Hitachi Ventures earned $ 400 million for the fourth fund, the firm exclusively informed TechCrunch.
The size of the new fund is the vote of confidence in a vertical range of Deep Tech. The wide portfolio of the corporate VC is duplicated with its limited partner, including energy, production, biotech and AI.
“We are open to other breakthrough opportunities,” Managing Director and CEO Stepan Gabriel says. “There is a lot around quantum, nuclear, life science, space tech. Not too broad – we have a clear view of what makes us excited in these regions. “
Hitchi initiative Focus on investments in the series will continue. “It’s still sweet spot,” Partner Gaythree Radhakrishnan says. Partner and CFO Wolfgang Cybold says its first investment in an organization will be about $ 5 million on average and saving about 55% of its capital for the opportunity to follow funds.
Although it has been named to the Japanese company, the Munich-based Hitachi Ventures Corporate VC is somewhat outleter in the world. It is a more common initiative fund, like a structural, Gabriel, saying Hitachi is acting as a single LP. The investment committee is comprised of the firm’s partners, and their corporate approval does not have to run their potential investment, Pitt BusTien, partner and president of the farm’s US activity.
However, the fund still works closely with Hitachi, he added that the portfolio companies are in part to help understand what potential future customers are looking for. Like other CVCs, Hitachi Ventures do not promise that it can land deals for portfolio companies, but it can play a key role.
“We can put you in front of Hitachi, but your product needs to be sold yourself,” said Radhakrishnan.
And like other CVCs, Hitachi acts as a Ventures Scout, Radhakrishnan said, by shaking through pitch to find small companies and technologies that adapt to the business of his corporate partners.
Hitachi initiatives are previously investing different vertical. In terms of energy, it has invested the battery recycling climbing ingredients, fusion startup Thia Energy and WAS invested in energy constituencies from water. Its AI investment is turning to workplace applications, including EMA, which focus on enterprise workflies; Strikedi, which covers cybersicure; And the makersite, which uses AI to improve the supply chains.