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, allowing for a more efficient polishing process in the production of advanced semiconductors. By eliminating the need for traditional abrasives, ChEmpower's products enable semiconductor manufacturers to streamline their processes, reduce the number of steps involved, and improve overall throughput. Additionally, the company's environmentally sustainable approach contributes to improved chip yields and aligns with industry efforts to enhance sustainability in semiconductor fabrication.

Wooptix

Series C in 2025
Wooptix S.L., founded in 2014 and headquartered in Madrid, Spain, specializes in developing advanced imaging technologies. The company focuses on light field and wavefront phase imaging software that captures comprehensive information about light, utilizing the full resolution of sensors. Wooptix's platform enables the three-dimensional modulation of images, allowing for higher data points at elevated frame rates in volumetric images and videos. This technology facilitates enhanced image quality and advanced post-processing capabilities, providing users with innovative ways to interact with and visualize their environments. Wooptix aims to improve human experiences through its cutting-edge imaging solutions.

Cellid

Venture Round in 2023
Cellid is a developer of hardware and software products focused on augmented reality technology. The company specializes in display modules, particularly waveguides, and spatial recognition engines designed for AR glasses. Its offerings include a range of products such as micro projectors, model builders, and position finders. These innovations enable users to interact with and recognize data related to human movement and environmental context, enhancing the overall augmented reality experience. Cellid aims to advance the capabilities of AR technology through its proprietary optical simulation and spatial recognition technologies.

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 developing advanced imaging technologies. The company focuses on light field and wavefront phase imaging software that captures comprehensive information about light, utilizing the full resolution of sensors. Wooptix's platform enables the three-dimensional modulation of images, allowing for higher data points at elevated frame rates in volumetric images and videos. This technology facilitates enhanced image quality and advanced post-processing capabilities, providing users with innovative ways to interact with and visualize their environments. Wooptix aims to improve human experiences through its cutting-edge imaging solutions.

PsiQuantum

Series C in 2021
PsiQuantum specializes in developing utility-scale quantum computers using photonic qubits, aiming to tackle complex global challenges across sectors such as climate, healthcare, finance, and transportation. The company's unique approach involves manufacturing quantum chips in a leading semiconductor fab, positioning it to deliver fault-tolerant, general-purpose quantum computing 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, transforms classical high-k metal-gate transistors into nonvolatile ferroelectric field effect transistors, allowing for easy scaling of microcontrollers from 65nm down to 5nm and beyond. FMC's solutions offer significant advantages, including a 80% reduction in system-on-chip (SoC) cost, a 1000x reduction in write energy per bit, and a 70% overall performance gain. The company's technology is designed to be compatible with cutting-edge technology nodes, making it a future-proof solution for the semiconductor industry.

Floadia

Series C in 2020
Floadia Corporation is a Tokyo-based company established in 2011 that specializes in the development, licensing, and sale of semiconductor intellectual property, particularly focused on embedded non-volatile memory solutions. With a strong engineering team comprising former employees from Renesas, Floadia leverages extensive experience in embedded FLASH technology to deliver innovative low-power memory chips. The company's products are designed for diverse applications, including Internet of Things devices, automobiles, smartphones, and smart cards. Floadia's offerings not only reduce manufacturing costs but also enhance power efficiency and boast auto-grade heat endurance capabilities, making them suitable for a variety of demanding environments. In addition to its product portfolio, Floadia also provides technology consulting services to its clients.

Hprobe

Seed Round in 2020
Hprobe SA is a French company established in 2017, specializing in the design and construction of automated wafer-level magnetic test solutions. Based in Eybens, the company develops a three-dimensional magnetic field generator that enables the characterization and testing of various magnetic devices and sensors, including Magnetic Tunnel Junctions, STT MRAM, and TMR sensors. Hprobe's innovative equipment and software facilitate wafer prober testing automation, catering to the needs of the semiconductor industry, particularly in spintronics-based applications. This technology provides customers with efficient testing solutions critical for mass production and the development of embedded memory technologies in system-on-chip designs.

