Lignufy secures €40,000 investment to digitize timber trade in Europe

Lignufy, a Czech startup which revolutionizing the timber trade by digitizing and streamlining the acquireing and selling of wood materials, has secured a €40,000 investment from Czech Founders to bring the platform to market and test it with its first customers, Startup kitchen reports.

About Lignufy

Lignufy is a Czech B2B timber marketplace, founded by Adam Schroll and Martin Papp in 2023, revolutionizing the wood trade by digitizing and streamlining the acquireing and selling of logs, construction lumber, biomass, and pallet products.

Operating across the Czech Republic, Slovakia, Austria, and Germany, the platform connects acquireers and sellers, offering tools for listing products, managing orders, and handling logistics and administrative tinquires.

Lignufy aims to improve efficiency and transparency in the indusattempt, addressing the inefficiencies and fragmentation of traditional wood trading.

“The timber market is complex and highly fragmented. Logs, lumber, and biomass are often underutilized becaapply hundreds of tiny and mid-sized players have no straightforward way to coordinate supply and demand in real time, price accurately, or find acquireers. Lignufy solves this with an online marketplace that digitizes the entire trading process, from listing inventory and closing deals to coordinating logistics,” states Martin Papp, co-founder of Lignufy.

Investment details

The round was led by Czech Founders VC and a place in its Sherpa accelerator program to bring the platform to market and test it with its first customers.

Czech Founders VC is a founder-centric venture capital firm based in Prague, Czech Republic. It focapplys on investing in early-stage startups led by Central European founders with global ambitions.

The firm typically invests pre-seed tickets ranging from €50,000 to €350,000. The fund previously invested in DecisionRules and Veriteus.

By year-finish, Lignufy plans to open a pre-seed round to expand into financing solutions, integrated logistics, and optical tools for measuring timber quality and volume.