Evonik is investing in the Chinese “Hosen Capital Fund III”. The Chinese private equity fund invests in leading businesses and technology companies with a focus on the agriculture and nutrition sector. The amount of the investment sum is confidential.
The company hopes to get access to partnerships with innovative technology start-ups in the Chinese agriculture and nutrition industry by expanding their engagement in one of the world’s most important venture capital markets. This should result in impulses for further business development of Evonik’s products and services in the area of animal nutrition.
Evonik plans to invest a total of €100 million in promising start-ups with innovative technologies and in leading specialized venture capital funds as part of its venture capital activities. Regional focuses are Europe, the United States, and Asia. Currently, Evonik holds stakes in ten start-ups and five funds.
- Evonik Industries AG, Essen, Germany