Edda Customer Deep Dive: Chemovator
We sat down with Ricarda Schulte, Portfolio Manager at Chemovator to learn more about how Edda has helped Chemovator’s growth.
Location:
Germany
Investment focus:
Early-stage & Pre-seed
Company type:
Incubator
€2.4million
Series A funding for 1000 Satellites
200+
Opportunities
5
Spin-offs
17
Employees’ nationalities
Chemovator stands as an innovation powerhouse within the realm of chemicals, operating under the prestigious banner of BASF, acting as an early-stage or pre-seed investor.
Designed as a dynamic catalyst for entrepreneurial ventures, Chemovator is a breeding ground for visionary startups and intrapreneurs, channelling their ideas into transformative businesses that redefine the chemical landscape.
“We began as an intrapreneurship program; these are predominantly ideas that go beyond the current structures and the BASF portfolio. Typically, these ideas revolve around digitalisation. We also encompass a substantial amount of deep tech and sustainability-related subjects."
Ricarda Schulte - Portfolio Manager - Chemovator
Finally, we wanted to get Ricarda’s insights into the future of the VC landscape…
“My mind wonders towards a significant topic such as sustainability, as it’s in every idea we look at - especially when you consider chemistry’s role, which is present in nearly every product. When we look around us, I know that 90% of the products have some form of chemistry in them, and understanding the impact that those sustainability topics can have is crucial. Out of 150 pitch decks that we have looked at, this serves as a strong motivator in early stages - it’s great to see sustainability as a necessity. Every startup we look at has an ESG angle, as it’s the biggest topic in our industry right now. Everyone is searching for solutions, and this is the most pressing thing. Investors should focus on ESG when investing into companies.”
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