The financing round was led by BASF Venture Capital with participation from angel investors.
"The world is becoming increasingly digital and artificial intelligence can make a vital contribution in many areas"
BASF Venture Capital was founded in 2001 to generate growth potential for BASF by investing in new companies and funds focusing on chemical products, new materials, software and services.
Portfolio
2
companies
IntelliSense.io
IntelliSense.io builds artificial intelligence platforms for the global mining industry.
SmartKem
SmartKem develops organic semiconductor materials for flexible displays and electronics.

Markus Solibieda
Managing Director
Markus brings international investment and board experience, having previously led BASF Venture Capital. He serves as a senior portfolio advisor and holds non-executive board roles across multiple private companies.
LinkedInThe financing round was led by BASF Venture Capital with participation from angel investors.
"The world is becoming increasingly digital and artificial intelligence can make a vital contribution in many areas"
BASF Venture Capital, Octopus Investments, and Entrepreneurs Fund joined existing backer Finance Wales to fund the commercialisation of SmartKem's tru-FLEX materials.