INX ANNOUNCES $50 MILLION VENTURE CAPITAL FUND

Multinational INX Venture Capital has just announced that it will allocate a $50 million corporate investment fund with the objective of supporting high-growth startups that are launching and scaling innovative businesses with relevance to the global printing inks and coatings industry.

Specifically, that fund will work with early stage as well as growth stage companies and venture capital investors focused on packaging sustainability and circularity, digital printing, manufacturing automation, brand owner services and novel materials that improve the performance and recyclability of packaging. In addition, INX Venture Capital will seek to help its portfolio companies and start-up partners achieve their strategic ambitions by sharing technical expertise and industry relationships while providing commercial support.

In this regard, Shane Bertsch, Vice President of Strategic Planning and Innovation further notes that “our corporate venture capital program represents an expansion of INX’s innovation toolkit, furthering our mission to lead the coatings and printing ink industry in delivering safe and sustainable solutions that enhance the customer experience.”

Bryce Kristo, CFO of INX, adds, “As one of the world’s largest ink manufacturing companies, we believe our technical expertise and industry relationships can help entrepreneurs build great businesses that make a positive impact on consumers’ lives and our planet. We are excited to deploy INX’s resources to help scale our portfolio companies.”

INX is one of the largest manufacturers of high-performance coatings and printing inks for packaging, commercial and digital printing applications in the world. The company has a history of materials innovation dating back to the founding of its parent company, SAKATA INX, in the late 19th century. The company is also a key contributor to the packaging industry, including as a leading supplier of inks and coatings for beverage containers.