Cambium Carbon, a climate-tech startup that builds a local, regenerative wood supply chain and future gigaton climate solution, raised $3.2 million in seed round funding.
The round was led by MaC Venture Capital and supported by Soma Capital, Joe Tsai (Co-Founder and Executive Vice Chairman of Alibaba), Revolution's Rise of the Rest Seed Fund, Blue Ivy Ventures, and others.
This funding will allow Cambium Carbon to grow a two-sided marketplace for locally sourced and salvaged material that reinvests in urban tree restoration and creates local jobs.
Launched in 2020, Cambium Carbon plans to quickly grow its team in the coming months, expanding its platform user-ship, diverting 2,500 tons of wood waste, and planting 10,000 high-impact trees in partnership with communities.
Company: Cambium Carbon PBC.
Round: Seed Round
Funding Month: March 2022
Lead Investors: MaC Venture Capital
Additional Investors: Soma Capital, Joe Tsai, Revolution's Rise of the Rest Seed Fund, and Blue Ivy Ventures
Company Website: https://cambiumcarbon.com/
Software Category: Wood supply chain software
About the Company: Founded by former Yale School of Forestry & Environmental Studies classmates Ben Christensen, Marisa Repka, and Colorado College alum and former Thomas Watson Fellow Theo Hooker, Cambium Carbon is on a mission to bring manufacturing back to our cities, dramatically reducing climate impacts and creating green jobs. Cambium Carbon uses technology to build local, regenerative wood supply chains. Cambium Carbon's SaaS platform, Traece, saves these trees by connecting them to local sawyers & millers who turn them into durable products–storing carbon for generations and funding tree planting in communities that need them most.