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Investment

Solvay invests in Chinese venture capital firm

by Alex Scott
April 26, 2019 | APPEARED IN VOLUME 97, ISSUE 17

 

Solvay is investing an undisclosed amount in Longwater Advanced Materials Fund, a materials-focused venture capital fund based in Shanghai. Longwater works with Chinese start-ups developing sustainable chemistries for markets including automotive, electronics, and energy. “China is on the verge of becoming the world’s largest start-up ecosystem, building a new generation of large venture capital funds and high-tech companies,” says Stéphane Roussel, managing director of Solvay Ventures.

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