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Timbro Group
Forestry technology company

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Forestry technology company

SectorIndustrial Technology
CountryLatvia
Entry2024
Fund Size€2.5M
Expected IRR25-30%
PerformanceOn Plan
First Close03-2024
TermEvergreen
Investors4

Timbro is a new-generation forestry company that brings together around 100 professionals with deep experience across forestry, technology and finance. It works with forest owners, industrial buyers and partners across the Baltic Sea region, combining hands-on knowledge of the forest with modern tools, data and disciplined processes. Sustainability is not a slogan but the way Timbro operates: responsible forest management, transparent origin of timber and long-term relationships with the people who own and care for the land.

Investment Thesis

The Baltic forestry sector is rich in resources yet fragmented and largely traditional. Timbro's ambition is to become a leading forestry company in the region by combining scale, technology and an uncompromising standard of sustainability. Merito backed the company from the outset with EUR 2.5 million of equity, and Timbro has since raised EUR 10 million in bonds to fund expansion. The momentum is clear: timber sales grew 139% in H1 2026 year on year.

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