Solvay Ventures is among the limited partners for the advanced materials-focused Richland Capital Fund III following a contribution to a similar vehicle for Longwater Investment.
Solvay Ventures, the strategic investment arm of France-based chemicals producer Solvay, has made its second commitment to a China-focused advanced materials fund by backing Richland Capital Fund III.
The unit commited to Richland’s third venture capital fund at its first close alongside Redbud, a China-based fund-of-funds subsidiary of Tsinghua Asset Management, and Nipsea, part of Japan-headquartered Nippon Paint.
The commitment comes after Solvay Ventures contributed to China-based Longwater Investment’s advanced materials-focused fund in April 2019.
Stéphane Roussel, managing director…
