# Lingrove

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lingrove

- Industry: Forestry & Timber
- Headquarters: San Francisco, US
- Website: www.lingrove.com
- Total disclosed funding: $15M
- Latest round: Series B (Nov 9, 2023)
- Investors on record: 7

## About

Lingrove Inc, based in the US, specializes in manufacturing ultra-sustainable eco-veneers from renewable plant materials, particularly flax, providing innovative solutions for various industries including architecture and automotive design.Founded in 2013, Lingrove Inc is headquartered in San Francisco, US. The company designs and manufactures sustainable materials and has successfully secured a total of 3 deals, with the latest funding round occurring on November 9, 2023. The company raised USD 10.1 mn in Series B funding, co-led by Lewis & Clark Ventures and Diamond Edge Ventures, with participation from SOSV and Bunge Ventures. Joseph Luttwak, who serves as both the founder and CEO, has a history of entrepreneurial ventures tied to sustainability.Lingrove specializes in the design, engineering, and manufacturing of ultra-sustainable eco-veneers, focusing on their flagship product, ekoa®, a bio-based composite material. Ekoa® is noted for its aesthetic appeal and functional durability, suitable for applications in architectural interiors, automotive designs, and high-performance wall coverings. Its high impact resistance and ease of maintenance make it ideal for hospitality, healthcare, and commercial sectors. Lingrove's products cater to architects, interior designers, and manufacturers seeking eco-friendly solutions without compromising style or performance.Lingrove generates revenue through direct sales of eco-veneers, particularly the ekoa® product line, to B2B clients within the construction and design industries. Transactions are typically project-based contracts with architects and designers specifying ekoa® for various projects, such as public spaces and corporate environments. The pricing structure reflects the premium quality and sustainability of the materials, tailored to different project requirements. Partnerships with manufacturers and retailers enhance distribution, integrating ekoa® into a wide array of commercial interior applications.Lingrove plans to utilize the recent USD 10.1 mn funding from its Series B round, which closed on November 9, 2023, to increase the production of its flagship ekoa® composite materials. The company is also working on launching new products designed for broader applications and aims to expand into new geographic markets, targeting regions that prioritize eco-friendly building materials. By December 2024, Lingrove anticipates reaching additional markets, thereby enhancing its global footprint.

## Funding rounds

- Series B, Nov 9, 2023, $10M — SOSV, Lewis & Clark Ventures, Diamond Edge Ventures, Bunge Ventures
- Series A, Nov 12, 2021, $4.6M — Mayfield Fund, SOSV, IndieBio, Gaingels, Diamond Edge Ventures
- Seed, Jan 24, 2018 — SOSV, IndieBio

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed, Series A, Series B
- IndieBio (https://capitalatlas.ai/funds/indiebio) — Seed, Series A
- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Diamond Edge Ventures (https://capitalatlas.ai/funds/diamond-edge-ventures) — Series A, Series B
- Lewis & Clark Ventures (https://capitalatlas.ai/funds/lewis-clark-ventures) — Series B
- Bunge Ventures — Series B