Evonik

Evonik Industries AG is a leading manufacturer of specialty chemicals based in Germany, focusing on diverse applications in industries such as nutrition, healthcare, and resource efficiency. The company develops and markets a wide range of chemical products, including smart materials, high-performance polymers, silica, and additives. Evonik is particularly recognized for its innovation and integrated technology platforms, which address key global trends such as health, sustainability, and globalization. The company operates in over 100 countries and has established a strong position in the market, with a significant portion of its sales deriving from activities where it is a market leader. Evonik also has a dedicated investment arm, Evonik Venture Capital GmbH, which targets early-stage companies and startups with high growth potential in areas aligned with its core business, such as cleantech and biotechnology. Founded in 2012, this venture arm invests in innovative technologies and disruptive business models, supporting the company's strategic focus on advancing resource efficiency and health solutions.

Eric Breese

Investment Manager

Eva Frerker

Manager, Investor Relations

Ina Gaehrken

Manager, Investor Relations

Daniel Györy

Manager, Investor Relations

Janine Kanotowsky

Assistant, Investor Relations

Christian Kullmann

Chief Executive Officer and Chairman

Joachim Kunz

Manager, Investor Relations

Tim Lange

Head of Investor Relations

Wolfgang Nestel

Investment Director

Mark Redshaw

Investment Director

Fabian Schwane

Manager, Investor Relations

48 past transactions

Vivasure Medical

Series D in 2022
Vivasure Medical Limited is a medical device company based in Galway, Ireland, focused on the research, development, and manufacturing of arterial and venous closure devices utilizing its proprietary PerQseal technology. The company specializes in creating polymer implants and delivery systems aimed at facilitating minimally invasive vessel closures in cardiology, interventional radiology, and vascular surgery. Its flagship product is an absorbable patch-based large-bore percutaneous closure device, specifically designed to close large arteriotomies during transcatheter procedures like transcatheter aortic valve replacement and endovascular aneurysm repair. Established in 2008, Vivasure Medical aims to enhance patient outcomes in vascular access procedures through innovative medical solutions.

In Ovo

Series B in 2022
In Ovo B.V., founded in 2011 and based in Leiden, the Netherlands, develops innovative technology solutions for the poultry industry, focusing on animal welfare and operational efficiency. The company addresses a significant issue in hatcheries: the culling of one-day-old male chickens. In Ovo has created a gender screening test that enables the determination of a chick's gender during the early stages of the breeding process. This approach reduces the stress associated with manual sorting, lowers energy consumption and CO2 emissions in hatcheries, and eliminates the need to cull male chicks. By enhancing the sustainability and efficiency of hatcheries, In Ovo contributes to a more humane treatment of animals in the poultry industry.

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.

Castor Technologies

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.

In Ovo

Series A in 2021
In Ovo B.V., founded in 2011 and based in Leiden, the Netherlands, develops innovative technology solutions for the poultry industry, focusing on animal welfare and operational efficiency. The company addresses a significant issue in hatcheries: the culling of one-day-old male chickens. In Ovo has created a gender screening test that enables the determination of a chick's gender during the early stages of the breeding process. This approach reduces the stress associated with manual sorting, lowers energy consumption and CO2 emissions in hatcheries, and eliminates the need to cull male chicks. By enhancing the sustainability and efficiency of hatcheries, In Ovo contributes to a more humane treatment of animals in the poultry industry.

In Ovo

Venture Round in 2021
In Ovo B.V., founded in 2011 and based in Leiden, the Netherlands, develops innovative technology solutions for the poultry industry, focusing on animal welfare and operational efficiency. The company addresses a significant issue in hatcheries: the culling of one-day-old male chickens. In Ovo has created a gender screening test that enables the determination of a chick's gender during the early stages of the breeding process. This approach reduces the stress associated with manual sorting, lowers energy consumption and CO2 emissions in hatcheries, and eliminates the need to cull male chicks. By enhancing the sustainability and efficiency of hatcheries, In Ovo contributes to a more humane treatment of animals in the poultry industry.

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.

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.

HPNow

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.

Porocel Corporation

Acquisition in 2020
Porocel Corporation, founded in 1937 and headquartered in Houston, Texas, specializes in the manufacture of activated alumina, inert bed supports, and specialty adsorbents. The company offers a diverse range of products, including adsorption products, desiccants, Claus catalysts, and activated bauxite and carbon products. In addition to its manufacturing capabilities, Porocel provides various services such as catalyst regeneration, presulphurizing, grading, and a suite of toll processing services like calcination, drying, forming, and size reduction. With manufacturing sites and offices in North America, Europe, and Southeast Asia, Porocel also operates catalyst service facilities in these regions. As of November 2020, Porocel Corporation is a subsidiary of Evonik Industries AG.

