TEL Venture Capital

TEL Venture Capital, Inc. is the venture capital arm of Tokyo Electron Limited, established in 2006 and headquartered in Fremont, California, with an additional office in Tokyo, Japan. The firm specializes in early-stage and growth capital investments across a diverse array of sectors, including semiconductor and manufacturing equipment, renewable energy, life sciences, healthcare, and advanced display technologies. TEL Venture Capital targets investments in areas such as energy storage, photonics, nanotechnology, and network technologies, with a particular focus on enhancing semiconductor processes and manufacturing efficiencies. The firm is committed to leveraging its resources to support the success of its customers and partners while also contributing to local communities. With an investment capacity of up to $10 million annually, TEL Venture Capital aims to foster innovative solutions that align with the evolving demands of technology and sustainability on a global scale.

Kay Enjoji

President

25 past transactions

Hinalea Imaging

Seed Round in 2025
Hinalea Imaging is a technology company that unifies the power of digital imaging to reveal critical details about a product.

ChEmpower

Series A in 2025
ChEmpower is an advanced materials company focused on enhancing semiconductor manufacturing through the development of innovative planarization pads. These pads are designed to be chemically reactive and abrasive-free, aiming to improve chip yields and promote sustainability in the production process. By eliminating traditional abrasives from the planarization process, ChEmpower's products leverage chemical reactions to achieve the desired planarity, allowing semiconductor manufacturers to streamline their operations and enhance throughput. This approach not only simplifies the manufacturing process but also contributes to environmentally sustainable practices within the industry.

Wooptix

Series C in 2025
Wooptix S.L., founded in 2014 and headquartered in Madrid, Spain, specializes in advanced imaging technologies. The company develops light field and wavefront phase imaging software that captures comprehensive information about light, utilizing the full resolution of sensors. This innovative platform allows for three-dimensional modulation of images across various camera setups, producing volumetric images and videos with enhanced data points and high frame rates. By focusing on improving human interaction with the environment, Wooptix aims to redefine the way users perceive and engage with their surroundings, offering new possibilities for image quality and post-processing capabilities.

Cellid

Venture Round in 2023
Cellid specializes in hardware and software solutions for augmented reality applications, focusing on the development of display modules and spatial recognition software. The company's product offerings include waveguides and micro projectors, as well as advanced spatial recognition engines that facilitate the identification of data linked to human movement and environmental interactions. By leveraging optical simulation capabilities, Cellid enhances the functionality of AR glasses, allowing users to experience a seamless integration of digital information with their surroundings. The company provides multiple communication channels for customer inquiries, including mail, phone, and a physical address.

Nexfi Technology

Seed Round in 2023
Nexfi Technology focuses on the development of high-voltage DC power supplies and power-switching modules.

Wooptix

Venture Round in 2021
Wooptix S.L., founded in 2014 and headquartered in Madrid, Spain, specializes in advanced imaging technologies. The company develops light field and wavefront phase imaging software that captures comprehensive information about light, utilizing the full resolution of sensors. This innovative platform allows for three-dimensional modulation of images across various camera setups, producing volumetric images and videos with enhanced data points and high frame rates. By focusing on improving human interaction with the environment, Wooptix aims to redefine the way users perceive and engage with their surroundings, offering new possibilities for image quality and post-processing capabilities.

PsiQuantum

Series C in 2021
PsiQuantum is focused on developing the first utility-scale quantum computer to address significant global challenges. The company utilizes photonic qubits, which offer substantial advantages for creating a fault-tolerant, general-purpose quantum computer. By leveraging advanced semiconductor manufacturing capabilities, PsiQuantum aims to deliver quantum technology that can foster advancements across various sectors, including climate, healthcare, finance, energy, agriculture, transportation, and communications. This innovative approach positions PsiQuantum to contribute meaningfully to solving real-world problems through enhanced computational capabilities.

The Ferroelectric Memory Company

Series B in 2020
The Ferroelectric Memory Company (FMC), based in Dresden, Germany, specializes in providing embedded nonvolatile memory solutions to the semiconductor industry. FMC's core technology is based on ferroelectric hafnium oxide (FE-HfO2), enabling ultra-low-power, high-performance, and dense non-volatile storage. This technology, known as FeFET, is designed to be easily integrated into chip designs at various transistor sizes, from 28nm to 5nm and below. FMC's solutions offer significant advantages, including substantial cost reduction, dramatic write energy reduction, and notable performance gains for overall systems. The company's focus is on commercializing this disruptive material innovation to enable efficient non-volatile storage for current and future technology nodes.

Floadia

Series C in 2020
Floadia Corporation, established in 2011 and headquartered in Tokyo, Japan, specializes in the development, licensing, and sale of semiconductor intellectual property, particularly focusing on embedded non-volatile memory solutions. The company leverages its engineering team's extensive experience in embedded FLASH technology, which includes contributions from pioneers in the field. Floadia's technology is designed for use in various applications, including Internet of Things devices, automobiles, smartphones, and smart cards. Their embedded memory solutions offer low-power consumption and cost efficiency, while also providing durability suitable for automotive-grade environments. In addition to its product offerings, Floadia provides technology consulting services to support its clients in optimizing their semiconductor needs.

