INX International launches $50 million venture capital fund
INX Venture Capital will be a $50 million investment program and will focus on categories including sustainability and circular economy solutions, digital printing, business and manufacturing automation, and customer services. brand owners.
“Our corporate venture capital program represents an extension of INX’s innovation toolkit, furthering our mission to lead the printing inks and coatings industry by providing safe and sustainable solutions that enhance the customer experience,” said Shane Bertsch, vice president of strategic planning and innovation. “We look forward to marrying our focus on creating value for customers, brands and consumers with our curiosity for new technologies and new business models.”
“As one of the largest ink manufacturing companies in the world, we believe our technical expertise and industry connections can help entrepreneurs build great businesses that positively impact people’s lives. consumers and our planet,” added Bryce Kristo, CFO of INX. “We are excited to deploy INX’s resources to help our portfolio companies evolve.”
INX Venture Capital is stage-agnostic, focusing on early-stage startups that have demonstrated “product market fit” and have started generating revenue. The fund will also pursue certain seed and growth stage opportunities. Typical checks range from $1 million to $3 million initially, with reserves for follow-on investments.
INX Venture Capital will have a global investment mandate, focusing on opportunities in its core markets of North America, Europe and South America, in concert with SAKATA’s global innovation efforts INX.
The fund is managed jointly with Touchdown Venturesa leading provider of managed enterprise venture capital services.
“We are excited about the capital investment, industry expertise and operational excellence that INX can bring to its portfolio companies,” said Scott Lenet, co-founder and president of Touchdown. “We believe INX Venture Capital will be an ideal partner for entrepreneurs and venture capitalists looking to pioneer and develop new, innovative technologies applicable to printing inks and coatings.”