What is Woodoo?
Woodoo is pioneering an industrial revolution by augmenting wood at a molecular level to create sustainable material alternatives to steel, glass, and plastics. Their innovative technology repurposes substandard and damaged wood species, transforming them into advanced biomaterials with enhanced technical characteristics, aesthetic appeal, and unique sensing capabilities. This approach not only offers superior product performance but also contributes to environmental preservation by avoiding deforestation and utilizing a plentiful, renewable resource. Woodoo's solutions have already garnered attention from prominent clients across the automotive, luxury, and construction sectors, offering products ranging from smart automotive surfaces and sensitive wooden interfaces to animal-free luxury goods and high-strength construction materials.
How much funding has Woodoo raised?
Woodoo has raised a total of $31M across 1 funding round:
Other Financing Round
$31M
Other Financing Round (2023): $31M with participation from Lowercarbon Capital
Key Investors in Woodoo
Lowercarbon Capital
Lowercarbon Capital backs kickass companies that make real money slashing CO2 emissions, sucking carbon out of the sky, and buying us time to heal the planet.
What's next for Woodoo?
With the recent major strategic investment, Woodoo is poised to accelerate its expansion and further solidify its market position. The substantial capital infusion is expected to fuel advancements in their biomaterial technology, enabling the company to scale production and broaden its reach across key industries. This strategic backing from investors like Lowercarbon Capital, known for its focus on climate solutions, indicates strong confidence in Woodoo's potential to disrupt traditional material markets and contribute significantly to a net-zero future. The company's focus on developing eco-friendly alternatives aligns with global trends towards sustainability and circular economy principles, positioning Woodoo for continued innovation and market leadership.
See full Woodoo company page
