Chemovator has invested in Heartland, a material sciences firm situated in Detroit, Michigan.
The deal’s total value was not made public.
Use of funds
The money will be used by the business to increase operations and development initiatives.
About Heartland
Heartland is a material science firm run by CEO Jesse Henry that produces natural fibers to strengthen plastic. The business, with the help of a group of scientists, engineers, and technicians, has created materials derived from hemp that can be added to plastic compounds to lower their scope 3 emissions when combined with natural fiber additions for materials and packaging. Its Imperium masterbatch lowers the price, weight, and environmental impact of common goods.
This development in the field of sustainable material innovation enhances bulk density, dispersion, bonding, flammability, and other characteristics that have traditionally been connected to the processing of natural fibers.
About Chemovator
Chemovator is the business incubator and early-stage investor of BASF and supports venture teams to turn great business proposals into scalable and investable business opportunities.
We leverage the unique connection to BASF knowledge and domain expertise, ambitious founders, industry partners, universities, investors and the entrepreneurship ecosystem to create deep tech opportunities that truly matter for our industry.
