◼ Alchemist will fund digital startups driving growth of the chemical industry
◼ BASF accelerates its outreach towards technologies like artificial intelligence, internet of things and robotics
BASF Venture Capital is investing $2 million into Alchemist Accelerator’s fund, allocating at least half towards investments in 3D printing, agtech, material informatics, nutrition, and technology game-changers. This investment supports BASF’s strategy to leverage digital technologies to drive business growth.
Since Alchemist’s debut in 2013, 24 companies funded by Alchemist have been acquired and over 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.
The Alchemist Accelerator seeds 75 startups per year and provides a structured path toward their first customers and fundraising. The 6-month program offers privileged connections to the top enterprise coaches, early adopter customers and investors.
SOURCE: BASF
