TDK Ventures, the corporate venture capital subsidiary of Japanese electrical conglomerate TDK Corporation, has launched Fund 3, a $150m (£112m) commitment to catalysing the next generation of deep tech startups.
Fund 3 will target seed to Series B early-stage businesses, with the firm promising startups a platform to scale faster with less risk through its collaborations with TDK’s global R&D, manufacturing and group companies.
Noboru Saito, president and chief executive of TDK Corporation, explained how TDK’s latest fund shows a commitment to the innovators of the next generation. “As the world races toward a more sustainable, connected, and intelligent future, TDK Ventures stands at the vanguard of this transformation,” he said.
“Fund 3 reflects our continued confidence in their ability to uncover what’s next and empower the innovators who will shape the world for generations to come, while also unlocking new pathways for TDK’s own growth, innovation, and long-term relevance in an ever-evolving technological landscape.”
Building on its previous fund series – Fund 1, Fund 2 and Fund EX1 – this increases TDK Ventures’ total assets under management to $500m (£374m).
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