“Alchemist has built a strong reputation for attracting the best in the digital ecosystem," 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 were acquired and more than 100 have gone on to raise significant funding rounds from 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.
“Some of the most exciting innovations we are seeing are at the nexus of the digital and material – few partners are as equipped to bring expertise in that area as BASF, ” said Ravi Belani, managing director at Alchemist.
The Alchemist Accelerator seeds 75 startups per year and provides a structured path toward their first customers and fundraising.