Henkel Adhesive Technologies, a subsidiary of consumer goods conglomerate Henkel, has committed an undisclosed amount to China-based investment firm Richland Capital’s third fund through its Henkel Tech Ventures vehicle.
Richland Capital Fund III targets developers of advanced materials, manufacturing equipment and digital technologies in addition to digital business models. Its limited partners (LPs) also include corporate venturers Saint-Gobain, Solvay Ventures and Asahi Kasei Ventures.
Paolo Bavaj, head of corporate venturing for Adhesive Technologies, said: “China without a doubt is not only a key market for our Adhesive Technologies business but is also a global hub for disruptive innovations and new business models in material science
“We are convinced that Richland Capital is the best partner to strengthen our access and to provide attractive business opportunities for us.”
Zhebo Ding, managing partner of Richland Capital, added: “Through the partnership with Henkel, Richland can better help Chinese startups accelerate their growth by leveraging Henkel’s innovative capabilities and global supply chain.
“On the other hand, Richland can support Henkel to build a collaborative partnership with local innovative startups and to identify new growth opportunities in the region.”
