View details of this raise on Seedstage

McComb, MS

Expanding manufacturing and market reach of patented, tree-free building materials made from upcycled rice hulls.

• Proven market traction: Over $19M in 2023 revenue with national distribution already established.
• Sustainable innovation: Patented composite material made from upcycled rice hulls, offering a tree-free wood alternative.
• Strong financial backing: Raised $84M in debt and equity to date.
• Economic impact: Created over 100 jobs in a Mississippi opportunity zone through its local manufacturing facility.
• Diverse market potential: Products span siding, decking, trim, and more with applicability across residential and commercial sectors.

Modern Mill is raising funds to scale its production and distribution of tree-free, sustainable building materials made from upcycled rice hulls. The company operates a manufacturing facility in Fernwood, Mississippi, and has developed patented composite materials designed to offer the aesthetics and performance of wood without the environmental trade-offs. With national distribution already in place and collaborations with major brands, Modern Mill is positioned to capture share in multiple building materials segments by replacing wood and inferior composites.

The offering aims to support continued expansion across the U.S., increasing capacity to meet demand from builders, homeowners, and contractors seeking environmentally responsible, durable alternatives to traditional materials. Backed by significant prior funding and strong revenue growth, Modern Mill intends to use proceeds to reinforce its supply chain, grow its brand, and advance its mission of sustainable manufacturing. By aligning with trends in green construction and U.S.-based sourcing, the company plans to further penetrate markets such as decking, siding, trim, and more, while revitalizing local economies and promoting circular resource use.

Company Info

Modern Mill creates tree-free, high-performance building materials from upcycled rice hulls—$19M revenue in 2023, $84M raised, targeting massive wood-alternative markets.

Modern Mill manufactures innovative, sustainable building materials using patented technology and upcycled rice hulls—creating high-performance, 100% tree-free alternatives to wood. The company generated $19M in revenue in 2023 and has raised $84M in equity and debt funding. With national distribution already established, Modern Mill’s product lineup includes siding, decking, trim, and more, targeting a $500B+ total serviceable market.

The Mississippi-based company employs over 100 people, revitalizing a historic mill town while diverting millions of pounds of agricultural waste from landfills. Its products are engineered to outperform wood and traditional composites—offering stainable, paintable, durable solutions that are easy to work with and loved by installers. Backed by industry accolades and Fortune 500 partnerships, Modern Mill is reshaping the future of building materials with sustainability and style.