Redewables spin-off Relement reiceves funding from the Smart Industries Fund, managed by Innovation Industries, enabling Relement to start scaling sample production and strengthen its technological development
Today, Relement BV has raised their first capital investment from the TTT Smart Industries Fund that is managed by Innovation Industries, a leading deep-tech Venture Capital fund. Relement BV is a spin-off from Dutch Research and Development institute TNO. The company is uniquely positioned as a manufacturer of ingredients for coatings and materials, for which there is no renewable alternative today. The investment will enable Relement to contract partners for scaling up sample production for customers and strengthen technological development. An important milestone in the realisation of a more sustainable chemical industry.
“Relement is very happy with the support from Innovation Industries. This is an important step in making the critical change towards a more sustainable chemical industry. Innovation Industries is known for investing in knowledge-intensive and deeptech companies. Relement is such type of company and welcomes visionary investors who understand the large opportunities that the chemicals market has to offer” comments Roger Blokland, CEO of Relement. “Relement is managed by a strong team of founders, has access to disruptive technology and impactful customers. This first investment will enable Relement to reach important milestones towards the realisation of greener chemicals, coatings and materials industry.”
Innovation Industries considers this impact investment as a way to support Relement in its journey to make the chemical industry more sustainable. “Relement has proven that it is possible to use inedible biomass instead of a fossil feedstock while making a product that has superior quality and durability. We have invested with our Technology Transfer Fund and are aware that our support is only a modest step towards a more sustainable world. We hope that our investment encourages other investors to support Relement and to join this round.” – according Harm de Vries, partner at the fund.
About TTT Smart Industries and Innovation Industries
The Smart Industries Thematic Technology Transfer (TTT) consortium is a cooperative alliance between the Technology Transfer Offices of TNO, the four Dutch technical universities and Innovation Industries. It aims to bring promising early-stage tech spin-offs to the next level. The Smart Industries TTT Fund is managed by Innovation Industries. Please visit www.tech-transfer.nl for more information.
Innovation Industries is a leading Netherlands-based venture capital firm focused on high tech, med tech and agri-food tech companies. Next to financial support, Innovation Industries provides operational and strategic support in order to optimally position portfolio companies for success. Innovation Industries has over € 250 million under management and invests across all growth and development stages. For more information, please visit: www.innovationindustries.com