Saint-Gobain has contributed to Richland Capital’s third fund, which had already attracted Tsinghua Asset Management’s Redbud vehicle.
Advanced materials producer Saint-Gobain has committed an undisclosed amount to China-based investment firm Richland Capital’s third venture capital fund, DealStreetAsia reported yesterday.
Founded in 2011, Richland invests across technology sectors including advanced materials, advanced manufacturing equipment, semiconductors, artificial intelligence and 5G networks.
The firm is targeting up to RMB800m ($123m) for the close of Richland Capital Fund III, which it expects to take place by the end of June 2021.
The vehicle’s first close, in August 2020, was backed…
