BASF Venture Capital has joined Alchemist Accelerator as a limited partner to develop digital technologies in the chemical industry.
US-based startup accelerator Alchemist Accelerator has received a $2m limited partner commitment for its latest fund from BASF Venture Capital, the corporate venturing unit of chemicals company BASF.
The fund will allocate at least 50% of the capital to companies developing technology for 3D printing, agriculture, material informatics and nutrition, as well as what BASF describes as “technology game-changers.”
Launched in 2013, Alchemist is a venture-backed business incubator that seeds 75 startups a year, investing $36,000 in companies with a revenue stream…
