Chemicals company DSM and bank Rabo as limited partners in BVP Fund IV.

Brightlands Venture Partners, a Netherlands-based venture capital firm, has held the first closing of its fourth fund at €45m ($m) including corporate commitments from DSM and Rabo.

Alongside chemicals company DSM and bank Rabo as limited partners in BVP Fund IV are the Dutch province of Limburg and its regional development agency, LIOF. In addition, €10m has been committed by the Netherlands Enterprise Agency (RVO) for investments in the renewable chemistry space.

Brightlands will invest in cleantech and health startups…

James Mawson

James Mawson is founder and chief executive of Global Venturing.