Munich-based VC Hitachi Ventures, the global venture capital arm of Hitachi Group, has raised a $400 million fund, bringing its total AUM to $1 billion. The fund will continue to support Series A startups with cutting-edge digital technologies across various sectors.
- Founded in 2019, Hitachi Ventures is Hitachi's corporate venture capital arm, with offices in Munich, Palo Alto, and Boston. The firm invests in early-stage and growth-stage tech companies and supports a portfolio of 38 startups. About half of these startups are already collaborating with Hitachi’s business units.
- Notable portfolio companies include Makersite, which uses AI to improve sustainable product and supply chain decisions; Captura, specializing in carbon dioxide removal technology; and Archetype AI, whose Newton model helps developers build solutions with real-world sensor data.
- In 2023, Hitachi Ventures launched a $300 million fund, double the size of its previous ones, focused on investing in startups shaping digital trends like Web3 and generative AI.
- HV Fund IV plans to invest around $5 million, with approximately 55% of its capital reserved for follow-on opportunities in startups working on cutting-edge digital technologies, such as data centres, industrial AI, and the future of work. The fund also targets emerging fields like biotech, quantum computing, nuclear fusion, life sciences, and space technologies.
"Under the next Mid-term Management Plan currently being formulated, Hitachi will accelerate its progress toward becoming a global leader in Social Innovation Business by achieving "True One Hitachi" with digital at its core," explains Toshiaki Tokunaga, Representative Executive Officer and Executive Vice President, Hitachi.
- The new fund received backing from Hitachi, the parent company of Hitachi Ventures. Hitachi is committed to building a sustainable society through its Social Innovation Business, applying data and technology across three sectors: Digital Systems & Services, Green Energy & Mobility, and Connective Industries.
"We are very grateful for the trust and support from Hitachi’s executives committing a fourth Hitachi Ventures fund. This will greatly accelerate the transition of Hitachi and its customers in their transformation journey and help build and grow businesses, collaborate and innovate with selected Unicorns of tomorrow," CEO and Managing Director at Hitachi Ventures, Stefan Gabriel, stated.
