VC News | 11 Tribes Ventures raises a $46 million second fund
TDK Ventures Inc. has launched Fund 3, a $150 million commitment to catalyzing the next generation of iconic deeptech start-ups.
11 Tribes Ventures:
11 Tribes Ventures, a pioneering early stage venture capital firm based in Chicago, IL, has announced the successful close of 11 Tribes Ventures Fund II – a $46 million fund that reinforces its commitment to investing in both the growth of innovative companies and the resilience of their founders.
With a unique philosophy centered on both “capital and care,” 11 Tribes says that it goes beyond traditional investment models by fostering deep, personal relationships with founders from the very first call. Unlike conventional venture capital firms that focus solely on financials, 11 Tribes dedicates the majority of its time in the initial meeting to understanding a founder’s personal journey – where they come from, what they love, and what they are known for.
“Our belief is simple: If founders compromise on the pieces of life that make it most worth living-strong relationships, peace, and health-then they are putting existential risk on their company,” said Mark Phillips, Founder and Managing Partner of 11 Tribes Ventures. “We invest in the whole human, not just their business.”
With the successful deployment of Fund I, Fund II will allow 11 Tribes to step into a new role as the lead investor in a majority of the funding rounds. The fund will focus on businesses and founders that are pursuing profitability within their companies business model and comfortable seeking exit opportunities between $75 million and $250 million.
TDK Ventures:
TDK Corporation has announced that its corporate venture capital subsidiary, TDK Ventures Inc., has launched Fund 3, a $150 million commitment to catalyzing the next generation of iconic deeptech start-ups. Building on Fund 1, Fund 2 and Fund EX1, this milestone increases TDK Ventures’ total assets under management to $500 million, reinforcing its position as a global leader in early stage impact investing. Fund 3 succeeds Fund 2 and will use the same strategy in targeting Seed to Series B early stage start-ups.
With TDK’s deep roots in advanced materials, sensor technologies, and power solutions, TDK Ventures brings technical depth to every investment. Through deep collaborations with TDK’s global R&D, manufacturing, and group companies, the firm offers start-ups a platform to scale faster with less risk.
TDK Ventures Fund 3 will deep dive into these strategic areas:
- AI, Compute, and Connectivity, including generative AI, future of data centers, next-generation computing, and connectivity/photonics.
- Materials, including Next-generation materials, nanofabrication and materials circularity.
- ClimateTech, including climate mitigation and adaptation.
- Robotics and Manufacturing, including factories of the future, advanced robotics, industrial software/OS, and space and bio manufacturing.
- Mobility, AgTech, and the Digital Economy, including electrification of mobility, agriculture and aquaculture, and emerging economy decarbonization.
Equitage Ventures:
Early stage AgeTech venture capital firm Equitage Ventures has announced the final close of its new $47.3 million fund. The round was led by an investment team that includes Daniel Kaplan; Russell Hirsch, a Co-Founder of Generator Ventures; and Adam Kaplan, Chief Executive Officer of Solera Senior Living.
Equitage Ventures provides capital, distribution, and advice to entrepreneurs who target senior adults’ unmet physical, mental, spiritual, and social needs. The company will use the funds to invest in companies it deems capable of transforming healthcare into areas where it perceives “urgent need, real opportunity or long-term transformation.”
In a statement, Equitage Ventures said it will invest in companies involved in “compliance infrastructure for senior housing and skilled nursing facilities, documentation automation for home and facility-based care, passive monitoring, oral health, dementia and behavioral health, and care navigation and family caregiving.”
The firm’s typical check sizes will range from $250,000 to $2.5 million.
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