Hprobe

Seed Round in 2020
Hprobe SA, founded in 2017 and based in Eybens, France, specializes in designing and manufacturing automated wafer-level magnetic test solutions for various magnetic devices, including MRAM, hard disk drives, magnetic sensors, and inductors. The company provides advanced testing equipment and software, enabling efficient automation of wafer prober testing. Hprobe's notable product is a three-dimensional magnetic field tester, which is suitable for a wide range of magnetic devices such as Magnetic Tunnel Junctions and magnetic sensors. Their technology facilitates the characterization and testing of spintronics-based devices, aligning with the demands of electrical wafer-level probing required for mass production. This positions Hprobe as a key player in the evolving landscape of embedded memory technologies for system-on-chip applications.

Preferred Networks

Venture Round in 2020
Preferred Networks, Inc. is a software development company based in Tokyo, Japan, founded in 2014. It specializes in real-time machine learning technologies and develops applications for the Internet of Things, focusing on deep learning, robotics, and data analytics. The company serves various sectors, including transportation systems, manufacturing, bio-healthcare, retail, automobile, healthcare, advertising, life sciences, public safety, network security, and public transportation. Preferred Networks integrates data from the physical and digital worlds to create advanced solutions for autonomous driving, machine tools, robotics, and medical diagnosis. Additionally, the company has a subsidiary in Burlingame, California, which supports its international operations.

Floadia

Venture Round in 2019
Floadia Corporation, established in 2011 and headquartered in Tokyo, Japan, specializes in the development, licensing, and sale of semiconductor intellectual property, particularly focusing on embedded non-volatile memory solutions. The company leverages its engineering team's extensive experience in embedded FLASH technology, which includes contributions from pioneers in the field. Floadia's technology is designed for use in various applications, including Internet of Things devices, automobiles, smartphones, and smart cards. Their embedded memory solutions offer low-power consumption and cost efficiency, while also providing durability suitable for automotive-grade environments. In addition to its product offerings, Floadia provides technology consulting services to support its clients in optimizing their semiconductor needs.

NuMat Technologies

Series B in 2018
NuMat Technologies, based in Skokie, Illinois, specializes in the design and integration of atomically engineered materials, specifically metal-organic frameworks (MOFs), into systems for gas delivery, separation, and purification. Founded in 2012, the company focuses on creating programmable chemistries that facilitate precision engineering and unlock new capabilities in resource management. NuMat's product portfolio includes ION-X, a solution for the safe storage and delivery of hazardous gases. The company offers a comprehensive platform for product commercialization that combines advanced material discovery software with rapid prototyping and system integration. This approach enables various industries, such as chemicals, electronics, and life sciences, to address sustainability and innovation goals through enhanced performance and cost-effective production methods.

Qromis

Venture Round in 2018
Qromis specializes in the design and manufacturing of advanced light emitters, switches, rectifiers, and monolithic circuits. The company focuses on developing fabless technology aimed at reducing global energy consumption. Its product offerings include power electronics, light-emitting diodes (LEDs), advanced displays, and radio frequency electronics, among other high-performance applications. By providing energy-efficient solutions, Qromis helps enterprises achieve significant improvements in cost, performance, and scalability.

Light Polymers

Series B in 2017
Light Polymers Inc. is a materials company specializing in the synthesis and development of self-aligning lyotropic liquid crystal solutions. Founded in 2006 and headquartered in South San Francisco, California, with additional facilities in Silicon Valley and Taiwan, the company focuses on applications in flat panel displays, LED lighting, smart glass, solar technologies, and horticultural lighting. Its innovative materials address significant challenges in the flat panel display industry, particularly in the production of optical film polarizers, which traditionally require complex and costly processes. Light Polymers' products enable the creation of thin, coatable polarizers that enhance brightness and efficiency for ultra-high-definition displays, while also aligning with market trends in flexible and transparent technologies. The company’s solutions cater to various sectors, offering customers advanced materials for optical films, specialty plastics, and manufacturing processes.

Floadia

Series B in 2017
Floadia Corporation, established in 2011 and headquartered in Tokyo, Japan, specializes in the development, licensing, and sale of semiconductor intellectual property, particularly focusing on embedded non-volatile memory solutions. The company leverages its engineering team's extensive experience in embedded FLASH technology, which includes contributions from pioneers in the field. Floadia's technology is designed for use in various applications, including Internet of Things devices, automobiles, smartphones, and smart cards. Their embedded memory solutions offer low-power consumption and cost efficiency, while also providing durability suitable for automotive-grade environments. In addition to its product offerings, Floadia provides technology consulting services to support its clients in optimizing their semiconductor needs.

Applied Nanolayers

Venture Round in 2015
Applied Nanolayers B.V., based in Delft, the Netherlands, focuses on the production and application development of graphene and other 2D materials. The company operates a wafer-scale foundry that integrates these advanced materials with traditional silicon manufacturing processes. Founded by Paul Hedges and Richard Rijn, Applied Nanolayers offers a fully automated solution for the growth and integration of high-quality graphene, allowing researchers to innovate and develop new devices and applications. By combining cutting-edge materials with established silicon technology, the company aims to enhance existing functionalities in high-volume production environments.

