What is Kebony?
Kebony is a distinguished global brand and producer of modified wood, headquartered in Oslo, Norway. The company specializes in transforming sustainably sourced wood species into highly durable and stable materials through its proprietary, eco-friendly modification process. This innovation enhances the wood's resistance to decay and insect attack, making it an ideal, long-lasting alternative to traditional hardwoods and plastic composites for a wide array of applications, including decking, cladding, and interior design. Kebony's commitment to sustainability and high-performance materials positions it as a key player in the green building and design sectors.
How much funding has Kebony raised?
Kebony has raised a total of $54.6M across 2 funding rounds:
Private Equity
$20.6M
Unspecified
$34M
Private Equity (2015): $20.7M with participation from Investinor and PMV nv
Unspecified (2021): $34M led by Jolt Capital and Lightrock
Key Investors in Kebony
Jolt Capital
Jolt Capital is a private equity firm specializing in growth-stage deeptech companies, focusing on sectors such as cybersecurity, semiconductors, and advanced materials. They provide growth capital to enable companies to scale and expand into new markets.
Lightrock
Lightrock is a global sustainable investment platform managing over $5.5 billion, focusing on investing in purpose-driven businesses that address significant global challenges with a commitment to impact and returns.
Investinor
Investinor AS is an investment company that collaborates with entrepreneurs and investors to develop promising businesses into world leaders, with a focus on sustainable investments and innovation.
What's next for Kebony?
The recent major strategic investment in Kebony signals a strong confidence from its backers in the company's future growth and market potential. This capital infusion is expected to accelerate Kebony's expansion into new international markets, bolster its production capacity, and drive further innovation in sustainable wood modification technologies. The company is poised to leverage this backing to solidify its leadership in providing eco-friendly, high-performance wood solutions, potentially exploring new product lines and strategic partnerships to enhance its competitive edge in the global construction and design industries.
See full Kebony company page
