British American Tobacco (BAT), BASF and Lingang Group have joined China Materialia Venture Capital Fund II in its second and final closing. With the new closing, China Materialia Venture Capital Fund II has reached its fund cap of 400 million RMB.

BAT, BAST, together with first-closing investors, GE, Samsung and SABIC are the five corporate strategic investors in the materials- and digital manufacturing-focused China Materialia Venture Capital Fund II.

“We are absolutely delighted to have five great corporate strategic investors joining China Materialia Fund II”, China Materialia CEO Dr. Min Zhou commented: “Partnership with these corporates can bring tremendous value to our portfolio companies and accelerate their path to commercial scale and global market. In the meantime, government investors like Lingang Group add value to our portfolio companies thorough policy support. It is a public-private partnership to build innovative high-tech companies in hard technologies including new materials and digitial manufacturing”