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Hitachi Ventures has raised $ 400 million for a fourth fund, the company told Techcrunch.
The size of the new fund is the vote of deep technological vertical trust. The corporate venture capital portfolio is imitated by its limited partner, including energy, production, Biotech and AI.
“We are open to other breakthroughs,” said Stefan Gabriel Managing Director and CEO. “There are a lot about quantum, nuclear, life science, space technology. Not too wide – we have a clear opinion about what excites us in these areas. ”
Hitachi businesses He continues to focus on investing in the series. “It’s still a sweet place,” said Gayathri Radhakrishnan. Investing in the first company will take an average of about $ 5 million and reserves about 55% of the fund’s capital, “said Wolfgang Seibold.
Although it takes its name from the Japanese conglomerate, Hitachi Ventures, based in Munich, goes slightly beyond the corporate VC world. Gabriel said he was more like a typical risk basis and serves as a Solo LP Hitachi. The Investment Committee consists of the company’s partners and there is no need to invest in its corporate subsidiary, said Pete Bastien, partner and president of the company’s US operations.
But the fund continues to work closely with Hitachi, he added, in part to help portfolio companies to understand what a potential future client is looking for. Like other CVCs, the Hitachi Ventures does not promise that portfolio can also agree on companies, but can make key introductions.
“We can put you in front of Hitachi, but your product has to sell,” said Radhakrishnan.
And like other CVCs, Hitachi Ventures serves as a scout, said Radhakrishnan, scrubbing through tracks to find smaller companies and technologies that meet the business partner’s businesses.
The Hitachi Ventures maintains the vertical range of previous investments. On the energy side, he invested in battery recycling elements, Fusion Startup Thea Energy and Wase, an energy. AI investments toward workplaces, including EMA, focus on corporate workflows; Strikeready, which covers cyber security; And the Makersite, which uses AI to improve supply chains.
