Lingrove secures $10 million in financing to ramp up plant-based ekoa production

Lingrove (San Francisco, Calif., U.S.), a company that uses patented technology to transform fast-growing plants into composite surfaces and panels for the built environment and beyond, announces an oversubscribed Series B round of funding led by Lewis & Clark Agrifood and Diamond Edge Ventures, with participation from Bunge Ventures and SOSV. The funding enables Lingrove to ramp up production of ekoa, a natural, durable and carbon-negative alternative to conventional materials used in construction.

Made from carbon-negative flax fibers and bio-based thermoplastic, Lingrove contends that ekoa can sequester billions of tons of CO₂ per year by replacing plastics, metals and wood with a renewable-sourced product. The company aims to reinvent and decarbonize the trillion-dollar renovation and new construction materials market, making interiors healthy, beautiful and climate-friendly. Lingrove, which launched in-house manufacturing of ekoa surfaces in late 2023, has secured millions in ekoa pre-orders. Its eco-veneers are currently being used in wall and cabinetry applications, as well as advanced materials testing for the automotive sector. Lingrove says it is targeting architects, designers, builders and manufacturers, enabling interiors that are both high-performance and environmentally friendly.

“We are thrilled to have the support of a dream investor syndicate, which brings global expertise in bio-feedstocks, composites and manufacturing, and shares our vision of a new industrial revolution powered by fast-growing plants,” Lingrove’s CEO Joe Luttwak says. “The journey won’t be easy, but together, we can improve indoor air quality and the health of the planet by making ekoa accessible to all.”