HempWood
HempWood (Fibonacci, LLC) is a Murray, Kentucky-based manufacturer founded in 2018 that produces carbon-negative engineered hardwood from compressed hemp fibers and soy-based adhesive. It sells flooring, lumber, panels, tabletops, and frames to residential homeowners, commercial/architectural specifiers, and flooring dealers through DTC e-commerce, a US dealer network, and European distributors, with exclusive licensing in Europe, Canada, and Australia.
- Company typePrivate
- Founded2018
- HeadquartersMurray, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What HempWood does
HempWood (legal entity Fibonacci, LLC) is a Murray, Kentucky-based materials manufacturer founded in 2018 that produces carbon-negative engineered hardwood from compressed industrial hemp fibers bonded with a soy-based, no-added-formaldehyde adhesive pressed at 3,000 tons to roughly 60 lb/ft³ density. The core product line spans HempWood Organic Flooring (Premium Select and Character grades, $5.99-$9.99/sq ft), Lumber and Boards (48- and 72-inch), Panels (single- and double-sided), cross-laminated Table and Desk Tops (from $649.99), Picture Frames, and Turning Blanks for woodworkers. The company holds multiple patents on its hemp-to-hardwood manufacturing process and has accumulated a stack of certifications including CARB 2, USDA Biobased, Declare Label, FloorScore, GREENGUARD, EPD (carbon-negative), and HPD.
HempWood monetizes through a hybrid go-to-market: direct-to-consumer e-commerce on Shopify, a US dealer network (Georgia Carpet Industries, Bell Floor Covering, The Floor Doctors, MyPlanet Living Center), an international distributor footprint covering 12+ European countries, a dedicated commercial/wholesale division handling bulk orders and CSI specifications, and an exclusive territorial licensing model for its patented manufacturing process in Europe, Canada, and Australia. Customer segments are split between residential homeowners (primary), commercial/architectural specifiers pursuing LEED and WELL credits (primary), and wholesale/dealer resellers. Two Murray, KY factories have been opened since 2019, with the second commissioned in August 2025 at a ribbon-cutting attended by Senator Rand Paul.
The company is privately held and founder-controlled (Greg Wilson, Founder/CEO, invented the technology in 2010), with no disclosed institutional venture or private equity capital. Non-dilutive funding has come from Kentucky state programs (Bluegrass AgTech Development Corp grant in August 2024; SBIR-STTR Match Program award in February 2026). HempWood was named to the Inc. 5000 list in 2025 as Kentucky's fastest-growing manufacturer and was voted the 'Coolest Thing Made in Kentucky' in 2024.
HempWood firmographics
Firmographics- Name
- HempWood
- Legal name
- Fibonacci, LLC
- Website
- https://hempwood.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- HempWood (Fibonacci, LLC) is a Murray, Kentucky-based manufacturer founded in 2018 that produces carbon-negative engineered hardwood from compressed hemp fibers and soy-based adhesive. It sells flooring, lumber, panels, tabletops, and frames to residential homeowners, commercial/architectural specifiers, and flooring dealers through DTC e-commerce, a US dealer network, and European distributors, with exclusive licensing in Europe, Canada, and Australia.
- Ownership category
- akta.pro rank
Where HempWood is headquartered
LocationHeadquarters
- HQ city
- Murray
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
HempWood business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Product Sales - Flooring: Direct sales of HempWood Organic Flooring through e-commerce and dealers. Engineered hardwood flooring in multiple grades (Premium Select, Character) and finishes (Prefinished, Site-finished). Pricing from $5.99-$9.99 per square foot.
- Product Sales - Lumber and Boards: Sale of HempWood lumber, boards, and blocks in various dimensions (48-inch and 72-inch options). Products include 48-Inch Board ($9.99), 72-Inch Board ($14.99), 48-Inch Block ($119.19), and 72-Inch Block ($179.99).
- Product Sales - Furniture: Sale of finished furniture products including Solid Core Tabletops (from $799.99), Solid Core Desktops (from $649.99), and furniture components.
- Product Sales - Panels: Sale of single-sided and double-sided HempWood panels for cabinetry, shelving, and furniture applications. Pricing starts from $7.99.
