Evonik expands its green venture capital activities into Asia

Marco Reus. Evonik is popular as main sponsor of German Football team Borussia Dortmund
Marco Reus. Evonik is popular as main sponsor of German Football team Borussia Dortmund

Evonik expands its green venture capital activities into Asia. The German company announced last Thursday an investment in the Chinese venture capital fund GRC SinoGreen Fund III (GRC III). The parties agreed to not disclose the amount of the investment. As a result, the company is now represented in the most important venture capital regions of North America, Europe, and Asia. GRC invests in private, green technology companies with unique strengths and substantial growth potential in Greater China. Target sectors include energy and resource efficiency, cleaner transportation, sustainability, and climate change mitigation and adaptation.

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