Woodoo, a Paris, France-based biotech company advancing augmented wood and decarbonized materials, raised $31m in funding.
The round was led by Lowercarbon Capital with participation from One Creation, Purple, as well as institutional partners, and angel investors.
The company intends to use the funds to expand operations and its development efforts, as well as its business reach.
Led by CEO and founder Timothée Boitouzet, Woodoo is a ClimateTech startup developing, patenting and manufacturing new materials for the consumer, mobility and building sectors. Woodoo transforms wood at the molecular scale, turning it into sustainable high-performance material alternatives to steel, glass, leather, plastics, without sacrificing planet’s health. The company’s technology has already gained recognition from the most prominent customers across three product lines: automotive, luxury, and construction. Its product selection ranges from automotive smart surfaces and touch sensitive wooden interfaces to animal-free, luxurious “leather” items, to ultra-high mechanical structural solutions for the construction industry.
FinSMEs
25/04/2023