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BASF Invests in U.S.-Based Advanced Materials Company

2:59 AM MST | February 1, 2012 | Sotirios Frantzanas

BASF Venture Capital, a BASF subsidiary, says it has participated in a $27 million financing round by investing $5 million in Solidia Technologies (Piscataway, NJ), a start-up company developing a technology for converting waste into building materials, including concrete. Kleiner Perkins Caufield and Byers; BP Ventures and Bright Capital; and the venture arm of Ru-Com Corporation also participated in the financing round.   Solidia is using a technology named Low Temperature Solidification (LTS), which enables the production of building and...

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