SAN DIEGO, CALIFORNIA - iCFO Capital Global, Inc., recently partnered with Timberwise Group to raise $10M from iCFO Capital Global investor network nationwide.
Timberwise is a group of industry professionals who have identified the solution and assembled the components to help the world to switch over to a new source.
Behind more than 66,000 hydroelectric dams worldwide hides flooded forests of perfectly preserved trees.
They aim to use their revolutionary technology to harvest these underwater forests and market the environmentally friendly “Waterwood.” while providing an excellent source of biomass to the shore of the electrical grid.
Timberwise has developed technology that allows precious hardwoods to be retrieved efficiently and safely from lakes and resevoirs minimizing impact on the environment.
As the global supply for quality timber steadily decreases, the demand for a sustainable source of wood is rapidly increasing. Timberwise is addressing this demand by tapping into harvesting previously untouched, well preserved timber reserves that currently exist underwater.
There are currently millions of hectares of underwater forests which were flooded during the building of hydroelectric dams, resulting in over 66,000 potential operations sites worldwide. Timberwise is set to take advantage of this $120+ billion global market.
Lonnie Hayward is the founder and CEO of Timberwise group, he has experience in the Forestry, Mining, Oil and Gas, and Finance sectors. While working in these Industries, Mr. Hayward noticed the considerable impact each was having on the environment and the need for more attention given to improving processes and standards for the future benefit of the planet. He started looking at environmentally friendly businesses with real potential for positive change.
For more information about the company, please visit: https://www.timberwisegroup.com/
iCFO Capital Global, Inc. provides a platform for Entrepreneurs to connect with our Private Investors that makes direct debt and equity investment for early-stage and expand growth businesses. To learn more about how your business can secure the funding it needs, visit: https://www.icfocapital.com/
