Cambium, a Baltimore, MD-based supply chain technology company focused on the wood industry, raised $18.5M in Series A funding.
The round, which brought Cambium’s total funding to $28.5m, was led by VoLo Earth Ventures, with participation from NEA, Dangerous Ventures, Tunitas Ventures, Woven Earth, Understorey, Groundswell, Ulu Ventures and existing investors, including MaC Venture Capital, Rise of the Rest, 81 Collection, Alumni Ventures, and Soma Capital.
The company intends to use the funds to advance the deployment of AI technology into the $788B wood products industry, strengthen its wood supply network, drive team growth, scale operations, and expand into new mass timber offerings.
Co-founded by Ben Christensen, Marisa Repka, and Theo Hooker, Cambium provides AI-driven tools that empower trucking companies, sawmill operators, and tree care service companies to streamline workflows and localize production with shorter supply chains, enhancing efficiency and bolstering regional economies. The platform digitizes and streamlines the wood industry, connecting tree care services, sawmills, and manufacturers to transform salvaged wood into Carbon Smart™ Wood, millwork, and now mass timber. By integrating tree care services, sawmills, and manufacturers into one network, the supply chain platform tracks every stage of the lumber journey supply chain, creating a chain of custody data layer for the industry.
Businesses like Amazon, Equinox, Patagonia, National Geographic, Room & Board, Steelcase, and Gensler use it.
FinSMEs
24/02/2025