Evonik

Evonik Venture Capital is the corporate venture arm of Evonik Industries AG, one of the providers of specialty chemicals. Evonik Venture Capital invests in young companies with innovative technology and high growth potential with solutions to problems within the areas of focus of resource efficiency, specialty additives, health & care, nutrition.

Eric Breese

Investment Manager

JB

Jens Busse

Investment Director

EC

Erning Cao

Investment Director

EF

Eva Frerker

Manager, Investor Relations

IG

Ina Gaehrken

Manager, Investor Relations

DG

Daniel Györy

Manager, Investor Relations

JI

Jonas Ide

Investment Manager

JK

Janine Kanotowsky

Assistant, Investor Relations

KK

Kai Kirchhoff

Manager, Investor Relations

Christian Kullmann

CEO and Chairman

JK

Joachim Kunz

Manager, Investor Relations

TL

Tim Lange

Head of Investor Relations

Bernhard Mohr

MD

WN

Wolfgang Nestel

Investment Director

MR

Mark Redshaw

Investment Director

FS

Franziska Schlumprecht

Investment Manager

FS

Fabian Schwane

Manager, Investor Relations

Lutz Stoeber

Investment Director

Ute Wolf

CFO

47 past transactions

Synoste Oy

Venture Round in 2016
Synoste is a Finnish startup company that develops and will sell novel patient friendly medical solutions for treatment of skeletal deformities. The first target is a better device for the well known, but complication prone limb lengthening procedure, which is still extremely uncomfortable for the patient. Synoste utilizes smart materials and introduces a less painful and precisely controllable treatment device that lowers the complication rate and enables faster recovery to normal life.

Element Analytics, Inc.

Series B in 2020
Element Analytics creates industrial analytics software that empowers organizations to achieve new levels of operational performance. The Element Platform helps industrial organizations easily and rapidly use industrial time-series data for actionable insight. The platform readies time-series data, enriches it with analytically relevant context, and instills trust. It also blends time-series and other operational data with unprecedented high fidelity. With data ready, the platform enables machine-learning modeling to surface reliability, productivity, and sustainability insights for operations.

Air Products and Chemicals - Performance Materials Division

Acquisition in 2016
Specialty & Coating Additives business (Performance Materials Division) of the US company Air Products and Chemicals, Inc.

mySkin

Series A in 2018
mySkin, Inc. develops and manufactures skin care technology and devices. Its products include OKU, an anti-ageing device and app designed to help your skin and dermograph, a transdermal skin consultation system helps to understand the skin and helps in finding the products that work for skin. The company also provides skin care products online through its website. The company was founded in 2007 and is based in Jersey City, New Jersey.

Nanocomp Oy Ltd

Venture Round in 2015
Nanocomp is a privately-held high-technology company established in 1997 focused on manufacturing of micro- and nanophotonics products for consumer electronics, laser sensing and special lighting sectors. Nanocomp production is based on reel-to-reel process, which is the most efficient way for mass production.

In Ovo B.V.

Venture Round in 2021
In Ovo combines animal welfare and efficiency by offering biotechnological solutions to the poultry industry. We currently focus on a long existing problem in hatcheries: The culling of one day old male chickens. Our solution, a gender screening in the first half of the breeding process, has several advantages. It prevents a lot of stress the chickens experience during the current manual gender sorting process, it reduces the energy consumption and CO2 emission of the hatchery and prevents the need to kill one day old chickens. This way, we make hatcheries more animal friendly and sustainable, and increase the efficiency at the same time.

FRX Polymers, Inc.

Series C in 2014
FRX Polymers is an industrial company that manufactures Nofia polyphosphonates, a type of fire-resistant plastics. The company is in the growth phase of is commercializing a novel family of non-halogen, transparent, high melt flowing, fire-resistant plastics. It delivers high value-added solutions for fabric/textile, electrical, electronics, mass transit, and building and construction markets. FRX Polymers is headquartered in Chelmsford, MA.

Membrane Extraction Technology

Acquisition in 2010
Membrane Extraction Technology is a London-based chemical separations specialist supplying the pharmaceutical and fine chemicals industries.

