(CercleFinance.com) – Solvay announces that Solvay Ventures, its venture capital fund, has participated in a $3.2 million financing round to benefit Plyable, an online marketplace for composite tooling based in Oxford, UK.
“Through its venture capital fund, Solvay’s investment in an innovative start-up will contribute to the growth of the composites industry, providing transport customers with easier access to lightweighting solutions,” explains the Belgian chemical group.
This funding round is led by Maven Capital Partners, with participation from Forward Partners and Solvay Ventures. He will help further develop the software solution, while expanding Plyable’s commercial presence in Europe and North America.