Kyocera, a Japanese electronics and industrial ceramics multinational, has launched a $60m fund to target US startups and those in Europe, Middle East and Africa.
The fund, Kyocera Venture Fund-I (KVF-I), is the company’s second CVC fund, which will run in addition to the first, KVIF-I, a $40m fund founded in April which focuses on startups in Japan and elsewhere in Asia.
It will run for 10 years and invest in startups between the seed and series B stages, with an initial investment size between $200,000 and $2m. The industries it will target include energy, IT, healthcare, advanced materials, AI, aerospace, nuclear fusion and semiconductors.
Founded in 1959, Kyocera makes industrial ceramics and electronics across a number of sectors including telecoms, chip packages and medical devices. Since establishing the KVIF-I fund in April, it has taken part in the $11m series E funding round for Turing, a Japanese autonomous vehicle maker.
