BASF Venture Capital GmbH, Ludwigshafen, is investing in Pangaea Ventures Fund II, LP, a venture capital fund belonging to Pangaea Ventures Ltd of Vancouver, Canada. Pangaea Ventures invests in early-stage advanced materials, energy and environmental technologies as well as nanotechnology companies in North America.

This was the first phase of Pangaea Ventures’ proposed US$50 million fund. BASF Venture Capital is one of the leading investors together with Solvay and Ciba Specialty Chemicals. Further phases are expected shortly.

“Pangaea offers BASF Venture Capital new areas and segments for its North American investment activities,” said Josef Wünsch, Technical Managing Director of BASF Venture Capital. “We are impressed with Pangaea Ventures’ deal flow and its understanding of advanced materials.”

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