TDK Corporation (TSE: 6762), an electronics company based in Tokyo, Japan, established a new corporate venture company (CVC) TDK Ventures, Inc.
Established as a wholly-owned subsidiary of TDK Corporation with an initial fund size of $50m, TDK Ventures will 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 will focus its investments on technologies and solutions that leverage fundamental material science to unlock an attractive and sustainable future for the world.
These would include but not be limited to magnetics, MEMS, piezoelectrics, dielectrics, semiconductors, organic materials and neuro-electricals.
TDK Ventures expects to identify and explore new ideas and technologies, fund and support promising companies and provide access to markets where TDK operates.
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 global electronics company to enhance its technology roadmap and make forays into new markets and segments.
Established in 1935, TDK Corporation is an electronics company providing a comprehensive portfolio that features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors.
In addition, the company provides power supplies and energy devices, magnetic heads and more.
These products are marketed under the product brands TDK, Chirp, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda.
fiscal 2019, TDK posted total sales of USD 12.5 billion and employed about 105,000 people worldwide.