Wiivv Wearables Inc. of Vancouver received an influx of capital from Evonik Venture Capital, the venture capitalist arm of Germany’s Evonik Industries AG. Wiivv will begin producing 3D printed biomechanically optimized insoles which are indeed able to offer specific customization depending on individual requirements.
The investment deal was also supported by financial investor Formation 8, from Silicon Valley, and Real Ventures, the largest seed investor in Canada. Evonik, in working to find additional startups offering true breakthroughs, currently also has holdings in five startups and three funds.