Pegasus Tech Ventures, a San Jose, CA-based global venture capital firm dedicated to supporting corporate innovation, established a $100m corporate fund with Denka Company Limited, a major Japanese chemicals, materials science, and life science company.
The new fund marks the entry of the 107 year-old chemical company into the corporate venture capital ecosystem.
Established in 1915 and led by Toshio Imai, President and CEO, Denka provides chemical products that are essential to contemporary society and critical to a wide variety of industries, including electronics, ICT, batteries, pharmaceuticals, and many other key sectors that are shaping the future.
Through this fund with Pegasus, Denka will seek new technologies and business opportunities to advance its growth in ICT, Energy, Healthcare, and Sustainable Living by investing in startup that are developing cutting-edge innovations. The vehicle will invest in startups across several geographies, including the US, Europe, Israel, and Asia.
Led by Anis Uzzaman, Founder and CEO, Pegasus Tech Ventures is a global venture capital firm with over $2 Billion in assets under management. The firm offers intellectual and financial capital to emerging technology companies around the world, as well as a Venture Capital-as-a-Service (VCaaS) model for large, global corporations that wish to partner with technology startups. Some of the 35+ corporate partners that have partnered with Pegasus include ASUS, Aisin, SEGA, Sojitz, and NGK Spark Plugs. Pegasus has invested in over 250 companies around the world, including SpaceX, Twitter, Airbnb, SoFi, Doordash, 23andMe, Color, Carbon, and many more.
FinSMEs
26/01/2023