Evonik is extending its corporate venture capital activities in the US with an investment into Tech Council Ventures II. Evonik is investing a single-digit million US-dollar amount. Tech Council Ventures is a US-focused early-stage investor. It finances young, innovative start-up companies and actively supports them with their extended network in the Mid-Atlantic region on the east coast of the US.
“Fund investments are an important part of Evonik’s venture capital activities,” said Bernhard Mohr, head of Evonik Venture Capital. “The partnership with Tech Council Ventures enables us to get in touch with a broad range of innovative start-ups that are located near our North American headquarters and will provide us with an excellent overview of new technologies in that region.”
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