Kebony raises EUR 30 million in funding round led by Jolt Capital and Lightrock
Summary
OSLO, Norway, Oct. 28, 2021 /PRNewswire/ -- Kebony, the leading environmentally friendly wood modification technology company, today announces a successful EUR 30 million funding round led by Jolt Capital and Lightrock. We are thrilled to finance the expansion of their European production facilities to both support the strong market growth and offer an alternative to rainforests deforestation," says Antoine Trannoy, Managing Partner at Jolt Capital. "The new management team has conducted a successful transformation of the company, and with backing of our new high-quality investors providing improved financial flexibility, Kebony can accelerate growth, enhance its technology development roadmap, and explore potential acquisitions. Coupled with the companys unique selling proposition and backed by double-digit growth, we believe Kebony is ideally positioned to unlock the full potential of sustainable and enhanced wood" says Cornelius Walter, newly appointed Chairman of the Board of Directors. Kebonys purpose and mission is, through active innovation, quality thinking and understanding of commercial possibilities; give the world beautiful, long lasting and environmentally friendly wood products.