UnionTech 3D

Series D in 2021
UnionTech 3D is active in the field of stereolithography 3D printing. This additive manufacturing technology makes it possible, to produce highly accurate and detailed polymer parts.
Algal Scientific has two distinct business units that serve the animal feed, human nutrition, and wastewater treatment industries. One unit is focused on the production of their ProGlucan beta-glucan products for animal feeds and human nutrition. The second unit is dedicated to the commercialization of their Hypertrophic wastewater treatment system, which they license to customers in the food and beverage industry. It was acquired by Kemin Industries in March 2017. It was founded in 2017 and is based in Plymouth, Michigan.

In Ovo B.V.

Series A in 2018
In Ovo combines animal welfare and efficiency by offering biotechnological solutions to the poultry industry. We currently focus on a long existing problem in hatcheries: The culling of one day old male chickens. Our solution, a gender screening in the first half of the breeding process, has several advantages. It prevents a lot of stress the chickens experience during the current manual gender sorting process, it reduces the energy consumption and CO2 emission of the hatchery and prevents the need to kill one day old chickens. This way, we make hatcheries more animal friendly and sustainable, and increase the efficiency at the same time.

Vivasure Medical

Series D in 2022
Vivasure Medical Limited, a medical device company, engages in the research, development, and manufacture of arterial and venous closure devices based on its patented PerQseal technology. The company develops polymer implants and delivery systems that primarily focused on minimally invasive vessel closures in cardiology, interventional radiology, and vascular surgery areas. Its lead product is an absorbable patch-based large-bore percutaneous closure device that is designed to enable closure of large arteriotomies in transcatheter procedures, such as those used for transcatheter aortic valve replacement (TAVR) and endovascular aneurysm repair (EVAR). Vivasure Medical Limited was incorporated in 2008 and is based in Galway, Ireland.

UnionTech 3D

Venture Round in 2020
UnionTech 3D is active in the field of stereolithography 3D printing. This additive manufacturing technology makes it possible, to produce highly accurate and detailed polymer parts.

H.C. Starck-catalyst business

Acquisition in 2010
H.C. Starck develops, produces, and markets metallic and ceramic powders, and fabricated products.

Castor

Seed Round in 2019
CASTOR’s proprietary technology helps manufacturers assess how to apply industrial 3D printing to their production processes. By providing a comprehensive technical and cost-savings assessment for a full bill of materials, designers, NPI managers and production engineers have the critical information they need to effectively and efficiently make machine parts.

In Ovo B.V.

Series B in 2022
In Ovo combines animal welfare and efficiency by offering biotechnological solutions to the poultry industry. We currently focus on a long existing problem in hatcheries: The culling of one day old male chickens. Our solution, a gender screening in the first half of the breeding process, has several advantages. It prevents a lot of stress the chickens experience during the current manual gender sorting process, it reduces the energy consumption and CO2 emission of the hatchery and prevents the need to kill one day old chickens. This way, we make hatcheries more animal friendly and sustainable, and increase the efficiency at the same time.

FRX Polymers, Inc.

Series C in 2014
FRX Polymers is an industrial company that manufactures Nofia polyphosphonates, a type of fire-resistant plastics. The company is in the growth phase of is commercializing a novel family of non-halogen, transparent, high melt flowing, fire-resistant plastics. It delivers high value-added solutions for fabric/textile, electrical, electronics, mass transit, and building and construction markets. FRX Polymers is headquartered in Chelmsford, MA.

HPNow ApS

Seed Round in 2020
HPNow is pioneering the market introduction of powerful, autonomous, safe and eco-friendly water and air treatment solutions, based on their technological breakthroughs in on-site generation of hydrogen peroxide. HPNow’s technology enables on-demand, highly-efficient production of hydrogen peroxide using only water, electricity and air. With their compact and autonomous on-site HPGenTM hydrogen-peroxide generators, they are set to displace presently used and increasingly regulated chlorine and other toxic-chemical disinfectants across multiple water and air treatment sectors. In doing so they will provide our users with cost savings, reduced logistical burdens, and increased yields, while enhancing water, air and food safety and reducing the environmental impact of today’s toxic disinfectant agents.

