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Kebony

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Patented wood modification enhancing softwood to hardwood.

Oslo, NorwayFounded 1997Real Estate
Valuation $100–250M Last recorded · 2021
Revenue $10–50M Latest reported FY
Headcount 100–500 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Kebony and the history behind them.

About Kebony

Kebony is a Norwegian materials science company, founded in 1997, that produces a sustainable alternative to tropical hardwoods. Its history traces back to the work of Canadian scientist Marc Schneider, whose research in the late 1980s on wood polymerisation formed the basis of Kebony's technology. The company was established in Oslo to commercialize this process, opening a pilot production facility in 2003 and beginning full-scale manufacturing in 2009.

The company's business is centered on its patented "Dually Modified™" technology. This process impregnates sustainably-sourced softwoods, like pine, with a bio-based liquid derived from agricultural crop waste, primarily furfuryl alcohol. Through a combination of vacuum pressure and heat, this liquid permanently polymerizes and grafts onto the wood's cell walls. This dual modification process increases the wood's density, hardness, dimensional stability, and durability, giving it characteristics comparable or superior to tropical hardwoods. The final product is resistant to rot, fungi, and harsh weather conditions without requiring chemical treatments.

Kebony's business model involves manufacturing and distributing this enhanced wood to a global market. It targets architects, designers, and developers in the residential and commercial construction industries. The company operates production facilities in Norway and Belgium and manages a global sales and distribution network with a presence in Europe, North America, and the Middle East. Its product line is available in 'Clear' (smooth) and 'Character' (knotty) grades and is used for applications such as decking, cladding, flooring, outdoor furniture, and even marine decking. Kebony has raised approximately $87.3 million over several funding rounds, with significant investments aimed at expanding production capacity to meet growing demand.

The company has had several leadership changes, with Tom Paemeleire appointed CEO in October 2023, succeeding Jean-Baptiste Clavel. More recently, in April 2026, Tom DeKeyser, an industry veteran, was appointed as the new CEO to drive the next phase of global growth. Kebony has received numerous accolades, including being named a Technology Pioneer by the World Economic Forum and consistently listed as a Global Cleantech 100 company.

Source: Dealroom company data

At a glance

Status
Operational
Founded
1997
Headquarters
Oslo, Norway
Employees
110
Open positions
None listed
Dealroom signal
34.4/100
Industry
Real Estate
Sub-industry
Construction
Sector
Real Estate, Wood, Sustainable Development Goals, Urban Tech, Industrial Technology, Advanced Materials, Climate Tech, Nordic Rising Star 2022, Green Buildings, Circular Economy, Sustainable Building Construction, Hard Tech
Business model
Manufacturing

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBTDebt Oct 2022 $327K — Innovation Norway —
GRANTOther financing Feb 2022 $24K — Innovation Norway —
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

Kebony website traffic

Latest recorded traffic for Kebony is 40K monthly website visits, down 4.8% over the last three months. Kebony's team grew 0.9% over the past year.

Latest monthly visits40K 3-month web change-4.8% 1-year team growth+0.9%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Innovation Norway

Series A3 investors entered at this stage

  • Munich Venture Partners
  • ETF Partners
  • Investinor

Series B and later4 investors entered at this stage

  • Seventure Partners
  • PMV
  • Jolt Capital
  • Lightrock
Team profiled 11 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 6 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
9 countries with
team presence
🇧🇪 Belgium36%
🇳🇴 Norway17.3%
🇺🇸 United States17.3%
🇩🇪 Germany9.3%
🇫🇷 France6.7%
Top 5 of 9 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Kebony on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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