BASF Invests in Alchemist Accelerator
February 26, 2019
BASF Venture Capital has invested $2 million in Alchemist Accelerator’s fund, reportedly allocating at least half towards investments in 3-D printing, agtech, material informatics, nutrition, and technology game-changers. According to BASF, this investment supports BASF’s strategy to leverage digital technologies to drive business growth.
“Alchemist has built a strong reputation for attracting the best in the digital ecosystem. We are thrilled to officially join Alchemist as a Limited Partner,” said Markus Solibieda, managing director at BASF Venture Capital. “Digitalization represents unprecedented opportunities to create value for our customers and develop new business models. By investing in a digitally-focused fund, we promote innovations at the intersection of chemicals and technologies like artificial intelligence, internet of things, and robotics.”
Since Alchemist’s debut in 2013, 24 companies funded by Alchemist have been acquired and more than a hundred have gone on to raise significant funding rounds from the top venture capital firms in the Silicon Valley, including Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Foundation Capital, Founders Fund, Greylock Ventures, Menlo Ventures, Redpoint Ventures, Social + Capital Partnership, and True Ventures.