# Woamy

**Source:** https://www.startuphub.ai/startups/woamy
**Profile type:** Startup

> Developing a recyclable and biodegradable bio-based foam material to replace harmful plastic foams.

## About

Woamy is a Finnish startup that develops and commercializes a unique, patented biofoam technology inspired by the directional strength of wood. This material is recyclable, biodegradable, lightweight, and strong, offering a sustainable alternative to traditional plastic foams for applications like protective packaging, shoe insoles, and building insulation. The company aims to transform the foam industry with sustainable innovation.

## Key facts

- **Slug:** woamy
- **Website:** https://woamy.com/
- **Location:** Espoo, Finland
- **Founded:** 2022-01-01
- **Employees:** 17
- **Operating status:** Active
- **Total funding:** $1M
- **Sectors / tags:** Advanced Materials, Energy, Climate Innovation, Deep Tech, Advanced Manufacturing & Materials, Energy & Climate Tech, Sustainability, Packaging, Biomaterials, Circular Economy, GreenTech
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/woamy/
  - Twitter: https://twitter.com/woamy_biofoam
  - Facebook: https://www.facebook.com/woamybiofoam/

## Frequently asked

### What does Woamy do?

Woamy is a Finnish startup that develops and commercializes a unique, patented biofoam technology inspired by the directional strength of wood. This material is recyclable, biodegradable, lightweight, and strong, offering a sustainable alternative to traditional plastic foams for applications like protective packaging, shoe insoles, and building insulation. The company aims to transform the foam industry with sustainable innovation.

### What is Woamy's valuation?

StartupHub estimates Woamy's effective valuation at $4.5M (range $2.8M to $6.6M, 10% confidence), based on comparable companies in the sector.

### How much funding has Woamy raised?

Woamy has raised a total of $1M in funding. The most recent round on record is Seed.

### Where is Woamy headquartered?

Woamy is headquartered in Espoo, Finland.

### When was Woamy founded?

Woamy was founded in 2022.

### What industry does Woamy operate in?

Woamy operates in Advanced Materials, Energy, Climate Innovation, Deep Tech, Advanced Manufacturing & Materials, Energy & Climate Tech.

### How many employees does Woamy have?

Woamy has approximately 17 people on record.

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