Three European corporations have committed an undisclosed amount to Emerald Technology Ventures’ Cleantech Fund III, which invests in early and expansion stage companies in the energy, water, and materials sectors with particular focus on Europe and North America.

Emerald said the three corporate venturing units on behalf of Evonik Industries, Mahle and Cofisa (Sibelco) joined as part of a second closing as it targets €100m ($130m) in its third fund.

Evonik Industries, a Germany-based chemicals company’s $100m Evonik Corporate Venturing…

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