# Strong by Form

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/strong-by-form

- Industry: Materials
- Headquarters: Santiago, Chile
- Website: www.strongbyform.com
- Total disclosed funding: $5.7M
- Latest round: Seed (Nov 30, 2023)
- Investors on record: 8

## About

Based in Santiago Metropolitan, Chile, and founded in 2018 by co-founder and CEO Andres Mitnik, Woodflow Technologies, S.L., trading under the name Strong by Form, operates as a construction material company that develops and manufactures timber-based biocomposite materials with a focus on replacing steel, aluminum, and concrete in construction and mobility. In December 2023, Strong by Form SpA raised EUR 4.8 million in seed funding led by CMPC Ventures, with participation from MAIF Avenir, Teampact Ventures, Core Angels, Savia Ventures, FINSA, CIRI, SymbiaVC, Climate Insiders, and VX Ventures.

The company has developed woodflow technology that enables the use of wood-based composites for lightweight, high-performance applications such as lightweight construction and mobility. Strong by Form combines digital design, structural optimization, and digital fabrication to produce structural wood-based composite parts for mobility.

The company plans to use its proceeds from December 2023 funding to hire additional staff for its new product development programs and construct an industrial manufacturing plant.

## Funding rounds

- Seed, Nov 30, 2023, $5.7M — CIRI, Ternel, FINSA, Core Angels, Teampact Ventures, SymbiaVC, Savia Ventures, CMPC Ventures

## Investors

- CIRI — Seed
- Ternel (https://capitalatlas.ai/funds/ternel) — Seed
- FINSA — Seed
- Core Angels (https://capitalatlas.ai/funds/core-angels) — Seed
- Teampact Ventures (https://capitalatlas.ai/funds/teampact-ventures) — Seed
- SymbiaVC (https://capitalatlas.ai/funds/symbiavc) — Seed
- Savia Ventures (https://capitalatlas.ai/funds/savia-ventures) — Seed
- CMPC Ventures — Seed