Spanish bio-composite technology company, Strong by Form, has successfully completed its seed funding round, raising $5.2 million. The company specializes in Woodflow technology, developing wood-based composites as a sustainable alternative to traditional structural materials like concrete and steel. Woodflow allows for stress-tailored structural components, producing lightweight, high-performance parts with applications in construction and automotive industries.
The technology achieves material efficiency, providing the strength of concrete at 1/10 of its weight and saving 75% of the trees required compared to cross-laminated timber. Proprietary structural optimization software and manufacturing software are embedded in all Woodflow products, facilitating a high-productivity robotic manufacturing process.
The oversubscribed funding round was led by CMPC Ventures, the corporate venture capital arm of CMPC, a global pulp and paper producer. Other investors include CiRi Ventures, MAIF Avenir Ventures, Teampact Ventures, Climate Insiders, Core Angels, Savia Ventures, Family Offices, and corporate venture capitals Symbia VC, FINSA, and VX Ventures.
Andrés Mintik, Founder of Strong by Form, stated that the investment will be used to double the company’s size, build an industrial manufacturing facility, and strengthen its R&D and product development capabilities. The Woodflow technology has applications in various industries, and the funding will support Strong by Form’s vision of deploying sustainable structural material technologies on a massive scale to address climate challenges.