Investinor injects NOK 32m into Kebony

Investinor's capital backing was matched by existing investors Environmental Technologies Fund, Munich Venture and Seventure Partners.

Kebony will use the fresh capital to support its plans to grow internationally, which will involve the opening of new production facilities outside of Norway.

Previous funding
The business previously received a €12m investment from Environmental Technologies Fund in 2010, alongside other unnamed investors.

Company
Kebony is a wood processing company specialising in treatment of non-durable wood to improve its strength and durability. The company's treatment is an environmentally friendly way of improving the properties of wood that can be used instead of tropical hardwood and other high-quality wood. Its products are used in a number of sectors, from private housing to yacht construction.

Based in Oslo, the company's history goes back to 1996 and Wood Polymer Technologies, which developed the processes used by Kebony.

It opened its first large-scale factory in 2003.

People
Investment director Stig Andersen led the round for Investinor. Christian Jebsen is the CEO of Kebony.

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• Topics
• Nordics
• Expansion
• Industrials
• Norway
• Environmental Technologies
• Seventure (SPEF)