China: German industrial group Evonik invests in VC firm, BCVC commits to $60m Series A investment in Acfun

China: German industrial group Evonik invests in VC firm, BCVC commits to $60m Series A investment in Acfun

The venture capital arm of German industrial group Evonik has invested an undisclosed amount in Chinese VC firm GRC Mangers, which focuses on material-related start-ups from Greater China.

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