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 improve 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.”
Bryce Kristo, CFO of INX, adds, “As one of the largest ink manufacturing companies in the world, we believe our technical expertise and industry connections can help entrepreneurs create great companies that have a positive impact on the lives of consumers and on our planet. We are excited to deploy the resources of INX 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, with a focus 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 co-managed with Touchdown Ventures, an enterprise venture capital managed services provider. Scott Lenet, co-founder and president of Touchdown, notes, “We are excited about the capital investment, industry expertise and operational excellence that INX can bring to its portfolio companies. We believe that INX Venture Capital will be an ideal partner for entrepreneurs and venture capitalists looking to initiate and develop new innovative technologies applicable to printing inks and coatings.