SABIC

SABIC, or Saudi Basic Industries Corporation, is a leading diversified manufacturing company based in Saudi Arabia, specializing in chemicals, industrial polymers, fertilizers, and metals. As the largest public company in the country and the Middle East, SABIC is predominantly state-owned, with the Saudi government holding 70% of its shares. It ranks as the second largest global producer of ethylene glycol and has significant standings in the production of polyethylene, polyolefins, and polypropylene. Additionally, SABIC is recognized as the world's largest producer of various chemical products, including mono-ethylene glycol and granular urea. Beyond its core manufacturing operations, SABIC Ventures serves as its corporate venture arm, focusing on seed and early-stage investments in sectors such as technology, energy, and circular economy. This venture arm aims to support innovation and growth by collaborating with entrepreneurial teams and a network of investors, leveraging SABIC's global presence to create market impact.

Aruna Subramanian

Managing Director

14 past transactions

Azumo

Venture Round in 2022
Azumo front light is here to light the way to the new era of high efficiency, durable displays that don’t fight the environment but work in tandem with it. The time has come for all of us to reflect on what displays can do for devices.

VOID Technologies

Venture Round in 2020
VOID Technologies Limited is a materials science company based in London, United Kingdom, with a manufacturing facility in Neenah, Wisconsin. Established in 2014, VOID Technologies specializes in the production and supply of VO+ additive masterbatches, which are utilized by film manufacturers across various applications, including labels, food packaging, bags, snacks, tapes, and strapping. The company emerged as a spin-out from Kimberly-Clark Corporation, aiming to commercialize the innovative VO+ technology. As a subsidiary of Kimberly-Clark, VOID Technologies is positioned to leverage its parent company's expertise while focusing on the advancement of sustainable materials in the packaging industry.

Mallinda LLC

Corporate Round in 2019
Mallinda LLC, based in Aurora, Colorado, specializes in the production of reversible thermoset prepreg laminates designed for high-throughput composite part manufacturing. The company is known for its innovative platform technology, Pliashell, which consists of intrinsically recyclable and malleable self-healing polymers. This new class of thermoset polymers allows for the creation of lightweight, strong, remoldable, and recyclable composite materials. Pliashell's advanced fiber-reinforced composites can be molded at relatively low temperatures, eliminating the need for a curing step and significantly reducing manufacturing cycle times. Mallinda is positioned to revolutionize product development across various segments in the rapidly growing advanced composites industry.

Black Diamond Structures

Acquisition in 2019
Black Diamond Structures LLC, founded in 2014 and headquartered in Austin, Texas, specializes in developing and manufacturing nanomaterial-based solutions primarily for the lead acid and lithium ion battery industries. The company employs a proprietary technology known as MOLECULAR REBAR®, which enables the production of high aspect ratio, clean, functionalized, and open-ended multi-wall carbon nanotubes. As a subsidiary of Saudi Basic Industries Corporation, one of the largest petrochemical manufacturers globally, Black Diamond Structures aims to leverage its innovative products to enhance energy storage solutions and contribute positively to various industrial applications.

Azumo

Series B in 2018
Azumo front light is here to light the way to the new era of high efficiency, durable displays that don’t fight the environment but work in tandem with it. The time has come for all of us to reflect on what displays can do for devices.

Boston Materials

Seed Round in 2018
Boston Materials, Inc. manufactures 3D reinforced carbon fiber pre-pregs. The company provides Carbon Supercomposite, a magnetically assembled carbon fiber pre-preg. Its products are used in pressure vessels, marine, wind energy, aerospace, automotive, tooling, sports equipment, and general purpose applications. Boston Materials, Inc. was founded in 2016 and is based in Bedford, Massachusetts.

MTPV

Series C in 2018
MTPV Power Corporation is a clean energy company that focuses on innovations in Micron-gap ThermalPhotoVoltaics technology (MTPV). MTPV technology began development at MIT and Draper Laboratory before moving to the labs of MTPV Power Corporation. It was founded in 2003 and headquartered in Austin, Texas.

