Evonik invests in Emerald Cleantech Fund III
Evonik Industries strengthens its Corporate Venturing activities with an investment in the Cleantech Fund III of Emerald Technology Ventures Emerald invests in early and expansion stage companies in the energy, water, and materials sectors with particular focus on Europe and North America. Through the investment in Emerald, Evonik gains access to innovative start-up companies with disruptive technologies in new materials and specialty chemicals including energy technologies and resource efficiency. Evonik Corporate Venturing plans to invest up to € 100 millions in promising start-up companies with break-through technologies and leading specialized venture capital funds.
Investments in specialized Venture Capital Funds in addition to direct investments are an important part of the strategy of Evonik to cover the most important technologies and regions worldwide. In 2012 Evonik invested in the High-Tech Gründerfonds II, Germany’s leading cross industry seed-stage investor and the North-American Pangaea Ventures Fund III, which is focused on new materials and specialty chemicals.
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