Evonik Doubles Venture Capital for Disruptive Technologies

Germany: Fund of $ 170 Million Evonik Doubles Venture Capital for Disruptive Technologies

17.02.2019Editor: Alexander Stark

Evonik has launched its second venture capital fund with a volume of $ 170 million, more than doubling the amount under management to $ 282 million. The new fund is intended to help secure access to disruptive technologies and innovative business models as well as supporting the company’s digital transformation and enabling early identification of potential technology acquisition targets.

Related Companies

Evonik Industries AG

Pörner Ingenieurgesellschaft mbH

Maag Pump Systems AG

GIG Karasek GmbH

Evonik has launched its second venture capital fund.
(Source: Karsten Bootmann/Evonik)

Essen/Germany — Investments in and partnerships with start-up companies generate strategic value and growth opportunities, argues Dr. Harald Schwager, deputy chairman of the executive board, who is responsible for innovation.

As well as providing capital, the company offers start-ups access to the resources of one of the world’s leading specialty chemicals companies. Since its inception in 2012, the speciality chemicals producer has realized 25 investments. The venture capital unit has a global reach with offices in Germany, USA and China. The investment focus is on business and innovation fields such as Health & Care, Animal Nutrition, Smart Materials and Specialty Additives, which the company has already identified as growth drivers.

The 3D printing market is booming with double-digit growth rates. Within this market, Evonik is the world’s leading manufacturer of polyamide (PA) 12 powders.

The portfolio, which is made up of both direct and fund investments, includes companies such as Israeli digital-printing specialist Velox and the biotechnology start-up Numaferm, based in Dusseldorf. The portfolio company Structured Polymers, a US-based business active in 3D printing technology, was acquired by the manufacturer in early 2019.

Unfold for details of your consent

Stand vom 23.03.2021

Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.

Consent to the use of data for promotional purposes

I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here

Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.

In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.

Right of revocation

I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.

(ID:45752505)

Germany: Fund of $ 170 Million Evonik Doubles Venture Capital for Disruptive Technologies

Subscribe to the newsletter now

Don't Miss out on Our Best Content

Consent to the use of data for promotional purposes