- Product Sales - Frames and Accessories: Sale of picture frames (Diploma Frame $99.99, Letter Sized $79.99) and sample packs (Craftsman Sample $29.99, Flooring Sample $24.99, Architecture & Design Sample Pack).
- Licensing Royalties: HempWood offers exclusive territorial licensing for their patented manufacturing technology. Partners receive proven production methods, technical documentation, and training. Available territories include Europe, Canada, and Australia.
- Commercial and Wholesale: Volume pricing for commercial bids, bulk lumber, and shipping container quantities. CSI specifications and submittal packages available for commercial projects.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | HempWood Organic Flooring - Character Grade |
| Unit Pricing | Pay-as-you-go | HempWood Organic Flooring - Premium Select Grade |
| Unit Pricing | Pay-as-you-go | Sample Packs |
| Unit Pricing | Pay-as-you-go | Lumber Products |
| Unit Pricing | Pay-as-you-go | Solid Core Tabletops |
| Unit Pricing | Pay-as-you-go | Solid Core Desktops |
| Unit Pricing | Pay-as-you-go | Frames |
| Unit Pricing | Pay-as-you-go | Panels |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels7 records
HempWood product offering
Product offeringCore offering
HempWood manufactures carbon-negative, engineered hardwood products by compressing hemp fibers with a no-added-formaldehyde soy-based adhesive under 3,000 tons of pressure. Its core product is HempWood Organic Flooring, complemented by hemp lumber boards/blocks, panels, solid core table and desk tops, picture frames, sample packs, and turning blanks. The company sells direct to consumers via its e-commerce storefront and to commercial buyers, dealers, and licensed manufacturing partners.
Product overview
HempWood is a sustainable building materials company producing carbon-negative, hemp-based alternatives to traditional hardwood. The product portfolio centers on HempWood Organic Flooring as the flagship offering, complemented by HempWood Lumber (boards and blocks in 48" and 72" lengths), HempWood Panels (single and double-sided), and Table & Desk Tops. Supporting products include Picture Frames in diploma and letter sizes, plus various sample packs for customers (Craftsman Sample, Flooring Sample, Architecture & Design Sample) and Turning Blanks for woodworkers. The company operates direct-to-consumer e-commerce, supported by international distributors across Europe and the UK, with two manufacturing facilities in Murray, KY.
Differentiator
Problem solved
Functional benefit
Brands
- HempWood Bio: Bio-based certified hemp composite product line.
- HempWood Organic Flooring
Products and services
- HempWood Organic Flooring Carbon-negative engineered hemp-flooring planks with a tongue-and-groove lock system, bevel edges, ~2,200 Janka hardness, Bona Traffic HD zero-VOC finish, sold to homeowners and commercial projects in multiple grades and finishes.
- HempWood Lumber (Boards and Blocks) Engineered hemp hardwood boards (48" and 72") and blocks (48" and 72") featuring rift and live grain patterns, sold for furniture making, cabinetry, shelving, and millwork.
- HempWood Panels Single-sided and double-sided hemp composite panels used for cabinetry, shelving, and furniture construction, with pricing starting from $7.99.
- HempWood Solid Core Table & Desk Tops Cross-laminated pressed hemp-core tabletops and desktops (round/square 42x42" from $799.99; Solid Core Desktops from $649.99) finished with VOC-free Bona matte; can carry Class 1 fire rating for commercial grade applications.
- HempWood Picture Frames Decorative hemp-based picture frames in diploma ($99.99) and letter-sized ($79.99) formats for home and office use.
- HempWood Craftsman Sample Pack Sample kit ($29.99) containing HempWood paneling and lumber samples for woodworkers and craftsmen to evaluate workability before purchase.
- HempWood Flooring Sample Pack Flooring sample pack ($24.99) featuring multiple HempWood color options for customers to evaluate appearance and quality before purchase.
- HempWood Architecture & Design Sample Pack Comprehensive sample pack for architects and designers featuring various HempWood products for specification purposes, with shipping included.
- HempWood Turning Blanks Machinable hemp blocks produced from stabilized pressed HempWood material, designed for wood turning projects by hobbyist and professional woodworkers.
- HempWood Manufacturing Technology Licensing Exclusive territorial licensing of HempWood's patented hemp-composite manufacturing technology, with partners receiving proven production methods, technical documentation, and training; available territories include Europe, Canada, and Australia.
