Japanese chemical and life science company Denka established a $100M fund in partnership with venture capital firm Pegasus Tech Ventures.

 

Japanese chemical and life science company Denka established a $100M fund in partnership with venture capital firm Pegasus Tech Ventures.

 Denka is the only limited partner in the fund. The fund will target early and late-stage startups in renewable energy, battery tech, chips, and health tech sectors. 


  • Denka established the fund to advance its 2030 mission of addressing global issues such as sustainability and population growth. 
  • The fund will invest between $500,000 to $1M in early-stage startups and between $2M to $10M in late-stage firms. 
  • Pegasus CEO Anis Uzzaman and partners Bill Reichert, Steve Payne, John Lim, and Justin Jackson will oversee the operations of this fund. 


  • Since 2011, major corporations — including Sega, Asus, Bandai Namco, and Aisin — across the U.S., Europe, Japan, Taiwan, and Indonesia have partnered with Pegasus to launch 30 strategic funds or CVC funds. 
  • Pegasus' "VC-as-a-service" model has helped the firm back 250 startups. 
  • It now has over $2B in assets under management (AUM).

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