BASF Venture Capital has recently announced a $2m investment in the venture capital FinTECH GIMV Fund (FGF), which focuses on Japan-based, high-tech start-up companies.
The investment helped FGF to raise $55m in its first closing. Other investors included the Japanese investment bank FinTech
FGF is involved in life sciences, alternative energy generation and storage, material sciences and information and communications technology. The majority of the start-ups are spin-offs from Japanese universities and industrial corporations.
‘Our investment in FGF gives us a first-class view of Japanese technologies at an early stage of development and increases our access to Japanese start-ups,’ said Dr Knut Eichler, investment manager at BASF East Asia Regional Headquarters.