TDK Ventures
Description
TDK Ventures is the Corporate Venture Capital arm of TDK Corporation, which is a Japanese multinational electronics company that specializes in manufacturing electronic components. Founded in 1935, TDK has grown to become a leading player in the global electronics industry. The company's name is an acronym derived from the original Japanese name, Tokyo Denki Kagaku.
TDK is renowned for its production of a wide range of electronic components, including capacitors, inductors, transformers, and ferrite cores. The company is also a major player in the magnetic tape industry and was historically associated with the production of cassette tapes.
In addition to electronic components, TDK has diversified its business to include various other segments such as sensors, power supplies, and energy devices.
TDK Ventures invests in startups to bolster innovation in materials science, energy/power and related areas typically underrepresented in venture capital portfolios. Established in 2019 as a wholly-owned subsidiary of TDK Corporation, the corporate venture company's vision is to propel the digital and energy transformations of segments such as next-generation transportation, robotics and industrial, mixed reality and the wider IoT/IIoT markets. TDK Ventures will co-invest and support promising portfolio companies by providing technical expertise and access to global markets where TDK operates.
TDK Ventures invests in startups at a Seed to Series B stage. They are currently deploying their Fund-II which has a corpus of ~$150Mn. Their check size ranges from $250k to $5Mn. They reserve ~50% of their corpus to participate in the follow on rounds in their portfolio.
TDK Ventures is headquartered in Silicon Valley and operate in Boston, Bangaluru, India and planned global expansions.
The core focus areas span Renewable Energy, Materials Technologies, Cleantech, Industry 5.0, Mobility, Computing & Connectivity and Healthtech.
They have invested in 34 startups till date and boast of a portfolio of companies such as Ascend Elements, Groq, Gencell (IPOed), SLD Laser, Origin, Wheels, Autoflight, Verdagy, Infinite Uptime etc.