CARSTEN SIEDEN

Carsten Sieden, Vice President at BASF Venture Capital, is a key figure in the corporate venture capital landscape, driving innovation by investing in groundbreaking startups. His expertise in chemistry, business strategy, and venture capital positions him uniquely to identify and support companies that align with BASF's strategic objectives and contribute to a sustainable future.

As Vice President, Carsten Sieden is deeply involved in the entire investment lifecycle, from deal sourcing and due diligence to portfolio management and strategic guidance. He works closely with entrepreneurs, leveraging BASF's extensive resources and market knowledge to help portfolio companies scale and succeed. His role is crucial in bridging the gap between innovative startups and a global chemical leader, fostering synergistic relationships that benefit both parties.

Carsten Sieden's investment thesis is centered on areas critical to BASF's future growth and sustainability goals. He actively seeks out startups developing disruptive technologies and business models in sustainable chemistry, advanced materials, biotechnology, digitalization, and agricultural innovation. This includes companies focused on circular economy solutions, bio-based products, efficient resource utilization, and digital tools that enhance chemical processes or agricultural practices. His commitment is to investments that not only offer strong financial returns but also deliver significant strategic value and contribute to a more sustainable world.

Carsten Sieden brings a robust blend of scientific rigor and business acumen to his role. He earned a Ph.D. in Chemistry from the University of Münster, providing him with a deep understanding of the scientific foundations relevant to BASF's core business. Complementing his scientific background, he also holds an MBA from the Mannheim Business School, equipping him with strong strategic and financial insights. Before joining BASF Venture Capital in 2018, Sieden accumulated valuable experience within BASF SE, serving in various capacities including Corporate Development, where he was involved in M&A activities and strategic planning, and Global Business Management within Performance Chemicals. This diverse background has given him a comprehensive perspective on both the technical and commercial aspects of innovation.

Through his work at BASF Venture Capital, Carsten Sieden has been instrumental in supporting several promising companies. He serves as a Board Observer for portfolio companies like Bota Biosciences, a biotechnology platform focused on developing sustainable chemicals through fermentation, and Paptic Ltd, a Finnish company creating innovative, fiber-based packaging materials designed to replace plastics. These investments exemplify his dedication to fostering companies that offer sustainable, high-impact solutions within BASF's strategic domains. His involvement ensures these startups receive not just capital, but also strategic mentorship and access to BASF's global network.

Carsten Sieden's leadership at BASF Venture Capital underscores the organization's commitment to open innovation and sustainable growth. By identifying and championing pioneering startups, he plays a vital role in shaping the future of chemistry and related industries, driving both technological advancement and environmental stewardship.