Castor

Seed Round in 2021
CASTOR’s proprietary technology helps manufacturers assess how to apply industrial 3D printing to their production processes. By providing a comprehensive technical and cost-savings assessment for a full bill of materials, designers, NPI managers and production engineers have the critical information they need to effectively and efficiently make machine parts.

HPNow ApS

Venture Round in 2017
HPNow is pioneering the market introduction of powerful, autonomous, safe and eco-friendly water and air treatment solutions, based on their technological breakthroughs in on-site generation of hydrogen peroxide. HPNow’s technology enables on-demand, highly-efficient production of hydrogen peroxide using only water, electricity and air. With their compact and autonomous on-site HPGenTM hydrogen-peroxide generators, they are set to displace presently used and increasingly regulated chlorine and other toxic-chemical disinfectants across multiple water and air treatment sectors. In doing so they will provide our users with cost savings, reduced logistical burdens, and increased yields, while enhancing water, air and food safety and reducing the environmental impact of today’s toxic disinfectant agents.

chembid

Venture Round in 2021
chembid is an internet and big data company based in Oldenburg, Germany. With its operation of the world's largest meta search engine for chemicals, chembid provides market intelligence, sourcing and marketing services for commercial buyers and suppliers of chemicals and plastics. It is chembid's goal to bundle and process the information on chemicals, plastics and their providers available on the web and to make this information easily accessible. The chembid platform, which was launched in October 2017, offers the possibility to find and compare hundreds of thousands of chemical offers from different marketplaces and online shops through a central search.

Vivasure Medical

Series C in 2016
Vivasure Medical Limited, a medical device company, engages in the research, development, and manufacture of arterial and venous closure devices based on its patented PerQseal technology. The company develops polymer implants and delivery systems that primarily focused on minimally invasive vessel closures in cardiology, interventional radiology, and vascular surgery areas. Its lead product is an absorbable patch-based large-bore percutaneous closure device that is designed to enable closure of large arteriotomies in transcatheter procedures, such as those used for transcatheter aortic valve replacement (TAVR) and endovascular aneurysm repair (EVAR). Vivasure Medical Limited was incorporated in 2008 and is based in Galway, Ireland.

Modern Meadow, LLC

Series C in 2019
Modern Meadow is developing fundamentally new approaches to growing animal products. This includes cultured leather and meat products which require no animal slaughter and much lower inputs of land, water, energy and chemicals.

NUMAFERM GmbH

Seed Round in 2017
NUMAFERM challenges this paradigm. We have developed a reliable, cost-efficient manufacturing process that enables the reduction of production costs dramatically (up to 1000x). How is it possible? Our process is based on a well-designed microorganism that converts simple nutrients to peptides. It is the first-in-place bioprocess that serves as a reliable platform for the production of peptides; independent of their sequence, length or functionality.

Alkion Biopharma

Acquisition in 2016
Alkion Biopharma SAS, a biopharmaceutical company, focuses on the identification, validation, manufacture, and commercialization of cancer treatments primarily for the management of multidrug resistant (MDR) cancers. The company uses its AlkaBurst technology for the production of plant active ingredients for various markets. It offers active pharmaceutical ingredients for the treatment of MDR cancers; and recombinant proteins. The company was founded in 2011 and is based in Evry, France. As of May 23, 2016, Alkion Biopharma SAS operates as a subsidiary of Evonik Industries AG.

Silbond Corp.

Acquisition in 2014
Silbond Corp. is a supplier of silicic acid esters. Silbond products are used for various applications, including semiconductors, coatings, investment casting, chemicals, and custom solutions. Silbond Corp. operates as a subsidiary of Evonik Industries.

Hanse Chemie Group

Acquisition in 2011
Hanse Chemie Group produces high-quality components and raw materials for the manufacture of products such as sealants, adhesives, and molding and casting compounds.

Transferra Nanosciences

Acquisition in 2016
Transferra Nanosciences provides Chemistry Manufacturing and Controls services to biotechnology and pharmaceutical companies. It specializes in both the development and manufacture of complex drug delivery systems using lipid nanoparticle science.

