Made of Air raised €5 million from TD Veen.

Made of Air, a Berlin, Germany-based startup manufacturer of alternative industrial products made out of wood waste, announced the completion of an equity financing raised closed at €5 million ($6M).

The money was raised from investors led by Norwegian sustainability-focused family fund, TD Veen, and joined by Patrick Pichette (former CFO of Google and chairman of the board of Twitter), EQT Group, Thomas Von Koch (CEO & co-founder of EQT Group), Tuesday Capital, the co-founders of Pexip and Olympic gold medalist skier, Aksel Lund Svindal.

Made of Air, founded in 2016 by CEO Allison Dring, Allison Dring, Daniel Schwaag and Kasia Zalewska, is a radical new biochar-based material designed to combat climate change. The material is made of 90% atmospheric carbon and represents a sustainable alternative for use in construction, interiors, furniture and more, as it does carbon sequestration making use of (pyrolyzed) wood waste in order to lock up carbon for long periods in the resulting hardened carbon-negative thermoplastic compound.