The worldwide demand for wooden might develop by 54% between 2010 and 2050, in keeping with a research by the World Resources Institute. Whereas some constructing supplies like metal get consistently recycled again into the availability chain, wooden doesn’t. Cambium hopes to repair that.

Cambium seems to be to construct the availability chain that retains wooden from being wasted by connecting these with already-been-used wooden to the companies and folk that want it. Cambium co-founder and CEO Ben Christensen lately instructed For Millionaires’s Found podcast that solely 5% to 10% of wooden will get reused presently, with most ending up in landfills or become mulch.

“We’re constructing a greater worth chain the place you should use native materials, you should use salvaged materials, and all of that’s related by means of our expertise,” Christensen stated. “In order that’s what we do is we ship carbon sensible wooden, domestically salvaged wooden, tracked on our expertise, to massive consumers to construct buildings, to construct furnishings, to make use of any type of factor that you just use wooden for. And we do this in a very environment friendly and cost-competitive manner.”

Demand for extra sustainable wooden has been rising lately, Christensen stated, however earlier than Cambium there wasn’t a very good system to seek out the recycled wooden. Cambium fixes that and extra, he stated. The corporate goes to companies with recycled wooden to promote and reveals them the demand for his or her merchandise whereas additionally promoting its software program that helps with stock administration and level of sale to those suppliers.

Cambium additionally helps consumers get higher visibility into the place their wooden is coming from and might additional cut back their carbon footprint by choosing a neighborhood vendor, Christensen stated.

“Folks like actually, actually need to purchase this materials, we’ve been actually overwhelmed with demand there and that helps us get sourcing and quantity onto the platform in an effort to go and meet that demand,” Christensen stated.

Christensen added that the corporate has benefited from a generational shift too as development corporations and folks in wood-related trades retire and the following technology of parents in these fields look to undertake expertise and be extra environmentally pleasant.

Cambium was based in 2019 and is predicated in Washington, D.C. The startup has raised greater than $8.5 million in funding from VCs together with The Alumni Fund, Gaingels and MaC Enterprise Capital, amongst others.