Quantifiable outcome
- Carbon negative: removes 2 tons of CO2 per acre; hemp sequesters up to 15 tonnes CO2 per hectare
- +3 more outcomes
Companies that use HempWood
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles4 records
HempWood technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
HempWood partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and standard.
- Pure MaterialscoreOfficial distributor for Germany, Switzerland, and Austria. Website: www.pure-materials.ch. Ensures best shipping rates and local service for European customers.
- HempWood UKcoreOfficial distributor for the United Kingdom. Website: www.hempwood.co.uk.
- HempWood NederlandcoreOfficial distributor for the Netherlands. Website: www.hempwoodnederland.nl.
- Follow The SunstandardOfficial distributor for Denmark. Website: www.followthesun.dk.
- Hemp InnovationsstandardOfficial distributor for Sweden. Website: www.hempinnovations.bio.
- HempWood BGstandardOfficial distributor for Bulgaria. Website: hempwood.bg.
- Matter GroupstandardOfficial distributor for Spain. Website: www.matter.group.
- Viking HempstandardOfficial distributor for Norway. Site under construction.
- Georgia Carpet IndustriesstandardUS dealer since 2022. American owned since 1969, located in Dalton, Georgia. Offers top-notch customer service for HempWood Natural Flooring.
- Bell Floor CoveringstandardUS dealer in Philadelphia, PA. Offering quality floor coverings since 1936 with excellent customer service. HempWood Display rack available.
- The Floor DoctorsstandardUS dealer in Des Moines, Iowa. Long-standing flooring dealer since 2004 offering HempWood to the community.
- MyPlanet Living CenterstandardDealer in Chicago, Illinois. Offers leading products including HempWood Organic Flooring in one showroom location.
- Material BankcoreFeatured in Material Bank's inspirational palettes for architects and designers. Material Bank is the largest material marketplace in the architecture and design community, serving over 90,000 design professionals. Free HempWood samples available through the platform.
- United Soybean BoardcoreCollaboration with United States Soybean Board for industry events and trade shows. HempWood uses soy-based adhesive in manufacturing. Shared booth presence at NWFA Expo and AIA Conference.
- Murray State University and Center for Agricultural HempcoreOngoing farming partnership for hemp cultivation. Local farmers work with the university and company for hemp growing season. Hemp planting begins around May annually.
- International Living Future Institute (ILFI)coreIssues Declare labels for building materials. HempWood received first-ever Declare label for their flooring products, certifying transparency regarding ingredients and toxicity.
- BonastandardFlooring finish supplier. HempWood uses Bona Traffic HD for prefinished flooring durability and wear resistance, and Bona matte coat for tabletops.
- PureBondstandardHardwood plywood supplier. HempWood pairs dense architectural veneer with PureBond hardwood plywood for flooring products.
Scale indicators8 records
Recent moves2 records
Expansion highlights6 records
HempWood competitors and assessment
Company assessmentMarket position
Weaknesses5 records
Competitive moat5 records
Customer concentration
HempWood social profiles
Digital presenceHempWood compliance and trust
Trust signalCompliance12 records
HempWood financial estimates
Financial estimateRevenue estimate
Valuation estimate
HempWood leadership team
Management profileNumber of profiles
Profiles3 records
HempWood funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HempWood M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HempWood
What does HempWood do?
HempWood manufactures carbon-negative, engineered hardwood products by compressing hemp fibers with a no-added-formaldehyde soy-based adhesive under 3,000 tons of pressure. Its core product is HempWood Organic Flooring, complemented by hemp lumber boards/blocks, panels, solid core table and desk tops, picture frames, sample packs, and turning blanks. The company sells direct to consumers via its e-commerce storefront and to commercial buyers, dealers, and licensed manufacturing partners.
Is HempWood a public or private company?
HempWood is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was HempWood founded?
HempWood was founded in 2018. It employs 11 to 50 people.
Where is HempWood based?
HempWood is headquartered in Murray, United States, in the North America region.
How does HempWood make money?
Seven revenue lines are on record. Product Sales - Flooring is the primary driver. The others are product Sales - Lumber and Boards, product Sales - Furniture, product Sales - Panels, product Sales - Frames and Accessories, licensing Royalties and commercial and Wholesale.
Does HempWood have an API?
No public API is recorded for HempWood.