Henkel has disclosed its has invested $10.4m into two venture capital funds in addition to making direct investments in two technology producers.

Germany-based chemicals and consumer goods producer Henkel confirmed on Wednesday that it as invested more than $10m into funds being raised by venture capital firms Emerald Technology Ventures and Pangaea Ventures.

Henkel’s Adhesive Technologies unit has provided $5m for Canada-based Pangaea’s Fund IV, after committing €5m ($5.4m) to Switzerland-based Emerald’s Industrial Innovation Fund (EIIF).

Pangaea has raised about half of the $80m target it set for Fund IV, disclosing the participation of Henkel and fellow corporates CoorsTek, JSR, Mitsubishi Chemical, Sekisui…