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Venture Capital News: InventWood Receieves $8M

2024-08-08
FREDERICK, MD, InventWood today announced $8 million in new funding.
InventWood, transforming undervalued wood into high-performance climate-resilient Superwood building products that are stronger and lighter than steel, today announced $8 million in new funding and the appointment of Tyler Huggins, Ph.D. as its new Chief Executive Officer. The company is planning its commercial launch in early 2025 with two key priorities: establishing its scaled supply chain to ensure every tree used is chosen purposefully to improve the health and longevity of our forests, and commissioning the company's pilot production facility capable of profitably producing up to one million square feet of product annually. InventWood's proprietary technology stack transforms wood's intrinsic nano-cellulose structure - nature's strongest material - into climate-resilient Superwood products that offer unrivaled fire, insect and rot resistance with bulletproof hardness, while maintaining highly desirable wood aesthetics.

InventWood purposefully chooses every tree used to support the health and longevity of our forests while transforming undervalued wood into high-performance climate-resilient Superwood building products that are stronger and lighter than steel with unmatched durability and aesthetics. With a goal to reshape the world, regenerate forests and slash gigatons of carbon emissions, InventWood is delivering an end-to-end, vertically and naturally integrated solution that results in carbon-negative construction, from cradle to regeneration.
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