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henkel-tech.ventures

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Investments

18

Portfolio Exits

2

Funds

1

Partners & Customers

2

About Henkel Tech Ventures

Henkel Tech Ventures, the corporate venture capital arm of Henkel, focuses on investing in startups with specific digital or technological expertise.

Henkel Tech Ventures Headquarter Location

Henkelstrasse 67

Dusseldorf, D-40589,

Germany

+49 0049-211-797-0

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Latest Henkel Tech Ventures News

Henkel invests in technology start-up Direct-C

Aug 9, 2022

Adhesive Technologies to further strengthen expertise for predictive maintenance solutions WEBWIRE – Tuesday, August 9, 2022 Henkel has invested in the technology start-up Direct-C that has developed a sophisticated sensor technology for the early detection of hydrocarbon leakages in flanges and pipelines. Henkel Adhesive Technologies strengthens its capabilities for predictive maintenance solutions by investing in Direct-C LTD (Direct-C), Edmonton, Canada. The company has developed a sophisticated sensor technology for the early detection of hydrocarbon leakages. With the investment Henkel aims to further expand its maintenance, repair and overhaul (MRO) business and to drive the implementation of innovative digital applications. Henkel Adhesive Technologies is one of the leading providers of MRO solutions in more than 800 different industry segments. Adhesives and sealants under the well-known Loctite brand improve the maintenance of production machinery and equipment for example in oil and gas plants, steel mills, car factories, mining equipment or power turbines around the globe. With the recent launch of Loctite Pulse Henkel offers a novel portfolio of Industrial Internet of Things (IIOT) solutions designed to minimize downtime, save maintenance costs and underpin safety as well as sustainability. These data-enabled solutions empower customers in various industries to increase maintenance efficiency and effectiveness by monitoring the status of critical assets. With the implementation of these IIOT solutions across its MRO portfolio Henkel further expands its offering beyond materials to create additional value for its customers. “The combination of the Direct-C sensor technology and our broad MRO portfolio and expertise offers great potentials for innovative end-to-end solutions”, explained Paolo Bavaj, Head of Corporate Venturing at Henkel Adhesive Technologies. “The contributions of start-up technologies are crucial for us to develop predictive maintenance solutions for our customers. Together we aim to develop digital business models that help innovating our traditional MRO business towards the increasing demands for novel and efficient industrial IoT applications. Thus, the investment perfectly fits to our business strategy to implement and enable predictive maintenance solutions across industries under our constantly growing Loctite Pulse portfolio.” Founded in 2014, Direct-C has developed a polymer nanocomposite sensor material that is adaptable to various polymer matrices and sensing parameters. The technology is specifically designed to react to liquid hydrocarbons and provides a sophisticated leak detection solution for the integrity monitoring of the oil and gas infrastructure. The technology enables significantly enhanced response times to unexpected incidents and helps limiting cost-intensive unplanned production downtimes. “We are very pleased to receive this investment from Henkel as it comes at a crucial time when we plan to considerably scale our manufacturing capabilities and customer acquisitions in the hydrocarbon production and transportation markets,” added Adrian Banica, CEO of Direct-C. “More importantly however, we look forward to collaborating with Henkel’s MRO team and various initiatives and creating new and unique digital monitoring offerings for industrial equipment operators.” About Henkel Tech Ventures Henkel Tech Ventures is the corporate venture capital arm of Henkel Adhesive Technologies, established in 2016. Headquartered in Düsseldorf, it functions as a connector between external innovators and Henkel. Through networking, consulting, partnerships and investments, the unit supports the growth of startups and at the same time enhances Henkel’s new business development efforts. For more information, please visit  www.henkel-tech.ventures . About Direct-C Limited Direct-C has developed a platform sensor technology that uses a proprietary, polymer-based nanocomposite “paint”. This “paint” can be applied to any surface of interest that requires large area measurements for temperature, stress/strain/cracking and chemical exposure (such as a building, bridge, engine, pipeline, etc.) or it can be built into small area sensors that provide location specific measurements. The first revenue generating commercial market application deploys a formulation specifically designed to detect liquid hydrocarbons and is currently used in the implementation of a variety of oil leak detection solutions that provide unparalleled performance for the integrity monitoring of oil and gas infrastructure. The solutions provide no false positives, instant alerts, and precise locations of a release – all which lead to enhanced response times to unexpected incidents. www.direct-c.ca   ( Press Release Image: https://photos.webwire.com/prmedia/6/292783/292783-1.jpg )

Henkel Tech Ventures Investments

18 Investments

Henkel Tech Ventures has made 18 investments. Their latest investment was in 3RT as part of their Unattributed VC on July 7, 2022.

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Henkel Tech Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/26/2022

Unattributed VC

3RT

Yes

1

1/6/2022

Seed VC

Smartz

Yes

1

11/22/2021

Series B

ACTnano

$21.75M

No

10

1/7/2021

Series A

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$99M

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10

8/13/2020

Series A

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$99M

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10

Date

7/26/2022

1/6/2022

11/22/2021

1/7/2021

8/13/2020

Round

Unattributed VC

Seed VC

Series B

Series A

Series A

Company

3RT

Smartz

ACTnano

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Amount

$21.75M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

1

10

10

10

Henkel Tech Ventures Portfolio Exits

2 Portfolio Exits

Henkel Tech Ventures has 2 portfolio exits. Their latest portfolio exit was Laundrapp on February 18, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/18/2020

Acquired

$99M

1

6/27/2019

Merger

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$99M

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10

Date

2/18/2020

6/27/2019

Exit

Acquired

Merger

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

Henkel Tech Ventures Fund History

1 Fund History

Henkel Tech Ventures has 1 fund, including Henkel Ventures I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/28/2017

Henkel Ventures I

$162.18M

3

Closing Date

3/28/2017

Fund

Henkel Ventures I

Fund Type

Status

Amount

$162.18M

Sources

3

Henkel Tech Ventures Partners & Customers

2 Partners and customers

Henkel Tech Ventures has 2 strategic partners and customers. Henkel Tech Ventures recently partnered with Solvay on November 11, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

11/16/2017

Partner

Belgium

Henkel supports Solvay’s Sustainable Guar Initiative.

Solvay SA and Henkel team up to double the number of Indian farmers in the Sustainable Guar Initiative .

1

1/1/2016

Partner

Canada

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10

Date

11/16/2017

1/1/2016

Type

Partner

Partner

Business Partner

Country

Belgium

Canada

News Snippet

Henkel supports Solvay’s Sustainable Guar Initiative.

Solvay SA and Henkel team up to double the number of Indian farmers in the Sustainable Guar Initiative .

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Sources

1

10

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