TDK Ventures launches $50 mln fund [Reuters]
TDK CORP S/ADR (TTDKY)
NASDAQ:AMEX Investor Relations:
global.tdk.com/corp/en/ir/index.htm
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Source: Reuters
TDK Ventures launches $50 mln fund - PE Hub TDK Ventures launches $50 mln fund TDK Corporation PRESS RELEASE SAN JOSE, Calif.–(BINESS WIRE)–TDK Corporation (TSE: 6762) today announced it has established TDK Ventures, Inc., a corporate venture company (CVC) to invest in early-stage innovative startups to bolster innovation in material science, energy/power and related areas typically underrepresented in venture capital portfolios. TDK Ventures, established as a wholly-owned subsidiary of TDK Corporation, will have an initial fund size of $50 million. Innovative startups will be able to leverage TDK’s scale and reach to access potential customers, channels, a global ecosystem, industry connections, market knowledge, operating expertise as well as go-to-market/branding mentorship. In return, TDK will gain early insights into new technologies, allowing the leading global electronics company to enhance its technology roadmap and make forays into new markets and segments. “The investment
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