MIOX

Venture Round in 2013
MIOX Corporation specializes in designing and manufacturing on-site generators for water disinfection. Founded in 1994 and based in Albuquerque, New Mexico, the company provides a range of products, including mixed oxidant solutions and mobile chemical-free disinfection systems. MIOX's technologies are utilized in various applications such as potable water treatment, wastewater management for municipalities and industries, cooling towers, and food and beverage processing. Their solutions also address legionella prevention in settings like hotels, universities, and hospitals. MIOX operates as a subsidiary of Industrie De Nora S.p.A., focusing on sustainable treatment technologies that enhance water quality and safety across multiple sectors.

EnerVault

Series B in 2012
EnerVault Corporation specializes in large-scale energy storage solutions tailored for renewable energy, utilities, and commercial and industrial applications. Founded in 2008 and located in Sunnyvale, California, the company utilizes patented redox flow battery technology to provide safe, reliable, and cost-effective energy storage. EnerVault's systems enable customers to significantly reduce long-term energy costs while ensuring optimal performance and configurability. Their innovative approach to energy storage, based on iron-chromium redox flow technology, allows for long-duration and megawatt-hour scale services, maximizing return on investment for energy generation and distribution assets.

EnerVault

Venture Round in 2012
EnerVault Corporation specializes in large-scale energy storage solutions tailored for renewable energy, utilities, and commercial and industrial applications. Founded in 2008 and located in Sunnyvale, California, the company utilizes patented redox flow battery technology to provide safe, reliable, and cost-effective energy storage. EnerVault's systems enable customers to significantly reduce long-term energy costs while ensuring optimal performance and configurability. Their innovative approach to energy storage, based on iron-chromium redox flow technology, allows for long-duration and megawatt-hour scale services, maximizing return on investment for energy generation and distribution assets.

Vista Therapeutics

Venture Round in 2009
Vista Therapeutics, Inc. specializes in nanotechnology for multiplex biomarker measurement. The company develops various products, including the NanoBioSensor platform, which allows for the detection and measurement of biomarkers in real-time. Its offerings include the Vista Nanocard for analyzing dilute biological samples, the Vista DipChip for creating functionalized nanowires, and analytic software for data visualization. Vista Therapeutics also provides preparation kits for different biological fluids and has solutions for continuous monitoring in clinical settings, such as pharmacokinetics and toxicokinetics, as well as applications in surgical and post-operative monitoring. Founded in 2007 and headquartered in Santa Fe, New Mexico, the company also operates a facility in Cambridge, Massachusetts, and maintains strategic partnerships to enhance its technological capabilities.

Unidym

Venture Round in 2008
Unidym is a manufacturer specializing in carbon nanotubes (CNTs), a cutting-edge material known for its exceptional electrical, thermal, and mechanical properties. The company provides a range of products, including bulk materials and CNT-enabled solutions, to diverse industries such as electronics and semiconductors. Unidym's offerings include inks and conductive films that can be applied to lightweight plastics, making them suitable for use in devices like touch panels, displays, and thin-film solar cells. This innovation helps clients enhance durability while reducing processing costs. Following its merger with CNI, Unidym has developed a comprehensive patent portfolio that encompasses nearly all aspects of CNT manufacturing, processing, and application, positioning the company as a key player in the field.

Molecular Imprints

Venture Round in 2008
Molecular Imprints Inc., founded in 2001 and based in Austin, Texas, specializes in manufacturing imprint and lithography systems designed for creating nanometer-scale surface relief structures. The company is recognized for its Jet and Flash imprint lithography technology, which offers advanced nanopatterning capabilities for various high-tech industries, including displays, life sciences, and light-emitting diodes. With a robust intellectual property portfolio, Molecular Imprints has applied for over 700 patents, resulting in more than 100 issued patents that encompass imprint tools, materials, and process technology. The core of its technology, the Jet and Flash Imprint Lithography, employs the IntelliJet Drop Pattern Generator to achieve precise placement of photoresist on substrates in extremely small volumes, facilitating the uniform imprinting of features down to 10 nanometers and below. Through a combination of specialized competencies and strategic partnerships, Molecular Imprints delivers innovative solutions that meet the demanding needs of its customers.

NanoGram

Series C in 2008
NanoGram Corporation is a nanotechnology company focused on developing and manufacturing advanced products for photovoltaics, electronics, and displays. It offers a customized application-specific nanotechnology platform that produces nanoscale compositions for various sectors, including optical, electronic, imaging, biomedical, and energy applications. The company has successfully incubated and spun out two firms, NeoPhotonics and NanoGram Devices. With a presence in Japan through its Tokyo office and a strategic partnership with Nagase & Co., Ltd / Nagase ChemteX Corporation, NanoGram is expanding its footprint in the region. Additionally, its office in Seoul, South Korea, supports its growth in the Korean market.
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