Hydrowood secures strategic investment to accelerate growth and expand global timber opportunity
“The demand from architects, builders and green infrastructure is only growing—and now we’re better positioned to meet it.”
Neale Tomlin, Hydrowood CEO
Hydrowood has welcomed two new strategic investors, including AMB Holdings, as part of its latest capital raise, unlocking the next phase of growth for the Tasmanian-based sustainable timber pioneer.
The investment will fuel Hydrowood’s expansion of on-lake harvesting operations at Lake Pieman and drive access to additional underwater timber resources across Tasmania, supporting rising demand for its certified, high-specification timbers with a powerful origin story.
AMB Holdings, an Australian Family Office with a focus on nature positive investing, has joined the Hydrowood register, attracted by the company’s unique blend of innovation, ESG alignment, and global scalability. AMB’s backing marks a strong endorsement of Hydrowood’s environmental impact, commercial strategy and future trajectory.
This capital raise follows Hydrowood’s record-breaking $2.1 million equity crowdfunding campaign via OnMarket in 2023—the largest at the time in Tasmanian history. With more than 600 new shareholders onboard, the campaign not only raised funds but also built a network of engaged brand ambassadors, accelerating awareness and early customer engagement.
Hydrowood Co-Founder Andrew Morgan, who also founded plantation asset manager and carbon project developer SFM alongside business partner David Wise, said the investment comes at a time when the global timber market is under intense supply pressure.
“We’re facing a global timber shortfall. Access to native forests is becoming challenging, bushfires are rising, and demand for ethically sourced timber is surging. What we have with Hydrowood is a rare opportunity: an abundant, high-value resource that is ready to harvest, immune to bushfire, and free from land-based forestry constraints,” Morgan said.
“Investors see that—and they see the global potential. We estimate over 300 million tonnes of timber lie submerged in lakes around the world, representing a $50 billion opportunity.”
Newly appointed Hydrowood CEO Neale Tomlin echoed the optimism:
“The commitment from our new strategic investors is a vote of confidence in a model that delivers premium materials, climate credentials and design appeal in equal measure. The demand from architects, builders and green infrastructure is only growing—and now we’re better positioned to meet it.”
Hydrowood’s next phase includes:
Expanding harvesting operations at Lake Pieman
Scaling up the volume of resource available to market
Further developing a pipeline of projects
Expanding research and development and technical capacity
Securing access to more than 300,000m³ of additional of submerged timber in Tasmania
Enhancing drying, processing and distribution infrastructure
Growing its footprint in architectural, designer-maker and green building markets
With environmental certifications including PEFC and Responsible Wood, Hydrowood continues to lead the way in responsible resource use—redefining what ethical/sustainable timber supply can look like in the 21st century.
A Powerful Origin. A Global Future.
Hydrowood’s journey from submerged Tasmanian forests to some of Australia’s most iconic design projects is now supported by a diverse and strategic group of investors who share its long-term vision. The company thanks its shareholders for their continued support—and looks forward to delivering on the next chapter of growth.
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