Amsterdam-based VonWood, a digital platform aimed at revolutionizing timber trading, has filed for bankruptcy as the Amsterdam District Court confirmed this week. Despite its innovative approach to eliminate intermediaries and make the wood trading process more transparent, the company's efforts fell short due to the timber industry's conservative nature. Founded in 2022, VonWood sought to connect buyers and sellers directly while promoting sustainability by planting trees for every transaction. The bankruptcy follows nine months after VonWood's selection for the Rise programme, highlighting a rapid downturn in its operations.
The inherent conservatism of the timber industry has made it challenging to achieve digital transformation, despite efforts from our team and partners.
VonWood was designed to connect buyers and sellers directly, eliminating intermediaries to make wood trading more transparent and affordable.
The bankruptcy announcement comes nine months after VonWood was selected for the 13th cohort of the Rise programme, indicating a rapid decline.
In addition to making trading transparent, VonWood compensates every transaction by planting new trees, signaling a commitment to sustainability.
Collection
[
|
...
]