Hitachi Ventures Launches a $400 Million Fund to Back Emerging Tech in Energy, AI, Biotech, and Manufacturing

This fund shows the company’s continued focus on deep tech, in line with the goals of its parent company, Hitachi. It follows recent funds like Cherry Fund V and Shift4Good.

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Focus on Early-Stage Investments

Hitachi Ventures is focused on Series A investments, which it sees as its "sweet spot." Even though it’s part of Hitachi, the venture arm makes its own decisions. It follows a traditional VC model, where an internal committee decides on investments without needing approval from Hitachi.

Stefan Gabriel, managing director and CEO of Hitachi Ventures, highlighted a clear focus on groundbreaking technologies. “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,”.

Keiji Kojima, President and CEO of Hitachi, Ltd. said: “Hitachi’s efforts in CVC, which began in 2019 with 150 million USD, have expanded to 1 billion USD in 5 years, driven in part by the disruptive innovation brought about by Generative AI. With technology trends shifting at an unprecedented speed, it is important to identify the next global change point while leveraging the external ecosystem in addition to developing cutting-edge technologies through R&D, for further growth of the Social Innovation Business. We hope that the establishment of the fourth fund will accelerate our quest for new growth opportunities.”

About Hitachi Ventures

Hitachi Ventures is the venture capital branch of Hitachi Group, a global company involved in many tech sectors. It invests in innovative companies that tackle important technological, social, and environmental challenges in areas like mobility, health, industry, energy, IT, and new technologies.