Hitachi Ventures has secured $400 million for its fourth fund, showcasing a commitment to deep tech fields like energy, biotech, AI, and emerging technologies such as quantum and nuclear. The firm focuses primarily on Series A investments, averaging around $5 million per company while reserving 55% of its capital for follow-on rounds. Unlike some corporate VCs, Hitachi Ventures operates similarly to a traditional venture fund and allows its partners to make independent decisions while fostering connections with its corporate parent to help portfolio companies reach potential customers.
"We are open to other breakthrough opportunities... There's a lot around quantum, nuclear, life science, space tech. Not too broad - we have a clear view on what excites us in these areas."
"Though it takes its name from the Japanese conglomerate, Munich-based Hitachi Ventures is a bit of an outlier in the corporate VC world..."
"We can put you in front of Hitachi, but your product needs to sell itself."
"That is still the sweet spot... Its first investments in a company will average around $5 million, and the fund is reserving around 55% of its capital for follow-on opportunities."
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