ImpactAlpha, March 21 — Approximately 36 millions trees fall in U.S. cities each year and are sent to landfills, representing more than $26 billion in lost economic value. Washington, D.C.-based Cambium recycles the trees into wooden products that store carbon, and invests the profits in new trees in local communities.
Early-stage venture firm MaC Venture Capital and Revolution’s Rise of the Rest Seed Fund backed Cambium’s seed round “to grow a two-sided marketplace for locally sourced and salvaged materials that reinvests in urban tree restoration and creates local jobs,” said Cambium’s Marisa Repka.
Cambium says it has planted 220 trees and helped divert 47.5 tons of wood waste since 2020. Check it out.