Amsterdam-based VonWood, a digital trading platform for Wood, announced that it has raised €2.7M from Peak, Dutch Founders Fund, Keen, and several strategic partners.
The Dutch company says it aims to accelerate the platform’s growth and disrupt the traditional supply chain, making the wood market accessible to everyone.
Founded by David de Jong and Minck Hermans in 2022, VonWood brings wood buyers and sellers together with a new online trading platform without intermediaries.
“The timber industry is fragmented with little understanding of the origin, quality, and working conditions. As a result, businesses that buy timber on a large scale have limited control over the supply and therefore run the risk of ceasing their production. On the other hand, Sawmills have little insight into demand, so they produce based on an estimate, often resulting in a surplus or shortage of stock. By directly connecting supply and demand, we want to remove those risks,” says David de Jong, founder, and CEO of VonWood.
The company aims to make the online trading process completely transparent and cheaper.
Besides connecting buyers and sellers, VonWood provides insight into the wood’s origin, quality, and sustainability.
In addition to the conventional replanting of FSC-approved wood, the company also compensates for every platform transaction by planting new trees.
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