TAGS: Green and Bioplastics
Supporting Henkel’s progress in sustainability, the company closed the investment into Circularity European Growth Fund I LP, an impact fund managed by Circularity Capital. With the investment of 5 million pounds, Henkel is taking another step in expanding the company’s venture capital activities while further promoting a circular economy.
100% Recyclable Packaging
Henkel has outlined an ambitious circular economy strategy including a target for 100 percent of its packaging to be recyclable, reusable or compostable
* by 2025. Within the same timeframe, Henkel aims to use 35 percent recycled plastic for its consumer goods products in Europe.
Value Creation Potential
- Circularity Capital invests into companies from different development stages with a proven revenue model and a strong circular economy value creation potential.
- As such, the fund will generate value for all three business units of Henkel - for the Beauty Care and Laundry & Home Care consumer businesses as well as for the Adhesive Technologies advanced materials business.
- It provides access to a powerful network and significant European pipeline of small and medium enterprises enabling the circular economy.
Paolo Bavaj, Head of Corporate Venturing at Henkel Adhesive Technologies says:
“We are committed to further drive progress towards a sustainable future. By
joining the fund managed by Circularity Capital, we are complementing our
current deal-flow and will gain further insights into the latest technologies
that enable a circular economy. The fund offers access to high growth companies with strong expertise in fields which are highly relevant for us: from circular packaging, business models, materials and products to enabling data solutions and recycling technologies.”
Jamie Butterworth at Circularity Capital says:
“We are delighted to welcome Henkel, a recognized leader in sustainability who has recently stepped up its commitment for sustainable packaging, as a Limited Partner to Circularity European Growth Fund I LP. We look forward to partnering with Henkel making a positive impact toward a circular economy.”
Henkel’s Corporate Venture Capital Engagement
Henkel Ventures is Henkel's corporate venture capital engagement with a total volume of up to 150 million euros. The dedicated team actively evaluates and manages equity investments and joint development projects with start-up companies. Building on existing successful collaborations between Henkel’s three business units and start-ups, Henkel Ventures focuses on a variety of business-related search fields. The investment into the Circularity European Growth Fund I follows further direct and fund investments from Henkel. Last year, the company among others announced its investment into a fund from China Materialia, enabling Henkel’s Adhesive Technologies business unit to access the growing scene of advanced materials start-ups in China and adjacent Asian markets.
* Excluding adhesive products where residual amounts interfere with the recyclability or pollute the recycling stream.
Source: Henkel