Evonik Industries Invests €2.5M in High-Tech Gründerfonds II

Evonik Industries, a German specialty chemicals company, has invested €2.5m in public/private High-Tech Gründerfonds II.

High-Tech Gründerfonds II, which began in October 2011 with a volume of €288.5m in the first closing, provides seed financing of up to €500k of venture capital to innovative technology companies and reserve another €1.5m per company for follow-up rounds.
Led by Managing Director Dr. Michael Brandkamp, High-Tech Gründerfonds invests in start-ups to enable them to take an idea through prototyping and to market launch.

Evonik, which is active in over 100 countries around the world with 33,000 employees, is the third company from the chemicals sector to invest in High-Tech Gründerfonds II, following ALTANA and BASF.
Other investors include the Federal Ministry of Economics and Technology, the KfW Banking Group, as well as thirteen industrial groups of B. Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Qiagen, RWE Innogy, Tengelmann and Carl Zeiss.



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