of funding Lingrove’s Innovative Sustainable Wood Alternative Secures $10M in Funding for Expansion.
Lingrove is taking on laminates — thin layers of wood and other materials — with a carbon-negative option that they claim performs better while looking as good.
Lingrove has developed a wood veneer alternative out of flax fiber and plant-based resins that’s carbon-negative yet results in a material they say is “very high stiffness, durable, and resistant,” i.e.
They call it “ekoa” — yes, in lowercase — and hope to make inroads in cars and other interior surfaces with a new $10 million funding round.
The Series B round was led by Lewis & Clark Agrifood and Diamond Edge Ventures, with participation from Bunge Ventures and SOSV.
You may wonder, as I did, why not use actual wood — things like sawdust and wood chips already coming out of industrial wood-handling processes?
