Capricorn Venture Partners holds final close of its Capricorn Sustainable Chemistry Fund at € 86.5 million adding new investors
Leuven, Belgium: January 7, 2019 – Capricorn Venture Partners has successfully held the final closing of its Capricorn Sustainable Chemistry Fund (“CSCF”) at € 86.5 million, adding over € 30 million to its committed capital. CSCF focuses on early and growth stage investments in the sustainable chemistry field. Demographic shifts, climate change and resource pressure drive a need for more sustainable resource use, improved processes, better materials and food & feed ingredients. Toyobo, a Japanese specialty chemicals company, A.S.R. Insurance and Belfius Insurance, respectively a Dutch and Belgian Insurance company and a Belgian family office led the capital contributions. They join existing investors Quest for Growth, Siam Cement Group of Thailand, the Belgian sovereign wealth fund FPIM-SPFI, PMV and SRIW, the investment companies of respectively the Flemish and Walloon region, entrepreneurs and another Belgian family office.
Since its first close, the team already built a portfolio of four promising technology based companies, which already well represent the fund’s diversified investment strategy. With Virovet (www.virovet.com), cLEcta (www.c-lecta.com), DMC-BIO (www.dmcbio.com) and Black Bear Carbon (www.blackbearcarbon.com), CSCF contributes to a sustainable protein supply chain, novel food & feed ingredient development, circular economy and efficient resource use in both early and growth stage companies.
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