New Dawn Bio, a startup creating cultured wood, has secured €2.1 million in an oversubscribed pre-seed funding round led by CapitalT. This marks the company's first external funding, which will be used to advance its technology and grow its team. The company's process can produce wood up to 10,000 times faster than traditional forestry and aims to avoid 2.1 gigatons of CO₂ emissions annually.
Amount: $2.1M
