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

Pegasus Tech Ventures, a Silicon Valley-based venture capital firm that helps companies invest in startups, has announced the formation of a $100 million fund with Denka, a Japanese chemical and life sciences company.

107-year-old Denka is the sole limited partner of a new corporate venture capital fund that, in line with its 2030 mission, will invest in start-ups that address pressing global issues such as sustainability and population growth. I am interested in investing.

Pegasus Tech currently manages over 30 strategic funds (CVC funds) through partnerships with large global companies in Japan, Taiwan, Indonesia, Europe and the US. These corporate partners, mostly in manufacturing sectors such as industrials, chemicals and pharmaceuticals, want to invest in start-ups and incorporate advanced technologies into their core businesses, he said. Uzzaman he told TechCrunch.

Pegasus Tech will help Denka more specifically search for early- to late-stage startups in renewable energy, EV batteries, chips, and health tech. According to Uzzaman, check sizes range from $500,000 to $1 million for his early-stage startups, and $2 million to $10 million for his late-stage companies.

After the candidate is targeted for investment, Denka plans to have the team work with Pegasus to validate the startup’s thesis. Still, Pegasus will make the final investment decision, Uzaman said. In fact, a group of Pegasus partners, including Uzerman, and investment managers Bill Reichert, Steve Payne, John Lim and Justin Jackson will be heavily involved in running the fund, Uzerman added.

Since its inception in 2011, Pegasus has focused on connecting businesses and start-ups to leverage a ‘VC as a Service’ model, and has invested in over 250 start-ups to date, with assets under management of exceeds $2 billion.

Other partners the VC firm has worked with include: Sega, a video game and entertainment company. Japanet is a TV shopping company. He NGK Spark Plugs, a Japan-based manufacturer of automotive spark plugs. Asus, a computer he hardware company headquartered in Taiwan. Aisina Japan-based automobile company. Entertainment company Bandai Namco; in my heart, an Indonesian-based pharmaceutical company.When Sinar Masan Indonesian conglomerate.

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