DSM invests in Chinese cleantech fund, Tsing Capital

DSM invests in Chinese cleantech fund, Tsing Capital

11:46 AM, 26th September 2012
DSM invests in Chinese cleantech fund, Tsing Capital

HEERLEN, THE NETHERLAND: Royal DSM has invested in the 4th China Environment Fund of Tsing Capital in China. This is DSM’s first venture capital fund investment in Asia. The China Environment Fund is a series of four funds, managed by Hong Kong based Tsing Capital. Financial details of the investment have not been disclosed.

This investment in a cleantech fund in China is in line with DSM’s Strategy “DSM in motion, driving focused growth” with an increased focus on emerging economies. Backed by Tsinghua University, Tsing Capital’s deal flow covers a range of activities in both life sciences and materials sciences sectors, including sustainable agriculture, food processing, bio-based materials and renewable energy.

“By participating in this fund, DSM gains access to a significant deal flow for investments in life sciences and materials sciences in China. This will help us to build a solid base for DSM’s venturing activities in the greater China region,” explained Pieter Wolters, Managing Director, Venturing and Licensing, DSM.

“Over the past years, Tsing Capital has established an outstanding reputation, track record and credibility in China’s VC market. By participating in Tsing CEF IV, DSM has created an opportunity for an excellent strategic return in addition to the potentially attractive financial return that this fund offers,” said Yu-Xiang (Leo) Liu, Head, Asia Venturing Activities, DSM.

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