New Dawn Bio has secured €2.1 million in pre-seed funding to develop and commercialize cultured wood. The company uses biotechnology and tissue engineering to grow wood from plant cells, bypassing the need for traditional tree harvesting. This investment, supported by firms including CapitalT and Norrsken Evolve, will fund product development and team expansion. By producing wood at the cellular level, the company aims to provide a sustainable alternative for industries that require high-quality materials. This project reflects a broader trend in cellular agriculture, where biological manufacturing processes are used to create traditional products. The company intends to use these resources to move its technology toward commercial availability.
Source: New Dawn Bio Raises €2.1 Million Pre-Seed Round To Commercialize Cultured Wood