Baltimore-area startup raises $5.3M to repurpose wood meant for the landfill
A Baltimore County startup has raised $5.3 million to use wood normally destined for the landfill to create tables, floors and other construction products.
Cambium Carbon takes wood from trees that fall down during a storm or are cut down at construction sites and repurposes them for new uses. CEO Ben Christensen plans to use the latest round of funding led by MaC Venture Capital to add new products, launch a nationwide expansion and enhance the software side of the business. Other participants in the funding round include Blue Pool Capital, Rise of the Rest, and Alumni Ventures, as well as new investors such as Connecticut Innovations and Gaingels. The round closed on Dec. 1.
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