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Start-ups
Evonik invests in New Jersey venture capital firm
by Melody M. Bomgardner
August 3, 2019
| A version of this story appeared in
Volume 97, Issue 31
Germany’s Evonik Industries is putting less than $10 million in an investment fund from Tech Council Ventures, a backer of start-ups in the US mid-Atlantic region. Like Evonik’s US headquarters, Tech Council Ventures is based in New Jersey. The money will go to young firms advancing technologies that Evonik sees as key to its growth in areas such as materials, life sciences, and health care. Evonik started its own venture capital unit in 2012. Its newest fund, worth $170 million, is directed at digital technologies.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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