Cambium Carbon PBC, a Washington, DC-based provider of technology to build local, regenerative wood supply chains, raised $3.2M in seed funding.
The round was led by MaC Venture Capital, and supported by Soma Capital, Joe Tsai (Co-Founder and Executive Vice Chairman of Alibaba), Revolution’s Rise of the Rest Seed Fund, Blue Ivy Ventures and others.
The company plans to to use the funds to grow its team in the coming months, expanding its platform user-ship, diverting 2,500 tons of wood waste, and planting 10,000 high-impact trees in partnership with communities.
Founded by former Yale School of Forestry & Environmental Studies classmates Ben Christensen, Marisa Repka and Colorado College alum and former Thomas Watson Fellow Theo Hooker, Cambium Carbon uses technology to build local, regenerative wood supply chains. Its SaaS platform, Traece, saves trees by connecting them to local sawyers & millers who turn them into durable products–storing carbon for generations and funding tree planting in communities that need them most. Traece has moved $3.7M of wood to date. Real estate developers, tech companies, and furniture manufacturers have all purchased Carbon-Smart Wood™ through its supplier network.
FinSMEs
21/03/2022