Low-carbon transition | December 6, 2023

Seed funding to decarbonize buildings with wood

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, December 6 — Forest-based products, such as timber and wood, can capture and store carbon for long periods of time. Strong by Form, based in Santiago, Spain, has raised $5.2 million to develop timber-based biocomposites as an alternative to steel, aluminum and concrete in new buildings and cars.

“Our technology has been designed to deploy on a massive scale across multiple industries, allowing timber to play a pivotal role in solving the climate crisis,” said Strong by Form’s Andres Mintik.

Strong by Form is developing more sustainable train stations with Deutsche Bahn, Germany’s national railway. Teampact Ventures, Climate Insiders, CiRi Ventures, FINSA and other investors joined Strong by Form’s oversubscribed seed round.

Waste to value

In the US, Washington, DC-based Cambium Carbon is recycling fallen trees into carbon-smart wood and using the proceeds to plant trees in local communities. The company’s $5.3 million seed round was led by LA-based venture firmMaC Venture Capital. Participating investors include Revolution’s Rise of the Rest Seed Fund, Alumni Ventures, Gaingels and Blue Pool Capital.

“This funding enables us to scale up our production of carbon-negative wood, offering a sustainable alternative to traditional lumber,” said Cambium’s Ben Christensen.