BASF Venture Capital invests in North American investment fund ARCH Venture Fund VII
BASF Venture Capital America Inc., Fremont, CA, has invested in ARCH Venture Fund VII - a venture capital fund managed by ARCH Venture Partners, Chicago, IL. ARCH invests at a very early stage in start-up companies from the material science, life science, as well as information technology and biotechnology sectors in North America. The majority of these start-ups have been spun off from universities or national research laboratories. The total volume of the ARCH fund will be roughly $400 million fund. BASF Venture Capital will invest $5 million. Other investors in the fund are primarily universities, pension funds and financial institutions.
"ARCH is one of the most-respected venture capital funds in the U.S., supported by an impressive management team. ARCH will complement our strategy of investing in innovative companies that are active in BASF Group's five growth clusters - energy management, raw material change, nanotechnology plant biotechnology and white (industrial) biotechnology," said Keith Gillard, Principal of BASF Venture Capital America.
In addition, BASF will benefit from ARCH's excellent network of more than fifty North American universities and national laboratories. This will allow BASF Venture Capital to gain information about new technology trends and attractive potential investments at an early stage.
BASF’s European production sites for ethylene oxide have experienced significant technical problems leading to a Force Majeure declaration on ethylene oxide on May 19, 2015. Due to the ethylene oxide (EO) shortage BASF has subsequently to declare Force Majeure for EO-based products produced ... more
BASF and LANXESS have signed an agreement on BASF’s purchase of the polyisobutene business consisting mainly of intellectual property for a new technology to produce high molecular weight polyisobutene (HM PIB). On behalf of BASF, LANXESS will exclusively manufacture the new HM PIB for BASF ... more
BASF inaugurated its new Ultramid® (polyamide 6 and 6/6.6) polymerization plant at the Shanghai Chemical Industry Park in Shanghai, China. The new plant, with a capacity of 100,000 metric tons per year, will further strengthen BASF’s local production and supply network and better serve the ... more
BASF Construction Polymers GmbH, Trostberg, Germany, is a leading innovator and producer of construction and oilfield polymers. Our product portfolio for construction chemicals consists of superplasticizers, dispersants, plasticizers, rheology modifying agents, stabilizers, defoamers and ai ... more