Element Analytics

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.

Castor Technologies

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.

Modern Meadow

Series C in 2019
Modern Meadow, LLC is a biofabrication company established in 2011 and headquartered in Brooklyn, New York. The company specializes in producing animal-free leather and other cultured products, such as meat alternatives, through innovative methods that eliminate the need for animal slaughter. By utilizing living cells and fermentation-based processes, Modern Meadow develops lightweight materials that provide superior color, performance, and durability, while also promoting lab-to-brand traceability. Their approach significantly reduces the inputs of land, water, energy, and chemicals, contributing to lower greenhouse gas emissions. This focus on sustainability enables customers to maintain the quality and appearance of materials without relying on petrochemical inputs or animal-derived substances.

Organic Meadow

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.

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."

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.

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.

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.

Porphyrio

Acquisition in 2018
Porphyrio NV, based in Leuven, Belgium, specializes in providing advanced management systems for poultry and egg production. The company offers two primary products: Lay-Insight, which assists in managing egg production, and Broiler-Insight, designed for broiler management. These systems leverage intelligent data management and statistical algorithms to transform sensor data into actionable insights, enabling poultry farm managers to optimize operations and make informed decisions. Porphyrio's technology also integrates features such as access control and video surveillance, and it connects with external ERP systems. Serving a diverse range of poultry types—including breeders, broilers, laying hens, and turkeys—Porphyrio's solutions facilitate real-time data analysis and predictive modeling, enhancing operational efficiency and strategic planning in livestock production. As of November 2018, Porphyrio operates as a subsidiary of Evonik Industries AG.

In Ovo

Series A in 2018
In Ovo B.V., founded in 2011 and based in Leiden, the Netherlands, develops innovative technology solutions for the poultry industry, focusing on animal welfare and operational efficiency. The company addresses a significant issue in hatcheries: the culling of one-day-old male chickens. In Ovo has created a gender screening test that enables the determination of a chick's gender during the early stages of the breeding process. This approach reduces the stress associated with manual sorting, lowers energy consumption and CO2 emissions in hatcheries, and eliminates the need to cull male chicks. By enhancing the sustainability and efficiency of hatcheries, In Ovo contributes to a more humane treatment of animals in the poultry industry.

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.

HPNow

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.

Numaferm

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.

Dr. Straetmans

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.

Wiivv

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.

Nanotech Industrial Solutions

Venture Round in 2017
Nanotech Industrial Solutions specializes in the production of advanced oil additives and formulations for various applications, including engine oils, metalworking fluids, and greases. The company employs patented technology to create spherical nanoparticles that enhance the performance of industrial lubricants. These nanostructured materials significantly improve friction and wear properties, which contributes to greater resource efficiency in heavy machinery and industrial operations. By enhancing the extreme pressure capacity of lubricants, Nanotech Industrial Solutions enables automotive and industrial businesses to reduce downtime and optimize their operational efficiency.

Huber - silica

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

Algal Scientific

Convertible Note in 2016
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.

Vivasure Medical

Series C in 2016
Vivasure Medical Limited is a medical device company based in Galway, Ireland, focused on the research, development, and manufacturing of arterial and venous closure devices utilizing its proprietary PerQseal technology. The company specializes in creating polymer implants and delivery systems aimed at facilitating minimally invasive vessel closures in cardiology, interventional radiology, and vascular surgery. Its flagship product is an absorbable patch-based large-bore percutaneous closure device, specifically designed to close large arteriotomies during transcatheter procedures like transcatheter aortic valve replacement and endovascular aneurysm repair. Established in 2008, Vivasure Medical aims to enhance patient outcomes in vascular access procedures through innovative medical solutions.

Transferra Nanosciences

Acquisition in 2016
Transferra Nanosciences Inc. is a contract development and manufacturing organization based in Burnaby, Canada, specializing in the development and production of complex drug delivery systems utilizing lipid nanoparticle science. The company offers a range of services to biotechnology and pharmaceutical firms, including chemistry manufacturing and controls, prototype identification, scale-up and process development, and GMP batch manufacturing for IND toxicology studies and human clinical trials. Transferra's expertise encompasses the creation of various lipid nanoparticle-based drug formulations, such as liposomes and micelles, as well as the manufacturing of drug-carrier nanoparticle complexes. Their full-service GMP manufacturing includes raw material acquisition, identity testing, master batch record drafting, compounding, filling, inspection, labeling, release testing, and shipping to clinical distribution sites. Additionally, Transferra provides analytical technology transfer, assay development, method qualification, and cGMP release testing for a variety of product types, including small molecules, peptides, proteins, and oligonucleotides. The company serves clients both in North America and internationally.

