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…

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