IHS Chemical Week

People & Business :: Earnings/Finance

Evonik Invests in Pangaea Ventures Fund

7:47 AM MDT | July 26, 2012 | Deepti Ramesh

Evonik says that it will invest in the Pangaea Ventures Fund III (Vancouver-BC), which invests in startup technology companies with a specific focus on advanced materials and specialty chemicals including energy generation and storage, resource efficiency, and nanotechnology. Evonik Corporate Venturing plans to invest up to €100 million ($121 million) in promising startup companies with break-through technologies and leading specialized venture capital funds. “With our investment in Pangaea Ventures Fund III, we have a strong partner in one...

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