SEO Tips seo company Chemical large Denka dives into VC with $100 fund managed by Pegasus Tech • TechCrunch

Chemical large Denka dives into VC with $100 fund managed by Pegasus Tech • TechCrunch


Pegasus Tech Ventures, a Silicon Valley-headquartered enterprise capital agency that helps firms spend money on startups, stated it has arrange a $100 million fund with Japanese chemical and life science firm Denka. 

Denka, a 107-year-old agency, is the only real restricted accomplice of the newly established company enterprise capital fund and in step with its 2030 mission, is eager about investing in startups that deal with urgent world points, together with sustainability and inhabitants development.

Pegasus Tech presently manages greater than 30 strategic funds, or CVC funds, through partnerships with giant world firms in Japan, Taiwan, Indonesia, Europe and the U.S., stated founder and chief government of Pegasus Tech, Anis Uzzaman. These company companions — moshtly within the manufacturing sector, like industrials, chemical substances, and pharma — need to put capital in startups to include superior applied sciences into their core enterprise, Uzzaman instructed TechCrunch. 

Pegasus Tech will assist Denka extra particularly seek for early- to late-stage startups in renewable vitality, EV batteries, chips, and well being tech. In line with Uzzaman, test sizes will vary from $500,000 to $1 million for early-stage startups and $2 million to $10 million for later-stage corporations. 

After a candidate is focused for funding, Denka plans to have a crew work with Pegasus on validating the startup’s thesis. Nonetheless, Pegasus will make the ultimate choice on investments, Uzzaman stated. Certainly, a bunch of companions at Pegasus, together with Uzzaman, and funding managers Invoice Reichert, Steve Payne, John Lim and Justin Jackson will likely be closely concerned within the operations of this fund, Uzzaman added. 

Pegasus has centered on connecting corporates and startups to leverage its “VC as a service” mannequin since its inception in 2011, and has invested in additional than 250 startups up to now and has greater than $2 billion in property beneath administration. 

Different companions the VC agency has labored with embody Sega, the online game and leisure firm; Japanet, a tv buying firm; NGK Spark plugs, a Japan-based maker of automotive spark plugs; Asus, a Taiwan-headquartered laptop {hardware} firm; Aisin, a Japan-based automotive agency; Bandai Namco, an leisure firm; Kalbe, an Indonesia-based pharmaceutical agency; and Sinar Mas, an Indonesian conglomerate.  

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