TDK Ventures, the corporate venture capital (CVC) arm of Japan-headquartered electronics manufacturer TDK Corporation, has hired Andrew Maywah (pictured left) and Anil Achyuta as investment directors.
Achyuta was a US-based director of external innovation and strategy at personal care product manufacturer L’Oréal from 2016, where he led research and development partnerships, investments and mergers and acquisitions deals in materials science, medical aesthetics and digital health.
Maywah had been a China-based partner for boutique private equity firm Silver Tiger Capital since 2016 and oversaw cross-border healthcare, education and technology, media and telecommunications deals for the firm. He also co-founded tech startups in the US and China.
TDK Ventures launched a $50m CVC fund last month which will invest globally at seed to series B stage focusing on fundamental material science, especially in the health and wellness, next-generation transportation, robotics and industrial, mixed reality and internet-of-things market segments.
Nicolas Sauvage, managing director of TDK Ventures, told Global Corporate Venturing: “We are thrilled to welcome Andrew and Anil to the TDK Ventures team. Their backgrounds as a founder of tech startups and an inventor, respectively, complement our talented group of investment professionals well.
“With their help, I am confident that our world-class team is uniquely qualified to bring strategic value to investments and partners in support of materials science startups and the innovators making a positive difference to life as we know it.”
Photos of Andrew Maywah and Anil Achyuta courtesy of TDK Ventures.