Clariant

Post in 2018
Clariant is a Switzerland-based specialty chemicals company that operates globally and is recognized for its innovative and sustainable solutions across various industries. Founded in 1995, the company develops, produces, and sells specialty chemical products tailored to meet specific market demands. Clariant is organized into three main business areas: care chemicals, absorbents and additives, and catalysts. The care chemicals segment serves consumer markets, including personal and home care products, while the absorbents and additives segment encompasses coatings, adhesives, and plastics. Additionally, Clariant is a leader in color and additive concentrates through its Masterbatches division, which enhances the performance and market appeal of plastic products, packaging, and fibers. Through its comprehensive offerings, Clariant aims to create value for a diverse range of customers worldwide.

Airborne Technology

Series C in 2017
Airborne International is engaged in engineering, manufacturing, and supplying high-end composites structures for industries such as aerospace, defense, marine, high-end bicycles, and formula-one cars. It offers composites structures maintenance and repair services, including inspection and damage assessment, sealing and painting, and balancing. The company was founded in 1995 and is based in The Hague, the Netherlands.

MTPV

Series B in 2014
MTPV Power Corporation is a clean energy company that focuses on innovations in Micron-gap ThermalPhotoVoltaics technology (MTPV). MTPV technology began development at MIT and Draper Laboratory before moving to the labs of MTPV Power Corporation. It was founded in 2003 and headquartered in Austin, Texas.

FibeRio

Series C in 2013
FibeRio Technology Corporation is transforming the materials market through the unlimited availability of nanofibers. It is supplying the equipment and processes that are meeting these demands. Utilizing rapid response manufacturing methodologies, the company is quickly developing and delivering Forcespinning technology to the market while producing the highest quality and most cost-effective equipment.

Segetis

Series C in 2012
Segetis, Inc. is a green chemistry company based in Golden Valley, Minnesota, that specializes in the development and commercialization of renewable polymers. Founded in 2006, Segetis utilizes a platform of binary monomers derived from non-food agricultural and forestry feedstocks to produce a range of materials. The company's innovative technology supports the creation of bio-based products, including bio-plastics, surfactants, plasticizers, adhesives, coalescent solvents, and other specialty chemicals. This approach not only enables the second wave of industrial bioproducts but also offers synergies for industries involved in the processing of starch, sugar crops, wood, cellulose, and vegetable oils. Through its focus on sustainable materials, Segetis is positioned to contribute significantly to the advancement of environmentally friendly chemical solutions.

Vitriflex

Series B in 2012
Vitriflex, Inc. specializes in developing and manufacturing transparent ultra-barrier films that provide moisture and oxygen protection for various applications. Founded in 2010 and based in California, the company focuses on enhancing the performance and reliability of products such as OLED displays, solar panels, OLED lighting, flexible electronics, and quantum dot-enhanced LCDs. Vitriflex employs advanced encapsulation technology to improve the longevity of its clients' products. However, on November 8, 2019, the company filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Northern District of California, signaling a significant shift in its operational status.

GE Plastics

Acquisition in 2007
GE Plastics was the branch of General Electric who manufactured plastics, and was part of the GE Industrial division. GE Plastics in 1971 a branch in Bergen op Zoom established. Initially this was a joint venture with Akzo , and later this joint venture was dissolved and the company continued as GE Plastics. There were eleven factories located on the site and the number of employees grew to 1500. Here were include Lexan pellets produced. This relates to polycarbonate , which is used among other things as replacement for break-resistant glass window and in CD's. In addition, Noryl ( polyphenylene oxide , a so-called 'engineering plastic') and BPA (bisphenol-A, a raw material for epoxy resins and polycarbonate ) produced. As a raw material is, inter alia, chlorine is used, that at the location is obtained by membrane electrolysis of common salt . Since salt water as a waste product released is the location on a salt surface is required. Annual production in 1990 was about 46 kt and 51 kt chlorine caustic soda . The complex is in 2007 taken over by the Saudi company SABIC , after General Electric found that it was too little profit. It also includes the headquarters of the division: Sabic Innovative Plastics , as well as a distribution center.