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Henkel Announces Unit for Management of Corporate Venture Capital Activities

Published on 2017-03-28. Author : SpecialChem

Henkel has made further progress in expanding its corporate venture capital activities. With investments of more than 25 million euros in a number of start-ups and venture capital funds, Henkel will now manage its venture capital activities in a dedicated unit: Henkel Ventures.

Henkel Announces Unit for Management of Corporate Venture Capital Activities
Henkel Announces Unit for Management of Corporate
Venture Capital Activities

Digital & Technological Expertise

Led by an experienced management team, Henkel Ventures will focus on investing a total amount of up to 150 million euros in start-ups with specific digital or technological expertise.

Member of Henkel Ventures’ core team, Dr. Robert Günther said:

“With Henkel Ventures, we are combining our corporate venture capital activities across our three business units – Adhesive Technologies, Beauty Care and Laundry & Home Care. We are partnering with start-ups, helping them to successfully develop their innovative ideas and technologies. We offer a deep understanding of customers and consumers worldwide, a portfolio of leading brands as well as strong expertise in bringing innovations and new technologies to markets.”

The team will actively evaluate and manage equity investments and joint development projects with start-up companies in order to explore new technologies, applications and business models in areas of strategic interest to Henkel. Start-up businesses will benefit from the collaboration with Henkel Ventures through access to Henkel’s global footprint and long-term experience.

Focus on Start-ups with Digital or Technological Expertise

In November 2016, at the presentation of its strategic priorities “Henkel 2020+”, Henkel announced to step up its corporate venture capital activities with early-stage investments in start-up companies with digital or technological expertise.

In its consumer businesses Beauty Care and Laundry & Home Care, the focus will be primarily on digital – from “internet of things” to social media, e-commerce as well as personalized products and services. For Henkel’s Adhesive Technologies business, technology innovations such as 3D printing, functional coatings and printed electronics are of particular interest.

Existing Investments in Start-ups

Günther said:

“At Henkel Ventures, we will build on our existing successful collaborations with start-up companies.”

For example, Henkel’s Adhesive Technologies business invested in total around 10 million euros in two material science-focused venture capital funds from Emerald Technology Ventures and Pangaea Ventures Ltd. in the last months. Furthermore, the business has already made direct investments in two material science start-ups – Vitriflex and DropWise. Additionally, the Laundry & Home Care business unit invested in the online dry cleaners and laundry service ZipJet.

About Henkel

Henkel operates worldwide with brands and technologies in three business units: Laundry & Home Care, Beauty Care and Adhesive Technologies. Founded in 1876, Henkel holds globally one of the leading market positions, both in the consumer and in the industrial businesses, with well-known brands such as Persil, Schwarzkopf and Loctite. Henkel employs about 50,000 people and reported sales of 18.1 billion euros and adjusted operating profit of 2.9 billion euros in fiscal 2015. Henkel’s preferred shares are listed in the German stock index DAX.

Henkel Beauty Care is one of the largest cosmetic companies in hair cosmetics. With broad experience in the development of breakthrough innovations in the fields of Hair Coloring, Hair Care and Hair Styling, Beauty Care has gained leading positions across regions and customer segments.

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Source: Henkel
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