Board & Management


Chair Thomas Høegh

is the Founder and Managing Partner of Arts Alliance and partner of Höegh Capital Partners. Thomas holds a master's degree in business administration from Harvard Business School and a bachelor's degree in fine arts from Northwestern University. Currently, Thomas Høegh is active on the boards of the following companies: Rift Valley Corporation as Chairman, Growth Street, Met Film School and Arts Alliance Media. He is also a visiting professor at Kanazawa Institute of Technology.


Martin Kröner

is a managing partner of Munich Venture Partners. Prior to joining the MVP team, Martin was co-founder and CEO of Agnion Energy Inc. and worked at Linde Engineering as member of the R&D team developing green hydrogen production. Prior to Linde, Martin built up Thermotec Engineering Services, a spin-off of the Technical University of Munich. Martin holds an M.S. in mechanical engineering and a Ph.D. in combustion engineering from the Technical University in Munich. During his industrial career, he made several inventions reflected in 10 international patent applications.


Henrik Olsén

is a founding partner of the Environmental Technologies Fund (ETF), a London-based venture capital fund. Prior to establishing ETF in 2005, Henrik was a Managing Director of GE Equity, GE’s private equity business. During his 13 years with GE he was involved with transactions in a wide variety of industries and markets across Europe. Henrik has an MBA from the Stockholm School of Economics, which included a scholarship exchange with the New York University Stern School of Business. He is also a member of the European Advisory Board of the Cleantech Venture Network.


Lindsay Poston

has a bachelor's degree in Mechanical Engineering from Loughborough University and an MBA from Harvard Business School. After 12 years as a partner at McKinsey & Company, he went on to hold senior positions in the building products sector of Meyer International Plc/Saint-Gobain, where he was CEO of Timber Products, MD of Jewson and COO of Meyer/Saint-Gobain UK. In addition he served as a Board of Director for the HSS Hire Service Group, a private-equity backed business. He is also a non-executive director of The Brett Group, a privately held construction and building materials group in the UK.


Iain Wilcock 

Prior to joining Seventure in 2008, Iain established and managed the healthcare investment business of Quester Capital for more than 10 years. In 2007, Iain founded Vela Venture Partners to advise early-stage investors in the UK. He is an experienced non-executive director, having served on the boards of biotechnology and med-tech companies, including Vivacta, Oxford Immunotec, Sterix, BiancaMed, Avidex, Lorantis, Oxxon Therapeutics and Xention. Iain holds a master's degree in Biochemistry from the University of Oxford, and a finance qualification from London Business School.


Stig Andersen

joined Investinor as Investment Director in early 2014. He previously worked as Nordic Head of Corporate Research at Nordea and held various positions in this bank for more than 19 years, e.g. Director Corporate Finance, Senior Analyst and Equity Analyst. Stig has also played a key role in Nordea’s coverage of the global forest industry. Stig Andersen holds a Ph.D in Forestry Economics from the Norwegian University of Life Sciences and MBA studies at University of Colorado.


Goedele Ertveldt 

is an Investment Manager at SFPI-FPIM. Prior to this, Goedele had worked at Belfius Bank for 26 years in a variety of disciplines. From 1999-2002, she was employed as a financial analyst for Artesia Securities, covering the healthcare & biotechnology sector.  Goedele then moved to the Specialised Finance Department of Dexia Bank Belgium.  In November 2013, Goedele was appointed Head of Private Equity at Belfius Bank and in October 2017, she joined the Federal Holding and Investment Company as Investment Manager with a focus on Life Sciences. Currently, Goedele holds positions on the boards of different venture capital funds. Goedele earned a bachelor’s degree in Applied Economics at the Catholic University of Louvain (Belgium) and holds a Master’s degree in Finance and Business Administration from the University of Chicago, Illinois (USA).


Roald Borré

Since 2011, Roald Borré has worked at ParticipatieMaatschappij Vlaanderen NV (PMV) where he has served as Head of Equity Investments and Manager of PMV-TINA, following a period of five years as an Entrepreneur. Roald started his professional career as a Financial Analyst at the Financieel Economische Tijd, and in 1999 he joined Puilaecto Private Bankers as Senior Fund Manager where he was responsible for managing various investment funds in different fields of innovation, a position he held until 2006. He is a Non-Executive Director of Biocartis Group NV and serves as a Board Member in different portfolio companies as well as a Member of several advisory boards. Mr. Borré graduated as a Master in Economic and Financial Sciences (HUB, Brussels, 1996).



Bruno Van den Branden, CEO

joined Kebony in 2016 as General Manager Kebony Belgium to start up the factory in Antwerp and was recently appointed (interim) CEO of Kebony. Prior to Kebony he held various roles within different industries. He started his career at Procter & Gamble in R&D and worked for 20 years in the food and pharmaceutical industry (Tetra Pak, Perfetti Van Melle, Sara Lee). Recent positions include CEO Laboratory Smeets, COO Frisk International, and Plant manager at Sara Lee. Bruno holds a Master of industrial science in chemical engineering from the University of Leuven and a master’s degree from the Vlerick business school.


