20 Nov 2019 --- BASF Venture Capital, an investment arm of German chemicals company BASF Group, is among the primary investors in the first closing of the AgVentures II having committed US$4 million to the Brazillian fund. Managed by São Paulo-based SP Ventures, the fund focuses on start-ups from the Latin American agri-food sector and aims to support 20 to 25 new companies founded and headquartered in the region. For BASF Venture Capital, this represents the first investment in Brazil.