Nouryon recently announced that it will invest in Icos Capital Fund IV, a venture capital fund connecting corporations and financial institutions with start-ups that have a potential for fast growth. Additional terms of the investment were not disclosed.
According to Nouryon, the investment strategy of the Icos Capital Fund IV will be focused on new and emerging technologies in the areas of sustainable industry, decarbonization technologies, circular economy and sustainable food systems.
“Our investment with Icos provides Nouryon with an effective way of screening a very large number of start-ups and emerging technologies that are in and adjacent to our key end-markets with a focus on accelerating sustainability,” said Philip Clark, senior vice president and chief technology officer at Nouryon.
Nouryon’s corporate partnership with Icos Capital dates to 2017, with original investment in Icos Capital Fund III. The company says this has enabled several strategic partnership discussions and insights into innovation crucial to Nouryon.
Icos Capital is active in the Netherlands, Poland, Switzerland and Germany, with activities across Europe. Icos Capital Fund IV will expand its geographic reach to other parts of the world, including North America, and said its corporate partners will play an important role in setting the fund strategy, as well as identifying and evaluating the start-ups.