Made of Air, a Berlin, Germany-based carbon negative materials company that turns wood waste into thermoplastics, raised €5m in seed funding.
The round was led by Norwegian sustainability-focused family fund, TD Veen with participation by Patrick Pichette (former CFO of Google and Chairman of the Board of Twitter), EQT Group, Thomas Von Koch (CEO and cofounder of EQT Group), Tuesday Capital, the Co-Founders of Pexip, and Olympic gold medalist skier, Aksel Lund Svindal.
The funding will be used to expand production capabilities, scale the team, and further carbon negative material R&D.
Led by Allison Dring, CEO and Co-Founder, Made of Air aims to transform products in mobility, consumer goods and the built environment by producing carbon negative materials for the net zero economy. It takes carbon from waste biomass and creates durable, thermoplastic compounds that enable products to become carbon sinks, all while replacing fossil plastics and high emissions materials.
The company’s material is already being used in a range of applications for Audi, H&M Group and BMW. Over the coming months, Made of Air will expand production capabilities by bringing a new factory online, scaling the team with additional hires in R&D, product, and business development, announcing additional partnerships with global brands, and continuing to research and develop carbon negative materials.