Porocel International

Acquisition in 2020
Porocel Corporation manufactures activated alumina, inert bed supports, and specialty adsorbents. It provides adsorption products, desiccants, Claus catalysts, bed supports, specialty products, and activated bauxite and activated carbon products. The company also offers catalyst regeneration, presulphurizing, and grading services. In addition, it provides a range of toll processing services, including calcination, drying, forming, impregnation, size reduction, and classification. The company was founded in 1937 and is based in Houston, Texas. Porocel has manufacturing sites and offices in North America, Europe, and Southeast Asia. It has catalyst service facilities in North America, Europe, and the Asia Pacific. As of November 3, 2020, Porocel Corporation operates as a subsidiary of Evonik Industries AG.

MedPalett

Acquisition in 2016
MedPalett specializes in food ingredients containing anthocyanins, known for their natural antioxidant properties. Medpalett operates as a subsidiary of Evonik Industries.
Algal Scientific has two distinct business units that serve the animal feed, human nutrition, and wastewater treatment industries. One unit is focused on the production of their ProGlucan beta-glucan products for animal feeds and human nutrition. The second unit is dedicated to the commercialization of their Hypertrophic wastewater treatment system, which they license to customers in the food and beverage industry. It was acquired by Kemin Industries in March 2017. It was founded in 2017 and is based in Plymouth, Michigan.

Wiivv Wearables Inc.

Series A in 2017
Wiivv Wearables Inc., a bionics company, creates 3D printed and custom gear using 3D-mapping technology accessible from a smartphone. The company offers insoles for running shoes, boots, casual shoes, dress shoes, flats, and narrow toed boots. It sells its products online. The company was founded in 2014 and is headquartered in Vancouver, Canada with a manufacturing research and development center in San Diego, California.

SurModics Pharmaceuticals

Acquisition in 2011
SurModics Pharmaceuticals designs and produces bio-resorbable polymers (marketed under the brand Lakeshore Biomaterials™) and possesses expertise and facilities to carry out all phases of pharmaceutical product development up to commercial manufacturing. The business focuses on the development of injectable drug delivery systems that systemically or locally release active pharmaceutical ingredients (API) within a period of up to several months. Formulation approaches include bio-resorbable microparticles, nanoparticles, liposomes, implants and other polymer-based configurations.

Velox

Series B in 2018
Velox develops and manufactures industrial-grade direct-to shape digital decoration solutions for the rigid container industry. Their proprietary DTS-Inkjet technology, based on uniquely formulated inks and dedicated deposition architecture, introduces an entirely new approach to digital printing that is poised to disrupt the packaging decoration market. Their debut product is the Velox IDS 250 – the first industrial-grade digital decorator for mass production of cylindrical containers available on the market. It delivers superior decoration quality and capabilities that outstrip analog printing solutions, while allowing a more efficient and flexible production process and a low total cost of ownership (TCO). Velox is powered by an expert team with uniquely extensive and wide-ranging experience in digital printing. It is led by veteran executives with proven success in driving company growth.

Medvance

Series A in 2019
Medvance is one of the pioneers in the development of 3D printed PEEK medical implants. Evonik has always been our trusted raw material partner. This investment will further promote The company's development has helped us bring innovative solutions to patients and doctors in China and then to the world."
Algal Scientific has two distinct business units that serve the animal feed, human nutrition, and wastewater treatment industries. One unit is focused on the production of their ProGlucan beta-glucan products for animal feeds and human nutrition. The second unit is dedicated to the commercialization of their Hypertrophic wastewater treatment system, which they license to customers in the food and beverage industry. It was acquired by Kemin Industries in March 2017. It was founded in 2017 and is based in Plymouth, Michigan.

Huber - silica

Acquisition in 2016
Huber - silica is focused primarily on dental and life science applications.

Evonik Dr. Straetmans GmbH

Acquisition in 2017
Evonik Dr. Straetmans GmbH provides functional raw materials for cosmetic producers. It offers multifunctional antimicrobials and preservatives, emulsifier and surfactants, oil components, antioxidants and chelating agents, active ingredients, and hair care ingredients. The company was founded in 1984 and is based in Hamburg, Germany. As of May 10, 2017, Evonik Dr. Straetmans GmbH operates as a subsidiary of Evonik Nutrition & Care GmbH.

JeNaCell

Series A in 2015
JeNaCell GmbH develops and manufactures biotechnology. It offers product solutions in the field of medicine, cosmetics, technology and pharmaceutics. The company was founded in 2012 and is based in Jena, Germany.

