BASF VC Invests in Longwater's Chemical Innovation in China
Xu Wei
DATE:  May 28 2019
/ SOURCE:  yicai

(Yicai Global) May 28 -- German chemicals giant BASF Group's venture capital arm will invest in a  private equity fund managed by Shanghai's Longwater Investment to tap into growth in the fields of advanced materials and chemical technologies in China.

BASF Venture Capital will become one of Longwater Advanced Materials Fund's limited partners, the Ludwigshafen-based VC firm said in a statement yesterday, without disclosing the sum. 

The fund's other limited partners include Xiamen C&D, CICC Genesis Fund and Tsinghua Holdings' Redbud Capital.

Editor: Emmi Laine 

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