What does InventWood do?
InventWood is a Frederick, Maryland-based company that developed SUPERWOOD, a nano-cellulose building material that retains the natural qualities of wood while offering enhanced strength and durability for commercial and residential applications.
How much did they raise?
The company raised $15M in its Series A round, with lead investors including Baruch Future Ventures, Builders Vision, Grantham, and JLL Foundation, and additional support from governmental agencies such as the U.S. Department of Energy and the U.S. Department of Defense.
What are their plans for the money?
The funds will be used to construct and scale InventWood's first commercial production facility in Frederick, Maryland, with initial shipments scheduled for the third quarter of 2025, potentially accelerating the adoption of SUPERWOOD across North America.
What have they achieved so far?
InventWood has already made significant progress with the development of SUPERWOOD, secured a $20M SCALEUP award from the U.S. Department of Energy in 2022, and formed a strategic partnership with Intectural to support rapid market adoption.
