BASF Venture Capital and Xiamen C&D are among the limited partners in Longwater Investment’s advanced materials-focused fund, which was already backed by Solvay.
Longwater Advanced Materials Fund, a venture capital fund formed by China-based equity fund manager Longwater Investment, has received funding from investors including BASF Venture Capital, chemicals producer BASF’s corporate venturing unit.
Other limited partners (LPs) in the fund include supply chain services provider Xiamen C&D, financial services firm China International Capital Corporation (CICC)’s fund of funds, CICC Genesis Fund, and Redbud Capital, a unit of Tsinghua University’s investment firm, Tsinghua Holdings.
BASF Venture Capital runs a €225m ($250m) evergreen fund…