Bregt Ysebaert, CFO

joined Kebony in 2018 as (interim) CFO. Since 2011 he has been acting CFO for Cantillana, a building materials company producing mortars, renders and insulation systems. Between 2003 and 2011 he held various positions as investment professional at Verlinvest, KBC Private Equity and GE Real Estate where he focused on buy-out and growth capital transactions across different industries. He started his career in the Financial Management Program at GE Capital. Bregt holds an MSc in Economics from Ghent University, an MSc in Finance from HEC Lausanne and is a CFA Charterholder.


Per Brynildsen, CTO

joined Kebony as Head of Research & Development in 2005. Prior to this, he worked for Yara International ASA and Norsk Hydro ASA . Recent positions include research manager at Yara's technology center in the Netherlands, principal scientist at Yara's technology center in Norway and project manager for product development initiatives in Hydro Agri Europe. Brynildsen holds an M.S. Degree in chemistry from the University of Oslo.


Adrian Pye, International Sales Director

joined Kebony in 2009 as International Sales Director. Prior to that, Adrian served as Managing Director at Shrubland Sawmill and Senior Land Agent at Strutt & Parker. He holds a B.S. in Land Management from the Royal Agricultural University and is a professional member at Royal Institution of Chartered Surveyors.


Main Owners

Arts Alliance Ventures

Arts Alliance Ventures is a venture capital organization managed by Thomas Høegh that supports high growth technology-enabled companies in Europe. Thomas Høegh is the chairman of Kebony AS. 


Höegh Capital Partners

Höegh Capital Partners is an investment group with interests associated with the Høegh Family and its professional partners.


Environmental Technologies Fund

Environmental Technologies Fund L.P. is a £110m venture and growth capital investment fund with a highly-focused mission: ”To support and finance fantastic growth companies whose products and services deliver a significant environmental and economic benefit”. ETF provides entrepreneurs with a top-quality venture capital group in Europe dedicated solely to Cleantech. The team is backed by leading institutional investors and has a great deal of experience - gathered over decades - of working in Venture Capital and with environmental companies. ETF is supported by the European Communities Growth and Employment Initiative.


Seventure Partners

As one of the leading venture capital firms in Europe, Seventure manages €500m and has being investing since 1997 in innovative businesses with high growth potential in Information and Communication Technologies and in Life Sciences. The Life Sciences team invests all over Europe. Its four preferred sectors are Biotech & Pharmaceuticals, Medtech, Industrial Biotech & Cleantech, and Lifestyle Healthcare & nutrition. A typical investment ranges from €500k to €10m per round, up to €20m per company, from early to later stage. Seventure is a subsidiary of Natixis Private Equity, the asset management company of Natixis, with over €4.2b in private equity investments.


Munich Venture Partners

Munich Venture Partners is a Venture Capital firm. The company is managed by senior managers from the high technology and energy industry, and experienced Venture Capital professionals. As the prime partner of the Fraunhofer-Gesellschaft, one of the world’s leading research organizations for applied research, Munich Venture Partners is investing into selected high-tech startups in the environmental technology and energy sector.



Investinor is an evergreen investment company funded by the Norwegian government, managing NOK 4.2 billion (€ 500m). Investment terms and conditions are similar to private investors, with a clear exit strategy for all investments. Investinor invest in promising unlisted (private) companies aiming for international growth and expansion. Investinor takes minority stakes (less than 50%) in the portfolio companies, and focus on sectors with high potential in Norway, and in which our team has deep knowledge and extensive operational experience e.g. ICT, Oil and Gas, Biotech, Aquaculture and Forestry.



PMV NV is a Flemish investment company, financing promising entrepreneurs from conception through to the internationalization of their business, investing in large infrastructure projects. PMV has a particular focus on the sustainable economic development of Flanders, with demonstrable added value for both economy and society. Flemish government and PMV have set up a unique investment fund called TINA, which is a market-driven investment fund managed by PMV, activating 200 million euros in risk capital. This funding reinforces innovation, unlocks its strategic potential and accelerates commercialization.



The Federal Holding and Investment company was established in November 2006 and is owned by the Belgian state. SFPI-FPIM has 3 missions: stimulating public initiatives in the interest of the Belgian economy, supporting private companies in their development and growth process and, on specific request, managing strategic assets for the account of the Belgian government (delegated assignments). Primary focus lies on home based aviation, airports, networks (supply & infrastructure), real estate and innovation. Some of the company’s most important shareholdings are Belfius, BNP Paribas, Bpost, Brussels Airport Company, Euronext and Fluxys.