New Dawn Bio raises €2.1M pre-seed round for cultured wood

New Dawn Bio , a deeptech startup developing what it describes as the world's first cultured wood, has closed a €2.1 million oversubscribed pre-seed funding round. The round was led by CapitalT , with participation from Norrsken Evolve, Ontdekkers Group, and a group of prominent angel investors, including Jelle Prins. Founded in 2024 by Tom Clement (CEO) and Kianti Figler (COO), New Dawn Bio is developing a new approach to producing one of humanity’s oldest and most widely used materials.