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 is a Tokyo-based company established in 2011 that specializes in the development, licensing, and sale of semiconductor intellectual property, particularly focused on embedded non-volatile memory solutions. With a strong engineering team comprising former employees from Renesas, Floadia leverages extensive experience in embedded FLASH technology to deliver innovative low-power memory chips. The company's products are designed for diverse applications, including Internet of Things devices, automobiles, smartphones, and smart cards. Floadia's offerings not only reduce manufacturing costs but also enhance power efficiency and boast auto-grade heat endurance capabilities, making them suitable for a variety of demanding environments. In addition to its product portfolio, Floadia also provides technology consulting services to its clients.

NuMat Technologies

Series B in 2018
NuMat Technologies, Inc. is a technology company based in Skokie, Illinois, specializing in the design and integration of atomically engineered materials for gas delivery, separation, and purification systems. Utilizing metal-organic frameworks (MOFs), which are nanoporous materials that can selectively interact with targeted gases and chemicals, NuMat develops advanced solutions like ION-X for the sub-atmospheric storage and delivery of hazardous implant gases. The company aims to revolutionize precision engineering by creating molecularly programmed systems that enhance resource creation and utilization. Its comprehensive platform combines material discovery software with rapid prototyping and system integration, catering to clients in sectors such as chemicals, industrials, electronics, and life sciences, thereby enabling them to meet their innovation and sustainability goals. Founded in 2012, NuMat Technologies is committed to unlocking new performance levels and production economics in its field.

Qromis

Venture Round in 2018
Qromis is a designer and manufacturer specializing in light emitters, switches, rectifiers, and monolithic circuits. The company focuses on developing fabless technology aimed at reducing global energy use and consumption. Qromis offers a range of products, including power electronics, light-emitting diodes (LEDs), advanced displays, and radio frequency electronics, tailored for high-performance and energy-efficient applications. This technology enables enterprises to achieve exceptional cost-effectiveness, enhanced performance, and scalability across various applications.

Light Polymers

Series B in 2017
Light Polymers Inc. is a polymers and materials company specializing in the synthesis and formulation of solutions based on self-aligning lyotropic liquid crystals. Founded in 2006 and headquartered in South San Francisco, California, with research and development capabilities in Silicon Valley and an applications center in Taiwan, the company focuses on applications in flat panel displays, LED lighting, smart glass, solar energy, flexible printed circuit films, and horticultural lighting. Light Polymers aims to address challenges faced in the flat panel display industry, particularly in the production of optical film polarizers, by providing innovative, thin, and cost-effective polarizers that enhance brightness and maintain high-definition display quality. Their materials are designed to streamline manufacturing processes, eliminate traditional bottlenecks, and meet the growing demand for ultra-high-resolution displays while minimizing power consumption.

Floadia

Series B in 2017
Floadia Corporation is a Tokyo-based company established in 2011 that specializes in the development, licensing, and sale of semiconductor intellectual property, particularly focused on embedded non-volatile memory solutions. With a strong engineering team comprising former employees from Renesas, Floadia leverages extensive experience in embedded FLASH technology to deliver innovative low-power memory chips. The company's products are designed for diverse applications, including Internet of Things devices, automobiles, smartphones, and smart cards. Floadia's offerings not only reduce manufacturing costs but also enhance power efficiency and boast auto-grade heat endurance capabilities, making them suitable for a variety of demanding environments. In addition to its product portfolio, Floadia also provides technology consulting services to its clients.

Applied Nanolayers

Venture Round in 2015
Applied Nanolayers B.V. is a company based in Delft, the Netherlands, that specializes in the production and application development of graphene. Founded by Paul Hedges and Richard Rijn, the company operates a wafer-scale foundry that integrates 2D materials with traditional silicon device manufacturing. Its fully automated processes facilitate the growth and integration of high-quality graphene, allowing researchers to explore and develop innovative devices and applications. Through its advanced foundry solutions, Applied Nanolayers aims to enhance existing high-volume silicon production by incorporating new functionalities.

