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Investment
Evonik buys into 2 Chinese venture funds
by Alex Scott
August 30, 2021
| A version of this story appeared in
Volume 99, Issue 31
Evonik Industries’ venture capital arm has made investments in the Chinese venture capital funds GRC SinoGreen Fund V and Richland VC Fund III. Both focus on companies developing advanced materials, high-end manufacturing equipment, digital transformation tools, and green technologies. Evonik says the investments in China will provide access to attractive technologies and business opportunities. The German company isn’t disclosing the size of its investment.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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