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Invent Wood Names Tyler Huggins As Chief Executive Officer and Secures $8 Million In Funding

PRIVATEAug 08, 2024•almost 2 years ago

Company

InventWood

FrederickManufacturingBuilding Material

Description

InventWood announced $8 million in new funding and the appointment of Tyler Huggins, Ph.D. as its new Chief Executive Officer. The company is planning its commercial launch in early 2025 with priorities to establish a scaled supply chain for regenerative forest management practices and commission a pilot production facility for climate-resilient Superwood products.

Company Information

Company

InventWood

Location

Frederick, Maryland, United States

About

InventWood transforms nature’s oldest building material into something extraordinary. With SUPERWOOD, we’ve reinvented wood itself, delivering a building material that’s superstrong, superdurable, and engineered to outperform conventional alternatives. Our technology creates beautiful, biogenic buildings using domestically sourced wood, directly supporting the health and longevity of American forests. SUPERWOOD’s nano-cellulose-based innovation retains wood’s countless natural qualities, from its organic warmth and tactile feel to its intrinsic connection to natural environments, while providing unmatched performance. InventWood has received significant recognition and support, including a $20 million SCALEUP award from the U.S. Department of Energy in 2022, as well as funding from prominent organizations including Grantham, Builders Vision, JLL Foundation, and Baruch Future Ventures. With over $50 million in total capital secured, the company is poised to revolutionize the construction industry.

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