Daika Wood
Upcycling Wood Waste into Natural Wood Products using Mass Manufacturing Processes
StartupDaika Wood is a Rosh Haayin-based startup in the Industrial Technologies sector, established in 2020. Upcycling Wood Waste into Natural Wood Products using Mass Manufacturing Processes. The company has raised a total of $7.6M across 4 funding rounds, currently at the Seed stage. Daika Wood was founded by Michael Layani, Oded Shosayov, Shlomo Magdassi. Key investors include Israel Innovation Authority, Terralab Ventures, Terra Venture Partners. The company has 11-50 employees. Core technologies: Materials & Substances.
With $7.6M in total funding, Daika Wood is a Seed-stage company operating in Industrial Technologies. The company follows a B2B business model. Product stage: Alpha. The company holds 1 patent. Daika Wood is identified as relevant to climate technology.
- StageSeed
- ProductAlpha
- ModelB2B
- Employees11-50
- HQRosh Haayin
- DistrictCenter District
- Last Round$1.2M
- Israel Innovation AuthorityLead
- Terralab Ventures
- Terra Venture Partners
Michael LayaniFounder & CTO
Oded ShosayovCo-founder
Shlomo MagdassiCo-founder
2 articles covered by sources including www.israel21c.org,
blog.startupnationcentral.org.
What does Daika Wood do?
Daika has developed a new material to upcycle wood waste. This material is created by grinding wood waste and mixing it with water and organic compounds, including cellulose and byproducts from the food industry. The resulting product is similar in composition to natural wood. Daikawood's have diverse applications including construction and furniture manufacturing, where it serves as an alternative to conventional wood and other building materials. Its key characteristics include the ability to be molded, pressed, extruded, or used in layered manufacturing, along with high strength and fire retardancy.
How much funding has Daika Wood raised?
Daika Wood has raised $7.6M in total funding across 4 rounds. The company is currently at the Seed stage. Key investors include Israel Innovation Authority, Terralab Ventures, Terra Venture Partners.
Who founded Daika Wood?
Daika Wood was founded in 2020 by Michael Layani (Founder & CTO), Oded Shosayov (Co-founder), Shlomo Magdassi (Co-founder).
What sector is Daika Wood in?
Daika Wood operates in Climate Tech, Clean Industry Tech , Sustainable Materials & Circularity, Industrial Technologies, Material Innovations & Applications, with core technologies in Materials & Substances. Target customers: Commerce & Retail, Consumer Goods, Consumer Electronics, Real Estate & Construction, Construction.
Where is Daika Wood located?
Daika Wood is based in Amal St 11, Rosh Haayin, Israel, Center District.