In a significant advancement for sustainable construction, Spanish bio-composite technology startup Strong by Form has raised $5.2 million in an oversubscribed seed funding round. This investment marks a major step in the company’s mission to replace steel and concrete with timber-based cladding material in construction.
Strong by Form, founded in 2018, is at the forefront of developing innovative construction materials. The company’s WoodFlow Technology is a fusion of nature and technology, producing a material adaptable to diverse forms. This breakthrough paves the way for cladding applications that blend the essence of nature with architectural brilliance.
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The Funding Round and Future Growth
The funding round, led by CMPC Ventures, the corporate venture capital arm of one of the world’s largest pulp and paper producers, CMPC, was oversubscribed by more than 25%. The Series seed included investment from 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.
Expanding Operations and R&D
The Madrid-based startup plans to use the investment to double in size and build an industrial manufacturing facility. The funds will also support new hires, strengthen R&D and product development capabilities, and establish a full manufacturing team.
Collaborations and Market Exploration
Strong by Form is currently focused on construction and is developing a project with Deutsche Bahn. The company also explores other markets, thanks to a close relationship with the BMW Group.
WoodFlow Technology: Strength and Versatility
WoodFlow Technology offers strength and versatility, empowering the construction of taller and more expansive timber structures. Its weight-to-strength ratio and freeform capabilities hold immense promise for various industries, including automotive.
The Team Behind Strong by Form
The startup was founded by Daniel (COO), Jorge (CTO), and Andres Mitnik (CEO). The team comprises mechanical engineers, software engineers, digital fabricators, and architects, each bringing unique skills to the table. Their ultimate goal is to establish WoodFlow as a cornerstone of sustainable construction and automotive manufacturing.
A Step Towards a Greener Future in Construction
Strong by Form’s successful funding round is a testament to the growing importance of sustainable materials in construction. With its innovative approach to using wood in place of traditional materials like concrete and steel, the company is paving the way for a more sustainable and environmentally friendly future in the construction industry.
