Joint News Release
Ludwigshafen and Boston, November 7, 2017 – BASF Venture Capital (BASF) is leading an $8 million Series B financing round in the U.S. functional chemistry firm, NBD Nanotechnologies (NBD Nano). Headquartered in Boston, Massachusetts, NBD Nano is a specialty chemicals company with a proprietary platform technology that gives surfaces unique properties such as repellency or adhesion. 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.”
NBD Nano’s product offerings include RepelShellTM plastic additives that allow any plastic resin to become more repellent than the leading fluoropolymer technologies, and InvisiPrintTM coatings that significantly reduce fingerprint visibility on a variety of surfaces. “These products are truly unique and will add significant value to NBD Nano’s customers,” added Jacob Grose, Investment Manager at BASF Venture Capital.
“This financing allows us to further grow our business with our customers and partners while continuing to innovate within our proprietary platform,” said Miguel Galvez, CEO of NBD Nano. “We will be able to achieve the scale our customers expect from us and offer our novel solutions, which we have developed independently or in collaboration with leading industry partners, to a wider array of markets.”
|BASF Media Contacts:||NBD Nano Media Contact:|
|Phone: +49 173 3099242|
|Phone: +1 973 245 6077|
About BASF Venture Capital
BASF Venture Capital GmbH was established in 2001 as a wholly owned subsidiary of BASF New Business GmbH, Ludwigshafen, Germany, with the aim of exploring new growth potentials based on investment in startup companies and funds. More information is available at www.basf-vc.com.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.
About NBD Nanotechnologies
NBD Nanotechnologies is the only company to create coatings and additives that provide tailored surface solutions that are both durable and adaptive. No other competitive technology both ensures durability and integrates seamlessly with existing production and manufacturing processes, while providing state of the art surface performance in areas such as repellency and adhesion.
Based in Boston, Massachusetts, NBD Nano has a proven team of top scientists and experienced entrepreneurs leading its business and research operations.
NBD Nano’s proprietary nanotechnology platform, and its expanding IP portfolio, enables the creation of customized coatings and additives for any application, on any substrate, with unprecedented durability and adaptability. More information at www.nbdnano.com.