Henkel invests in specialist circular economy fund 8th January 2019
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, Henkel is taking another step in expanding the company’s venture capital activities while further promoting a circular economy.
Henkel has outlined an ambitious circular economy strategy including a target for 100% of its packaging to be recyclable, reusable or compostable* by 2025. Within the same timeframe, Henkel aims to use 35% recycled plastic for its consumer goods products in Europe.
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. “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,” says Paolo Bavaj, Head of Corporate Venturing at Henkel Adhesive Technologies. “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.”
“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,” says Jamie Butterworth at Circularity Capital. “We look forward to partnering with Henkel making a positive impact toward a circular economy.”