3 mins lecture

Technology start-up Woodoo raises $31 million

[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]

French company Woodoo announced today that it has raised $31 million to expand its platform. The startup, which specializes in materials processing, embodies the rebound of French tech on a global scale.

 

French tech is doing well! Woodoo, a French start-up that makes new high-tech biomaterials to replace traditional materials, said it raised $31 million, or about €28 million.

 

The fundraising was led by Lowercarbon Capital, a fund co-founded by former Google executive and Twitter investor Chris Sacca.

 

Founded in 2017, Woodoo transforms low-grade wood products into premium high-tech materials, which can then be used to make surfaces and panels, as well as items for luxury goods.

 

The startup, located in the Grand Est region known for its forest and woodland, aims to decarbonize the industry. It has just opened the doors to its second factory, which currently has a production capacity of 14,000 m2.

 

French tech on the rise

 

The fundraising for Woodoo underscores the growing importance of companies involved in recycling raw materials, as well as the rise of the French tech sector.

 

President Emmanuel Macron said last year that he wanted to see an increase in the number of French unicorns and tech startups by 2030.

 

Traditionally a laggard, the French tech sector has recently completed several high-profile fundraisings.

 

Read also >Forbes Ranking: French luxury bigwigs dominate Tech

Featured photo : © Woodoo[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]

French company Woodoo announced today that it has raised $31 million to expand its platform. The startup, which specializes in materials processing, embodies the rebound of French tech on a global scale.

 

French tech is doing well! Woodoo, a French start-up that makes new high-tech biomaterials to replace traditional materials, said it raised $31 million, or about €28 million.

 

The fundraising was led by Lowercarbon Capital, a fund co-founded by former Google executive and Twitter investor Chris Sacca.

 

Founded in 2017, Woodoo transforms low-grade wood products into premium high-tech materials, which can then be used to make surfaces and panels, as well as items for luxury goods.

 

The startup, located in the Grand Est region known for its forest and woodland, aims to decarbonize the industry. It has just opened the doors to its second factory, which currently has a production capacity of 14,000 m2.

 

French tech on the rise

 

[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.[/vc_cta][vc_column_text]Featured photo : © Woodoo[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]

French company Woodoo announced today that it has raised $31 million to expand its platform. The startup, which specializes in materials processing, embodies the rebound of French tech on a global scale.

 

French tech is doing well! Woodoo, a French start-up that makes new high-tech biomaterials to replace traditional materials, said it raised $31 million, or about €28 million.

 

The fundraising was led by Lowercarbon Capital, a fund co-founded by former Google executive and Twitter investor Chris Sacca.

 

Founded in 2017, Woodoo transforms low-grade wood products into premium high-tech materials, which can then be used to make surfaces and panels, as well as items for luxury goods.

 

The startup, located in the Grand Est region known for its forest and woodland, aims to decarbonize the industry. It has just opened the doors to its second factory, which currently has a production capacity of 14,000 m2.

 

French tech on the rise

 

[…][/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.[/vc_cta][vc_column_text]Featured photo : © Woodoo[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]

The editorial team

Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

Article précédent

[Special Geneva Watch Week 2023] In watchmaking, France’s ambitions to build its future success

Article suivant

La start-up technologique Woodoo lève 31 millions de dollars

Dernier en date de