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Chemical giant Denka dives into VC with $100 fund managed by Pegasus Tech

Chemical giant Denka dives into VC with $100 fund managed by Pegasus Tech


Chemical giant Denka dives into VC with $100 fund managed by Pegasus Tech

JAPANESE chemicals company Denka has set up a $100 million venture capital fund to invest in early-stage technology companies, with US-based Pegasus Tech Ventures as the lead manager.

The fund, which has a 10-year life, will invest in companies in the US, Europe and Asia that are developing cutting-edge technologies in areas such as artificial intelligence, the Internet of Things, robotics, and digital health, Denka said in a statement.

It will also invest in firms that are using innovative technologies to develop new products and services in the chemicals and materials industries, the statement said.

Pegasus Tech Ventures, which has about $2.5 billion in assets under management, will commit $25 million to the fund and Denka will invest the remainder.

The fund’s first investment was in US-based medical device startup Rivanna Medical, which is developing a catheter that can be used to measure blood pressure, Denka said.

Chemical giant Denka dives into VC with $100 fund managed by Pegasus Tech

denka

Overview: Chemical giant Denka has teamed up with Pegasus Tech Ventures to launch a $100 million venture fund that will invest in early-stage startups working on breakthrough technologies in the fields of energy, health, and materials.

The fund, which is Denka’s first foray into venture capital, will be managed by Pegasus Tech Ventures, a San Francisco-based venture firm that specializes in investing in deep technology startups.

Pegasus Tech Ventures was founded in 2015 by veteran investors Suzy WuDunn and Anada Gupta. The firm has raised $600 million in capital, and its portfolio companies include Luminar Technologies, Flirtey, and Atomwise.

Through the fund, Denka will gain access to early-stage companies working on cutting-edge technologies that have the potential to be commercialized and scaled.

The fund will also provide Denka with an opportunity to invest in companies that can help it achieve its sustainability goals, as the chemical giant has pledged to achieve net-zero emissions by 2050.

In addition to the $100 million fund, Denka has also set up an Innovation Lab in Silicon Valley, which will serve as a landing pad for startups that the company is looking to invest in.

Investment Thesis: Given Denka’s experience and expertise in the chemical industry, the company is well-positioned to identify and invest in breakthrough technologies that have the potential to be commercialized and scaled.

Through its Innovation Lab, Denka will also be able to work closely with startups that it is looking to invest in, providing them with the resources and support that they need to grow and scale their businesses.

Risks: As with any investment, there is always the risk of loss. In addition, the startups that Denka invests in may not be able to meet the company’s expectations in terms of commercialization and scalability.

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