By Olivia Bugault

BASF SE (BAS.XE) said Monday that it will invest $4 million in a Brazilian fund managed by SP Ventures.

The German chemical company said that the fund focuses on Latin American startups in the agricultural and food, or AgFood, sector and aims to support 20 to 25 new companies.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

November 18, 2019 08:31 ET (13:31 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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