Royal DSM, a Netherlands-based advanced materials company, has joined peer BASF by committing to the fourth clean-tech China fund managed by Tsing Capital.
In May, Germany-based chemicals group BASF’s corporate venturing unit invested $5m in Tsing’s China Environment Fund.
Founded in 2001, Tsing manages four dollar-denominated clean-tech funds with $600m in aggregate and two RMB funds with a total size of RMB1bn ($160m).