Organic Meadow Inc.

Private Equity Round in 2019
Organic Meadow Inc., an organic farmers’ co-operative company, produces and sells organic dairy products. It offers organic milk, cheese, butter, cream, eggs, yogurt, ice creams, Kéfir, cream cheese, sour cream, and organic cottage cheeses. The company also provides organic frozen vegetables, such as green peas, sweet yellow corn, cut green beans, mixed vegetables, and green peas and carrots. It sells its products through retail stores in Canada. The company was founded in 1989 and is based in Guelph, Canada. As of November 16, 2015, Organic Meadow Inc. operates as a subsidiary of Meadowfresh Dairy Corporation.

Porphyrio

Acquisition in 2018
Porphyrio NV provides poultry and egg production management systems for poultry farming. It offers Lay-Insight, a farm intelligence system for the day-to-day management of egg production; and Broiler-Insight, a farm intelligence system for the day-to-day management of broiler production. The company’s technology provides access control and video surveillance, as well as connects to external ERP systems in poultries. Its technology is available for breeders, broilers, laying hens, and turkeys and other poultry. Porphyrio NV is based in Leuven, Belgium. As of November 7, 2018, Porphyrio NV operates as a subsidiary of Evonik Industries AG.

Nanotech Industrial Solutions

Venture Round in 2017
NIS produces oil additives for engine oils, oil and water formulations for metalworking fluids, industrial oils and additive formulations for greases. NIS’ patented technology releases nanostructured materials under certain physical conditions. The unique morphology significantly improves friction and wear properties, resulting in a substantial contribution of the technology to resource efficiency of heavy machinery, power plants and industrial plants.

PeroxyChem

Acquisition in 2018
At PeroxyChem, we pride ourselves on exemplary customer service, product quality, reliability and consultation. Our scientists, engineers, technical experts and account managers are constantly seeking ways to bring greater value to our customer base. Our vision is to be the leading global supplier of oxidative solutions based on hydrogen peroxide, peracetic acid and persulfates, complemented by adjacent technologies to the electronics, energy, environmental, food safety, and other industrial markets.

Structured Polymers

Acquisition in 2019
Structured Polymers is the world’s first colored ink manufacturer for industrial 3D printers. Their proprietary method utilizes large-scale textile techniques to create new and traditional polymers with significantly improved properties at lower costs and in larger quantities. One of the earliest developers of 3D printing, the inventor of SLS, and the design lead of the first commercial SLS system are just a few of the brightest minds on their team. They bring extensive mechanical engineering, material development, and startup expertise. They’ve set out to bring the properties of aluminum for the price of plastic. Let’s build something together.

Wiivv Wearables Inc.

Seed Round in 2015
Wiivv Wearables Inc., a bionics company, creates 3D printed and custom gear using 3D-mapping technology accessible from a smartphone. The company offers insoles for running shoes, boots, casual shoes, dress shoes, flats, and narrow toed boots. It sells its products online. The company was founded in 2014 and is headquartered in Vancouver, Canada with a manufacturing research and development center in San Diego, California.

Monarch catalyst Pvt. Ltd.

Acquisition in 2015
Monarch Catalyst Pvt. Ltd. (MCPL) is an established manufacturer of Nickel Catalyst for oils & oleo chemicals in India since 1973. It was the brain-child of two technocrats, who converted their dream into reality. The operations are based in Dombivli, near Mumbai, India. In a short period of time, MCPL has been instrumental in bringing together a large number of intellectual minds with international exposure and creating an innovative atmosphere in the area of catalysts.

Biosynthetic Technologies, LLC

Venture Round in 2014
Biosynthetic Technologies manufactures bio-based synthetic molecules that are made from organic fatty acids found in plant oils. These highly-functional biosynthetic oils have numerous uses in the lubricant, chemical, and cosmetics industries, often outperforming their petroleum counterparts in similar applications. In addition to their high-performance properties, these renewable oils are biodegradable and nontoxic. Finally, BT holds a broad portfolio of issued and pending patents protecting these novel biosynthetic oils. It was founded in 2006 and headquartered in Irvine, California.