Founded in 2017, Woodoo is a ClimateTech startup developing, patenting, and manufacturing new materials for the consumer, mobility, and building sectors. The startup's core technology replaces Lignin (a building block of wood) with bio-based fillers, which change depending on the wood type and end-use case.
The Paris-based startup has already established partnerships with global brands in the fashion luxury LVMH (the parent company of Louis Vuitton, Dior, Tiffany & Co., Sephora, Hennessy, and more), automotive (Volkswagen Group), and construction (Garnica) industries. The company also recently opened the doors of its second manufacturing site, which has a current production capacity of 14,000 square meters.
Woodoo has secured $31 million in a mix of equity and debt. The funding round was led by Lowercarbon Capital with participation from Purple Ventures and One Creation. Around two-thirds of the new funding is formed of equity, with the addition of non-dilutive capital in the form of grants and venture debt.
2023 • Seed
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Woodoo manufactures composite materials based on wood that can be used in different industries.
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