Hitachi Ventures received $ 400 million for a fourth fund, and the company TECHRUNCH expressed exclusively.
The size of the new box is a confidence vote in a group of deep technical vertical. The VC’s sprawling portfolio mimics the company from its limited partner, including energy, manufacturing, biotechnology and AI.
“We are open to other hacking opportunities,” said Stefan Gabriel, CEO and CEO. “There is a lot about quantity, nuclear, life sciences and space technology. Not too wide – we have a clear vision about what excites us in these areas.”
Hitachi Ventures You will continue to focus on the chain A. Investments. “This is still the beautiful place.” The partner, Wolfgang Sibold, said its first investment in the company will reach about 5 million dollars, and the fund maintains about 55 % of its capital for follow -up.
Although it takes its name from the Japanese bloc, the Munich -based Hitachi Ventures is a little strange in the VC world for companies. Gabriel said he was organized as an organizer like a typical project fund, where Hitachi was like a single LP. Beit Bastian, a partner and head of the American operations of the company, said that the investment committee consists of the company’s partners, and they do not have to make possible investments after companies affiliated with companies.
He added that the fund is still working closely with Hitachi, partly to help the governor’s companies understand what a possible future customer is looking for. Like other CVCs, Hitachi Ventures is not considered to have deals for governor companies, but they can offer major introductions.
“We can put you in front of Hitachi, but your product needs to sell himself,” said Radkrichnan.
Like other CVCs, Hitachi Ventures is the scout, said Radhaichnan, who wanders in the stadiums to find smaller companies and technologies suitable for the business of its partner in companies.
Hitachi Ventures previous investments extend over a group of vertical. On the energy side, it has invested in the Ascend Recycler batteries, and the start of the Fusion The Energy, and Wase, a company from wastewater to energy. Artificial intelligence investments tend to workplace applications, including EMA, which focuses on the functioning of institutions; Strikeready, which covers cybersecurity; Makersite, which uses artificial intelligence to improve supply chains.
