# Kebony AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kebony

- Industry: Forestry & Timber
- Headquarters: Oslo, Norway
- Website: www.kebony.com
- Total disclosed funding: $18M
- Latest round: Series D (Dec 1, 2009)
- Investors on record: 1

## About

Kebony AS is a Norwegian company specializing in sustainable wood products, renowned for its innovative treatment processes that enhance wood durability and stability, serving diverse markets primarily in Europe and North America.Founded in 1997 and headquartered in Oslo, Norway, Kebony AS is known for its sustainable wood treatments. The company has undergone strategic advancements to enhance its offerings but remains focused on its core mission. Kebony was co-founded by innovators in the wood industry, and it has engaged in 5 deals, with the latest funding round occurring on October 28, 2021, when it raised EUR 30 million from investors including Jolt Capital and Lightrock. The company does not have any known subsidiaries or a parent company.Kebony specializes in sustainable wood products like Kebony-treated wood, suitable for decking, cladding, and interior furnishings. This treatment process utilizes a bio-based liquid that enhances wood properties, ensuring compatibility for both residential and commercial outdoor applications. Their products cater to a diverse clientele, including architects, builders, and homeowners, focusing on markets in Norway, the United Kingdom, and the United States.In the most recent fiscal year 2022, Kebony reported a revenue of EUR 6,018,796.60 with an EBITDA of EUR -647,033.10, driven by direct sales to businesses and consumers, particularly in B2B partnerships with construction firms and retailers. The company’s sales strategy emphasizes bulk orders for commercial projects alongside residential orders, offering products like Kebony Clear and Kebony Character, which highlight unique aesthetic and performance characteristics.Following its EUR 30 million funding round on October 28, 2021, Kebony AS intends to utilize the investment to accelerate growth initiatives in its core markets in Europe and the US. The company is exploring the development of new products while targeting expansion into additional geographic regions. This strategic focus aims to increase its market share and enhance its sustainable offerings, aligning with the growing demand for eco-friendly building materials.

## Funding rounds

- Series D, Dec 1, 2009, $18M — ETF Partners

## Investors

- ETF Partners (https://capitalatlas.ai/funds/etf-partners) — Series D