Woodoo
Woodoo is a technology company.
Financial History
Woodoo has raised $31.0M across 1 funding round.
Frequently Asked Questions
How much funding has Woodoo raised?
Woodoo has raised $31.0M in total across 1 funding round.
Woodoo is a technology company.
Woodoo has raised $31.0M across 1 funding round.
Woodoo has raised $31.0M in total across 1 funding round.
Woodoo has raised $31.0M in total across 1 funding round.
Woodoo's investors include Foundamental, Lowercarbon Capital, Norrsken VC.
Woodoo is a French deep-tech startup founded in 2016-2017 that develops patented augmented wood materials by removing lignin from low-grade or diseased wood and infusing it with bio-based fillers, creating strong, low-carbon alternatives to glass, steel, concrete, plastic, leather, and aluminum.[1][2][3][5] It serves the automotive, luxury, and construction sectors with products like translucent touch-sensitive panels (Woodoo Slim), smart surfaces, animal-free leather, and structural materials, solving the problem of high-emission legacy materials by offering durable, fire-resistant, weatherproof options that are 17x less energy-intensive than glass and up to 475x less than aluminum.[1][3][4][5] Woodoo has raised $31 million in funding (including equity from Lowercarbon Capital, One Creation, and others), holds 44-50 international patents, operates two manufacturing sites with 14,000 sqm annual capacity, and boasts 41 awards plus a €2.1 billion potential order book from 489 companies, signaling strong growth momentum amid supply chain shortages.[1][2][5]
Woodoo was founded by Timothée Boitouzet, an architect-turned-material scientist who studied architecture in Japan, then pursued wood chemistry, physics, and molecular biology at Harvard and MIT.[2][4][5][6] Frustrated by the heavy reliance on carbon-intensive glass and steel in major projects like Stamford Bridge, Longchamp Racecourse, and Rolex Learning Center, Boitouzet sought low-carbon, high-performance alternatives, leading him to develop a nanotechnology process for "augmented wood" after five years of R&D.[5][6] Launched around 2016-2017, the company quickly gained traction through EU-funded projects like Woodoo, scaling manufacturing, filing patents, and partnering with leaders like Garnica for industrialized wood construction—all in under three years, far faster than the typical decade for material tech.[2][4] Early milestones include industrial sites near Troyes (poplar-rich area) and products targeting automotive dashboards first.[5][6]
Woodoo stands out through its platform technology and sustainability edge:
Woodoo rides the decarbonization wave in materials science, targeting construction (8-10% of global CO2), automotive, and luxury amid surging raw material shortages and supply chain breakdowns from climate change and geopolitics.[2][3][6] Timing is ideal: post-COP commitments and EU sustainability mandates favor bio-based alternatives, while climate-damaged forests yield abundant low-grade feedstock—positioning Woodoo to disrupt €trillion markets where steel/concrete shortages loom.[3][5] It influences the ecosystem by revitalizing forestry, enabling carbon-neutral high-rises (up to 36 stories), and inspiring "wood with superpowers" for smart cities, interactive auto interiors, and displays—accelerating the shift from 20th-century emitters to bio-engineered solutions.[4][6][7]
Woodoo is primed to dominate sustainable materials with its next construction push, leveraging €2.1B order potential and Garnica ties to scale production and capture market share in CO2-heavy sectors.[1][2] Trends like AI-optimized manufacturing, stricter net-zero regs, and bio-economy growth will propel it, potentially evolving from niche innovator to high-rise enabler as lignin tech iterates. Expect influence expansion via more patents, global sites, and OEM deals—reinforcing its role as the sustainability game-changer that turns "primitive" wood into futuristic backbone.[4][5]
Woodoo has raised $31.0M across 1 funding round. Most recently, it raised $31.0M Seed in April 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2023 | $31.0M Seed | Foundamental, Lowercarbon Capital, Norrsken VC |