LUDWIGSHAFEN, Germany/BOSTON – 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, 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."