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      Covestro Venture Capital

      Connecting our open innovation culture to external start-up ecosystems

      The Covestro Venture Capital team (COVeC) strives to invest in innovative start-ups and scale-ups. Together, we want to better make use of trends that will shape the future of the material science industry and tackle the societal challenges that we have to overcome.


      As COVeC, our mission is to push entrepreneurial activities in and adjacent to our core business by investing into young companies with innovative products, solutions or business models. We are aiming to actively support our portfolio companies along our established core competencies and wherever we can add value to these young companies.

      We are looking forward to engagements with start-ups and scale-ups that want to make the world a brighter place. Let’s push boundaries together!

      “Covestro Venture Capital plays a crucial role in our innovation activities, contributing to our strategic direction and sustainable development. We are committed to supporting young companies with outstanding ideas and through close co-operation also contributing to their long-term success.”

      Investment Strategy and Focus

      We invest in and work with companies that are active in one of Covestro’s defined focus areas. We are willing to engage through:

      • strategic equity investment
      • exchange of ideas
      • joint development agreements
      • commercial co-operations

      Covestro may invest:

      • as sole (minority) investor
      • alongside other strategic and financial investors

      COVeC plays a key role in facilitating the success of Covestro’s innovation activities. We are looking for ideas that incorporate one or more of our defined technological focus areas:

      Investment Criteria and Parameters

      Our co-operation will offer a range of benefits on both sides.

      Business expertise

      Market access & reference


      Commercial opportunities & funding

      Access to technical know-how & assets

      Access to data & IP

      Entrepreneurial mindset

      Window on technology

      Revenue and new business

      Investment Process

      Contact our Corporate Venturing Capital Managers through startup@covestro.com for a first evaluation. If your start-up fits our investment strategy, we will elaborate a way forward together with you. In our mutual exchange, we determine the details of our business collaboration and the technical support you will receive from our business owner. Following signing of a term sheet, an investment due diligence will be performed. After successful signing of the investment contracts, we will start our active and continuous co-operation to generate mutual value-add.


      Our COVeC team, led by Dietrich Firnhaber, is located at our headquarters in Leverkusen, Germany and manages our global venturing activities. Our team members can offer expertise and experience in various areas such as chemical technologies, strategy development, M&A, market intelligence and marketing. Their support ensures a successful co-operation in developing your start-up.

      Dietrich Firnhaber

      Head of Strategy and Portfolio Development

      Dr. Paula Rodrigues

      Team Covestro Venture Capital

      Markus Härtel

      Team Covestro Venture Capital

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