Brightlands Venture Partners closes € 45M sustainability and health fund
Brightlands Venture Partners, a leading Dutch sustainability & health venture capital firm based in the south of the Netherlands, announces the first closing of its BVP Fund IV at € 45 million. This Fund IV capital raise allows Brightlands Venture Partners to increase its investing activities in renewable chemistry, regenerative medicine and agrifood. Four cornerstone investors, DSM Nederland, provincie Limburg, LIOF and Rabo Corporate Investments have joined BVP in the first closing. In addition, € 10 million has been committed by the Netherlands Enterprise Agency (RVO) for investments in the renewable chemistry space.
With its new fund, Brightlands Venture Partners will invest in startups and scaleups in the Netherlands, Belgium and North Rhine Westphalia, that will benefit from and contribute to the Brightlands ecosystem. To date, Brightlands Venture Partners has invested in some 40 companies developing innovative products and processes that address unmet needs in the areas of sustainability and health. The financial return so far is excellent, which demonstrates the positive impact of the Brightlands ecosystem on the chance of success and time to market for these innovative companies.
Reduction of carbon footprint & healthier living
In sustainability BVP demonstrated its strength by investing in Europe’s leading recycling companies QC Polymers (mechanical recycling of commodity plastics), Ioniqa Technologies (chemical upcycling of PET), Black Bear Carbon and Fuenix (pyrolysis of used tyres and of mixed plastic waste). In health, important innovations have been made by e.g. Neuroplast (treatment of paraplegia), Triplemed (aortic aneurysmas) and Matisse Pharmaceuticals (sepsis).
Casper Bruens, Managing Partner of Brightlands Venture Partners, commented: “We are delighted with the continued commitment of DSM, provincie Limburg, LIOF and Rabobank and are extremely pleased with the € 10 mln commitment of RVO. This first closing is a firm basis; the fund will be open to additional professional investors who want to join us to make more impact. Brightlands means renewable chemistry, regenerative medicine, agrifood and related digital technologies, areas where such impact is most needed.”
Source: Brightlands Venture Partners (Press release)