TDK Ventures Closes $150M Fund II

TDK Corporation (TSE: 6762)’s venture capital subsidiary TDK Ventures Inc. has closed its second fund, totaling $150m in new capital.

The new fund will primarily target early-stage, global investments in:

  • clean technology,
  • advanced materials,
  • industrial, robotics, energy, autonomous vehicles,
  • electric vehicles, and
  • healthtech segments.

TDK Ventures’ total assets under management is now $200m.

The close of TDK Ventures Fund II follows the inaugural $50m first vehicle, which has seen three exits including the IPO for energy cell company GenCell (TASE: GNCL); laser manufacturer SLD Laser’s acquisition by KYOCERA Corporation (TYO: 6971); and 3D printing startup Origin’s acquisition by Stratasys (Nasdaq: SSYS) in a $100m transaction.

In the last 21 months, TDK Ventures has made 16 investments, backing companies like Starship Technologies, Wheels and Autoflight in the mobility space, Genetesis and Exo in the healthtech space, SLD Laser and Metalenz in advanced materials, Agility Robotics in the robotics industry, and more.

By the end of the Fund II investing cycle over the next three years, TDK Ventures will build a portfolio of 50 early-stage companies.

Led by Nicolas Sauvage, Managing Director, Paul Holland, General Partner in Residence, TDK Ventures has a global scope and can help its portfolio companies with differentiated access to international markets, talent, and introductions to customers, helping them raise their next round of financing and long-term partnerships.

The firm has offices in San Jose, California, and Boston.