The firm has a diverse portfolio, with investments in energy companies like Ascend Elements and Thea Energy, and AI-focused firms such as Ema and Strikeready. Hitachi Ventures acts as a scout for smaller companies and technologies that align with Hitachi's business interests, offering introductions but not guaranteeing deals. The firm is open to exploring opportunities in emerging fields like quantum and space tech.
Key takeaways:
- Hitachi Ventures secured $400 million for a fourth fund, focusing on deep tech verticals like energy, manufacturing, biotech, and AI.
- The firm will continue to focus on Series A investments, with initial investments averaging around $5 million and 55% of capital reserved for follow-on opportunities.
- Though structured like a typical venture fund, Hitachi Ventures works closely with its corporate affiliate to help portfolio companies understand potential customer needs.
- Hitachi Ventures has made diverse investments in energy, AI, and other sectors, including companies like Ascend Elements, Thea Energy, and Makersite.