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The new fund marks the 107-year-old chemical company’s entry into the corporate venture capital ecosystem and reinforces Pegasus’ position in providing “Venture Capital-as-a-Service” beyond the US. 2 billion dollars Assets under management, for international corporations and family offices.
Established in 1915, Denka supplies chemical products essential to modern society and critical to various industries, including electronics, ICT, batteries, pharmaceuticals and other key sectors shaping the future. With this fund, together with Pegasus, Denka seeks new technologies and business opportunities to advance ICT, energy, healthcare and sustainable living. The fund will invest in startups across geographies including the US. Europe, IsraelAnd Asia.
“We are excited to partner with Pegasus as we work to advance our innovation globally,” he said. Toshio ImaiPresident and CEO of Denka, “We value the experience of working on many cultures, including Pegasus JapanAmerica and EuropeAnd the knowledge that Pegasus brings to facilitate corporate innovation by investing in strategic technologies that can be beneficial to Denka.
Mr. Imai continued, “We will make good use of Pegasus’ extensive global network and deep technological expertise to realize our 2023-2030 management plan, Mission 2030. Stay ahead of the fast-changing times.”
Pegasus Tech Ventures Founder and CEO Anis Uzaman commented: “Pegasus is a leading venture capital firm focused on managing corporate venture capital funds. We currently manage over 30 strategic funds with our corporate partners. We look forward to working together. We look forward to achieving the company’s visionary Mission 2030 management plan.” By connecting Denka with global technology startups.
About Denka Company Limited
Denka is a chemical manufacturing company specializing in organic materials, inorganic materials, electronic materials, high performance products and pharmaceuticals. Since its establishment in 1915, Denka has worked to contribute to social development and win the trust of society by conducting manufacturing operations focused on chemical engineering. In the year After celebrating its centenary in 2015, Denka is accelerating its global business strategy to achieve responsible growth.
Please see https://www.denka.co.jp/eng/ for more details.
About Pegasus Tech Ventures
Pegasus Tech Ventures is a global venture capital firm based in Silicon Valley. 2 billion dollars In assets under management. Pegasus provides intellectual and financial capital to emerging technology companies around the world. In addition to providing institutional investors with a high-level capital investment approach, Pegasus offers a unique venture capital-as-a-service (VCaaS) model for large, global corporations looking to partner with technology startups. Among the 35+ corporate partners partnering with Pegasus are ASUS, Aisin, SEGA, Sojitz and NGK Spark Plugs. Pegasus has invested in more than 250 companies worldwide, including SpaceX, Twitter, Airbnb, SoFi, Doordash, 23andMe, Color, Carbon and more.
For more information about Pegasus, please see https://www.pegasustechventures.com.
Pegasus founded and sponsored the Startup World Cup, one of the largest and richest startup competitions in the world. The Startup World Cup spans over 50 countries on six continents, with the grand finale in Silicon Valley. 1 million dollars Investment reward. The goal of the Startup World Cup is to support regional innovation ecosystems around the world and connect them to Silicon Valley.
For more information about the Startup World Cup, please visit www.startupworldcup.io.
Source Pegasus Tech Ventures
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