MIOX

Venture Round in 2013
MIOX Corporation, founded in 1994 and headquartered in Albuquerque, New Mexico, specializes in the design and manufacture of on-site generators for water disinfection. The company's product offerings include mixed oxidant solutions, mobile chemical-free disinfection systems, and self-cleaning on-site generators. MIOX technologies are utilized across various sectors, including drinking water treatment, wastewater treatment for municipalities and industrial processes, industrial cooling towers, and oil and gas water treatment, including recycling. Additionally, MIOX products serve applications in the food and beverage industry, commercial swimming pools, and legionella prevention in facilities such as hotels, casinos, universities, and hospitals. MIOX operates as a subsidiary of Industrie De Nora S.p.A.

EnerVault

Series B in 2012
EnerVault Corporation, established in 2008 and headquartered in Sunnyvale, California, specializes in large-scale energy storage solutions tailored for renewable energy, utility, grid, commercial, and industrial applications. The company employs patented iron-chromium redox flow battery technology, which offers a safe, reliable, and cost-effective means for customers to manage and reduce long-term energy costs. EnerVault’s systems are designed to deliver significant value through their highly configurable technology, enabling clients to maximize returns on their energy generation and distribution investments.

EnerVault

Venture Round in 2012
EnerVault Corporation, established in 2008 and headquartered in Sunnyvale, California, specializes in large-scale energy storage solutions tailored for renewable energy, utility, grid, commercial, and industrial applications. The company employs patented iron-chromium redox flow battery technology, which offers a safe, reliable, and cost-effective means for customers to manage and reduce long-term energy costs. EnerVault’s systems are designed to deliver significant value through their highly configurable technology, enabling clients to maximize returns on their energy generation and distribution investments.

Vista Therapeutics

Venture Round in 2009
Vista Therapeutics, Inc. develops advanced nanotechnology aimed at multiplex biomarker measurement, offering a range of innovative products and systems. Key offerings include the NanoBioSensor platform for real-time detection of biomarkers and single viral particles, continuous plasma separation devices, and Vista Nanocard, which provides analysis from various sample types like blood, urine, and cellular growth media. The company also produces sample preparation kits and handheld reading devices, catering to diverse applications such as pharmacokinetic studies, kidney dialysis optimization, and monitoring of critically ill patients. Founded in 2007 and headquartered in Santa Fe, New Mexico, Vista Therapeutics also maintains a facility in Cambridge, Massachusetts, and engages in 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. is a company based in Austin, Texas, that specializes in the manufacture of imprint and lithography systems designed for creating nanometer-scale surface relief structures. Founded in 2001 as a spin-off from the University of Texas, the company has developed a robust portfolio of over 100 patents related to imprint tools, materials, and process technologies. Its core technology, Jet and Flash Imprint Lithography, utilizes an advanced Drop Pattern Generation System to enable precise deposition of photoresist on substrates in extremely small quantities, facilitating the consistent nanoimprinting of features down to 10 nanometers. This innovative approach caters to various high-tech industries, including displays, life sciences, and light-emitting diodes, by providing cost-effective solutions for nanopatterning applications.

NanoGram

Series C in 2008
NanoGram Corporation is a nanotechnology company that develops and manufactures products for advanced applications in photovoltaics, electronics, and displays. It offers a customized application-specific nanotechnology platform that provides tailored nanoscale compositions for various industries, including optical, electronic, imaging, biomedical, and energy sectors. The company has successfully incubated and spun out two notable entities, NeoPhotonics and NanoGram Devices. With offices in Tokyo and Seoul, NanoGram enhances its presence in Asia through strategic partnerships, including a collaboration with Nagase & Co., Ltd/Nagase ChemteX Corporation, facilitating development and manufacturing supply relationships in Japan and addressing expanding market opportunities in Korea.
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