Cambium Carbon

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Cambium Carbon Raises $3M in Seed Funding To Reinvent the Wood Supply Chain and Radically Reduce Carbon Emissions

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đź”– Topics: Funding Event

🏢 Organizations: Cambium Carbon, MaC Venture Capital

Cambium Carbon PBC announced a $3.2M seed round investment this week led by MaC Venture Capital, and supported by Soma Capital, Joe Tsai (Co-Founder and Executive Vice Chairman of Alibaba), Revolution’s Rise of the Rest Seed Fund, Blue Ivy Ventures and others.

More salvageable trees fall in U.S. cities each year than in our national forests, and they’re often wasted and sent to landfills. Cambium Carbon’s SaaS platform, Traece, saves these trees by connecting them to local sawyers & millers who turn them into durable products–storing carbon for generations and funding tree planting in communities that need them most. Traece has moved $3.7M of wood to date. Real estate developers, tech companies, and furniture manufacturers have all purchased Carbon-Smart Wood™ through Cambium Carbon’s supplier network.

Read more at PR Newswire