BASF Venture Capital closes Brazil team, centralizes venture management in Germany
BASF Venture Capital has closed its Brazil operations and adjusted its scope to back BASF’s core businesses. The São Paulo team’s agricultural investments will be managed directly from Germany, where managing director Heike Pfistner is based. BASF will remain a shareholder in its existing startups and continues as a limited partner in venture funds while reviewing the South American portfolio over time.