Lanxess joins HTGF II investors
German chemicals company Lanxess has invested a low seven-figure sum in venture investor High-Tech Gründerfonds' second fund, raising the vehicle's total commitments to €301.5m.
HTGF II will have 17 industrial backers following Lanxess's investment. The VC began investing more heavily in companies operating in the chemicals and related sectors in 2012.
Other backers of the fund, which was announced in October 2011, include BASF, B Braun, Robert Bosch, CEWE Color and Evonik.
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