BASF invests in functional chemical company
BASF Venture Capital is leading an US-$8 million (EUR6.86 million) financing round in the U.S. functional chemistry firm, NBD Nanotechnologies.
Headquartered in Boston, Massachusetts, NBD Nano is a specialty chemicals company with a proprietary platform technology that gives surfaces properties such as repellency or adhesion.
Variety of applications
BASF is joined in the round by new investor Henkel AG & Co., along with existing investors including Phoenix Venture Partners, among others. “NBD Nano’s products allow for a tremendous variety of applications in electronics, consumer goods, and automotive,” said Markus Solibieda, Managing Director at BASF Venture Capital. “In addition, the company’s technology platform provides them with a strong base for future innovations.”
Reducing fingerprint visibility
NBD Nano’s product offerings include “Repelshell” plastic additives that allow any resin to become more repellent than the leading fluoropolymer technologies, and “Invisiprint” coatings that reduce fingerprint visibility on a variety of surfaces. “This financing allows us to further grow our business while continuing to innovate within our proprietary platform,” said Miguel Galvez, CEO of NBD Nano. “We will be able to offer our novel solutions.”
