Braskem, a global leader in the production of thermoplastic resins and biopolymers, today announced its relationship with Touchdown Ventures, the new co-managers of Oxygea Ventures, Braskem's $100 million corporate venture capital fund. The fund aims to make minority investments in sustainability, cleantech, and digital transformation for the industrial value chain.

Investment focus interests for Oxygea Ventures include circular economy, advanced biochemicals, new biomaterials, CO2 capture and conversion to chemicals, and advanced manufacturing solutions.

"Oxygea's corporate venture capital program represents an extension of Braskem's innovation toolkit, advancing our mission to deliver safe, sustainable, and green solutions for the industrial sector," said Artur Faria, Oxygea's Chief Executive Officer. "As one of the largest thermoplastic resins and biopolymers companies in the world, we believe our technical and industrial expertise can help entrepreneurs build great companies that create a positive impact on our planet. We are excited to leverage Braskem's resources to help our startup partners scale."

Oxygea is a stage-agnostic fund emphasizing early-stage startups that have demonstrated product market fit and have begun to generate revenue. The fund will also invest in select seed and growth-stage opportunities. Typical checks will range from $1M to $5M initially, with reserves for follow-up investments. Target geographies include North America, Europe, Israel, and Latin America, aligning with Braskem's worldwide innovation efforts.

Touchdown Ventures, a leading provider of corporate venture capital managed services, will co-manage the fund. "Latin American corporations have a remarkable opportunity to drive mutual value with startups through corporate venture capital," said Scott Lenet, Touchdown co-founder and President. "Braskem's commitment to sustainability and investment in innovation is a promising leadership signal for corporate venture capital and startups in this region."

Antonio Queiroz, Vice President of Innovation, Technology and Sustainable Development at Braskem emphasizes that "Investments and partnerships with startups are a key pillar of our innovation strategy. We are excited about this relationship between Oxygea and Touchdown Ventures."

Sharing the same enthusiasm, Peter Ulrich, Venture Partner at Touchdown Ventures, added, "We are honored to co-manage Braskem's corporate venture fund. With Oxygea, we can offer entrepreneurs and venture capital co-investors assistance in launching and scaling ground-breaking technologies within the industrial value chain."

Through this partnership with Touchdown Ventures, Oxygea is poised to catalyze sustainable innovation, supporting startups and driving the transition to a more sustainable future.

About Oxygea

Oxygea is a Corporate Venture Capital, Venture Building and Startup Acceleration vehicle dedicated to boosting businesses with a focus on sustainability and digital transformation in the industry. Oxygea was created based on Braskem's innovation strategy, but operates independently. The fund will invest US$150 million - 100 million for CVC and 50 million for acceleration and venture building - in startups focused on carbon neutrality, circular economy, renewable energy, new materials and digital transformation. To stay in touch with the latest developments, visit https://oxygea.com/en/

About Braskem

With a strategy centered on people and sustainability, Braskem is engaged in contributing to the value chain to strengthen the Circular Economy. Braskem's 8,000 team members dedicate themselves every day to improving people's lives through sustainable solutions in chemicals and plastics. With its corporate DNA rooted in innovation, Braskem offers a comprehensive portfolio of plastic resins and chemical products for diverse industries, such as food packaging, construction, manufacturing, automotive, agribusiness, health and hygiene, and more. With 40 industrial units in Brazil, United States, Mexico, and Germany, Braskem exports its products to clients in over 70 countries.

About Touchdown Ventures

Touchdown Ventures partners with corporations to manage their venture capital programs. Touchdown works closely with each corporation to help achieve the financial and strategic benefits from venture capital investments. The firm maintains offices in Los Angeles, Philadelphia, and San Francisco. More information on Touchdown can be found at www.touchdownvc.com .