Alkion Biopharma

Acquisition in 2016
Alkion Biopharma SAS is a biopharmaceutical company based in Evry, France, established in 2011. The company specializes in the identification, validation, manufacture, and commercialization of cancer treatments, particularly for multidrug resistant (MDR) cancers. Utilizing its proprietary AlkaBurst technology, Alkion Biopharma produces plant active ingredients and offers active pharmaceutical ingredients specifically designed for the treatment of MDR cancers. Additionally, the company is involved in the production of recombinant proteins. As of May 2016, Alkion Biopharma operates as a subsidiary of Evonik Industries AG. The company also focuses on high-quality cosmetic plant actives, including hyperactive extracts.

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.

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.

Synoste Oy

Venture Round in 2016
Synoste Oy, founded in 2007 and based in Espoo, Finland, is focused on developing innovative medical solutions for the treatment of skeletal deformities. The company's primary objective is to enhance patient comfort during bone-lengthening and bone-deformation correction procedures. By leveraging smart materials, Synoste aims to improve the traditional limb lengthening process, which is often associated with complications and discomfort. Their technology platform addresses various conditions, including congenital and trauma-related limb discrepancies, adult and pediatric deformities, and craniomaxillofacial deformations. As a subsidiary of Globus Medical, Inc., Synoste is committed to providing safer, more effective treatments that facilitate quicker recovery and restore patients' quality of life.

Wiivv

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.

JeNaCell

Series A in 2015
JeNaCell GmbH, founded in 2012 and based in Jena, Germany, specializes in biotechnology by developing and manufacturing bio-technologically derived cellulose. The company has patented a unique technology for the continuous production of high-performance biomaterials featuring natural nanostructures. These materials have a defined shape and controllable structural design, allowing clients to create innovative products across various sectors, including medicine, cosmetics, technology, and pharmaceuticals. JeNaCell's solutions are particularly beneficial in medical applications, helping to protect skin from chronic wounds and enhancing treatments in aesthetic dermatology.

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.

Algal Scientific

Series B in 2015
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.

Nanocomp

Venture Round in 2015
Nanocomp Oy Ltd. is a high-technology company established in 1997 and based in Kontiolahti, Finland, with additional offices in the United States, Japan, and Hong Kong. The company specializes in the design and manufacture of micro- and nanophotonics solutions for various applications, including consumer electronics, laser sensing, and special lighting. Its products encompass display lighting for handheld devices, flexible lightguides, augmented reality glasses, and thin foil lenses. Nanocomp also develops integrated security solutions, machine vision systems, and customizable signals for automotive applications. The company's production employs a reel-to-reel process, which is recognized as an efficient method for mass manufacturing.

Biosynthetic Technologies

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.

FRX Innovations

Series C in 2014
FRX Innovations Inc. is a manufacturer of environmentally sustainable flame retardant solutions, specializing in polyphosphonates under the brand name Nofia. The company produces a range of non-halogen, transparent, high melt flowing fire-resistant plastics that cater to various industries, including electronics, automotive, electric vehicles, medical devices, textiles, building and construction, and mass transit. FRX Innovations employs sustainable green chemistry principles in its production processes, utilizing solvent-free methods and generating no waste byproducts. Headquartered in Chelmsford, Massachusetts, with a manufacturing facility located in Antwerp, Belgium, the company distributes its products internationally through a network of distributors. Established in 2006, FRX Innovations operates as a subsidiary of Triton Systems, Inc.

Algal Scientific

Series A in 2014
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.

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.

FRX Innovations

Series C in 2014
FRX Innovations Inc. is a manufacturer of environmentally sustainable flame retardant solutions, specializing in polyphosphonates under the brand name Nofia. The company produces a range of non-halogen, transparent, high melt flowing fire-resistant plastics that cater to various industries, including electronics, automotive, electric vehicles, medical devices, textiles, building and construction, and mass transit. FRX Innovations employs sustainable green chemistry principles in its production processes, utilizing solvent-free methods and generating no waste byproducts. Headquartered in Chelmsford, Massachusetts, with a manufacturing facility located in Antwerp, Belgium, the company distributes its products internationally through a network of distributors. Established in 2006, FRX Innovations operates as a subsidiary of Triton Systems, Inc.

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.

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.

H.C. Starck-catalyst business

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

Membrane Extraction Technology

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