Advance Composite adds Toa Denki Kogyo to Series B backers
What's the deal? Advance Composite, a Shizuoka-based developer of metal matrix composite materials, has raised Series B funding from Toa Denki KogyoDealroom has a profile for this one. Try Dealroom →. The investment adds the Tokyo electronics firm to a shareholder roster that already spans semiconductors, materials, and media.
What does the company do? Founded in 2015, Advance Composite uses a proprietary "molten metal forging" method to combine aluminium and other metals with ceramics and graphite. The result: materials that pair high thermal conductivity, light weight, high rigidity, and low thermal expansion — properties that are hard to achieve in a single material.
These composites are being adopted across automotive, semiconductor manufacturing equipment, AI and data centres, air conditioning, and power semiconductors, where thermal management and lightweighting matter most.
What's the money for? The company plans to combine its materials design and manufacturing know-how with Toa Denki KogyoDealroom has a profile for this one. Try Dealroom →'s industrial networks to open new applications and accelerate business expansion at home and abroad.
Who's the investor? Founded in 1947, Toa Denki Kogyo trades in electronic and electrical materials, components, and industrial materials across automotive, semiconductor, factory automation, and renewable energy sectors.
Takaji Fujita, its director and head of sales development, called the investment "very significant," adding that the two firms would fuse "its excellent materials technology and our network and manufacturing know-how" to create value for a sustainable society (translated from Japanese).
Who else is backing it? Advance Composite's shareholders include Environmental Energy InvestmentDealroom has a profile for this one. Try Dealroom →, Kyoto University Innovation CapitalDealroom has a profile for this one. Try Dealroom →, Shin-Etsu ChemicalDealroom has a profile for this one. Try Dealroom →, TEL Venture CapitalDealroom has a profile for this one. Try Dealroom → (Tokyo ElectronDealroom has a profile for this one. Try Dealroom →'s CVC), Daikin IndustriesDealroom has a profile for this one. Try Dealroom →, Dentsu GroupDealroom has a profile for this one. Try Dealroom →, TV Asahi HoldingsDealroom has a profile for this one. Try Dealroom →, and Suzuyo ShojiDealroom has a profile for this one. Try Dealroom →. The mix reaches across venture capital, universities, and corporates in semiconductors, materials, air conditioning, media, and trading.
The signal: The round shows corporate strategics deepening ties with advanced materials startups as demand for thermal management grows in AI, data centres, and power semiconductors. For Advance Composite, adding another industrial partner is a quick step toward putting its niche technology into wider production.
Read more: prtimes.jp
Image credit: Generated with Gemini
