The Alstom, Solvay and Schneider Electric-sponsored venture firm has closed new financing, bringing the total under its management to about $590m.
Aster Capital, the France-based venture capital firm sponsored by chemicals producer Solvay and power and automation equipment makers Alstom and Schneider Electric, closed €240m ($282m) in financing today.
Aster was formed in 2010 with a €40m investment from Schneider and another €30m from Alstom, before Solvay subsidiary Rhodia added €15m the following year. European Investment Fund supplied €20m in capital in 2012.
Aster’s backers this time include plastics manufacturer Plastic Omnium. The firm now has a total of almost $590m…
