
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