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Evonik joins High-Tech fund

Mar 20, 2012 • James Mawson

Germany-based chemicals company Evonik Industries has invested €2.5m ($3m) in local seed investor High-Tech Gründerfonds’ (HTGF) second fund.

HTGF now has 13 corporate venturing units as limited partners in its funds, having closed its second fund at €291m last year.

Besides Evonik, the other corporate investors are: Altana, BASF, B. Braun, Robert Bosch, CEWE Color, Daimler, Deutsche Post DHL, Deutsche Telekom, Qiagen, RWE Innogy, Tengelmann and Carl Zeiss.

Alexander von Frankenberg, managing director of HTGF, said: "There is more to…

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