Author: laure Leclercq
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This startup has raised $31m to turn wood into glass
Woodoo repurposes dead wood into new advanced materials to replace glass, leather and steel.
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Resurrect dead wood into glass, leather, and steel replacements
With its latest funding round, the company’s founder and CEO, Timothée Boitouzet, is hoping to replace carbon-intensive building materials with a lower carbon, abundant, and affordable alternative: wood.
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Woodoo is creating decarbonized wood-based materials
Woodoo, a startup working on alternative materials for various industries, has raised $31 million in funding.
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Woodoo raises $31 million, led by Chris Sacca’s Lowercarbon Capital
Woodoo turn low-grade and diseased wood into premium high-tech materials, which can then be used to make surfaces and panels, as well as items for luxury goods.
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$31 million raised by Woodoo
The funds raised will first of all enable the company to multiply its production capacity by five. (“We have just acquired a second industrial site in Troyes, which brings our production capacity to 14,000 m² per year,” emphasizes the director.)
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Production development
Woodoo expand production and finalize its research work for their innovative materials made from wood.
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Woodoo is raising funds with Lowercarbon Capital
After the luxury goods and automotive industries, Woodoo is going to use its invention in the construction sector.
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Fundraising announcement
Timothée Boitouzet, president of Woodoo, spoke to Good Morning Business about his $31 million fundraising and his challenge to enter the automotive and construction sectors. (in french)
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Wooden materials
To create its materials, Woodoo has implemented a process that overcomes the inherent constraints of wood to offer the transparency of glass, the flexibility of leather and the strength of steel.
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Woodoo useS discarded wood as a construction material
Woodoo’s technology takes low-grade and even discarded wood products and uses its proprietary engineering platform to transform them into premium high-tech materials.