Chemical manufacturer Evonik has acquired a share into Friedrich Schiller University burn healing spinout JeNaCell.
The share was acquired as part of a series A round, the size of which was unannounced, which was also supported by state-backed investors Bmt Beteiligungsmanagement Thüringen and High-Tech-Gründerfonds, Thuringia Foundation for Technology, Innovation and Research and the Sparkasse Jena bank.
JeNaCell is developing a treatment for burn and chronic wounds which utilises nanocellulose. The material uses plant-based cellulose and nanostructured materials to produce an absorbent, tear-resistant, and moisture regulating wound dressing which is less painful than traditional dressings.
Bernhard Mohr, head of venture capital at Evonik, said: “JeNaCell is an outstanding strategic fit for Evonik. The company’s technology supplements our competencies in biotechnology and in the area of delivery systems for active medical ingredients.”
Evonik shares in JeNaCell’s healing
Jul 9, 2015 •
LEADERSHIP SOCIETY
Informing, connecting, and transforming the global corporate venture capital ecosystem.The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.
More featured content
University of Notre Dame tries new, supersized approach to creating spinouts
University of Notre Dame tries new, supersized approach to creating spinouts
A new $35m fund will be managed by external venture studio High Alpha Innovation and will work with the university on creating new startups.
Events
GCV Institute: Landing the Value of Corporate Venturing
May 6 -
May 9, 2024
Online
May 9, 2024
Online
Events
Webinar: CVCs and the art of the follow-on
May 8, 2024
Online
Online
Events
GCV Institute: CVC Investment Programs
May 21 -
May 22, 2024
Online
May 22, 2024
Online
Events
GCV Symposium 2024
Jun 24 -
Jun 26, 2024
London (UK)
Jun 26, 2024
London (UK)
Events
Corporate Venture in Brasil 2024 – International Delegation to Brazil
Oct 28 -
Oct 30, 2024
São Paulo (Brazil)
Oct 30, 2024
São Paulo (Brazil)
Top News
test reg