InventWood, a company transforming undervalued wood into high-performance climate-resilient Superwood building products that are stronger and lighter than steel, announced today $8 million in new funding and the appointment of Tyler Huggins, Ph.D., as its new Chief Executive Officer. Joining existing investor Grantham Foundation are new investors, including Builders Vision, Echelon, and John Rockwell (four-time CEO of successful clean technology companies and partner in multiple private investment firms).
The company is also 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 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 also 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. And with superior strength at low cost, InventWood is on a mission to displace some of the dirtiest industrial materials like steel and concrete, evolving built environments from a carbon source to a carbon sink, all while improving the health and resilience of forests.
Huggins, an accomplished senior leader with more than 20 years dedicated to protecting and restoring America’s forests and leading sustainable initiatives in environmental engineering and biotechnology, joins InventWood at a major moment as the company begins to scale its pioneering 100% wood facade.
As the company prepares for its early 2025 commercial launch, InventWood raised a new round of $8 million. The comprehensive list of financial contributors is composed of individuals with a passion for and expertise in ventures that will better the health of our planet. Paul Hawken, a prominent environmentalist, writer, and entrepreneur, serves as a company advisor, and his home will be one of the first-ever to apply the Superwood cladding.
InventWood is preparing for the early 2025 availability of its Superwood products by using its automated and advanced manufacturing. The company’s pilot manufacturing facility in Frederick, Md., will be capable of producing diverse finishing and structural applications.
KEY QUOTES:
“After dedicating more than two decades to better the environment by harnessing the wisdom of nature, I’m thrilled to lead InventWood as the company fundamentally enhances what wood can do, empowering biophilic building design while driving regenerative forest management practices. The reality is that our global forests are threatened by climate change and catastrophic wildfires. By enhancing the economic viability of comprehensive forest restoration through high-value building products, we can turn a problem into an elegant solution with climate-resilient structures around the world. This opportunity to transform how we source and create wood-based products is fully aligned with my expertise and passion, and I have searched my whole career to find a naturally integrated business that enhances our built environment while simultaneously healing our natural environment.”
- Tyler Huggins
