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Stock impact report

TDK Ventures launches $150 million Fund EX1 to invest in energy and climate tech startups

TDK CORP S/ADR (TTDKY) 
NASDAQ:AMEX Investor Relations: global.tdk.com/corp/en/ir/index.htm
Company Research Source: PR Newswire
EX in the new fund's name stands for energy transformation, signaling the focus for Fund EX1 on investing in early-stage energy, cleantech, and climate technology startups in the U.S. and EuropeFund EX1 is TDK Ventures' first multi-LP fund and marks its first foray into EuropeSAN JOSE, Calif., May 19, 2023 /PRNewswire/ -- TDK Corporation (TSE: 6762) announced today that subsidiary TDK Ventures Inc. will launch its third fund, totaling $150 million in new capital. The new fund will target early-stage investments in energy transition, electrification, and decarbonization within the U.S. and Europe. TDK Ventures' total assets under management is now $350 million."As the world strives to build a sustainable future for all, we must recognize the pivotal role that energy transformation needs play in our collective efforts," stated Noboru Saito, President and CEO of TDK Corporation. "With this new funding, we are doubling down on our efforts to contribute toward innovations in electrificatio Show less Read more
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