Hitachi, Ltd. announced the establishment of a third fund for Hitachi Ventures (HV), the global corporate venture capital arm of Hitachi, for the purpose of accelerating innovation and initiating new business opportunities in the digital domain.
The fund will begin with a size of $ 300m, and will make strategic investments in startups driving the latest digital trends including Web3 and generative AI technologies.
The newly established third fund will expand investments in startups that take on the challenge of advanced business models and digital economy building on new trends such as Web3 technology, as well as startups with technology such as AI, blockchain, cloud computing, 5G/6G and VR and new services models. Through such investments, the fund will facilitate the creation of digital innovation and the social implementation of these technologies and will contribute to the enhancement of customers’ business activities, improvement of daily life experiences, and sustainable growth.
Since being founded in June 2019, Hitachi established HV and launched the first fund in June 2019 and the second fund in October 2021. The arm currently manages a portfolio with 21 startups contributing to digital transformation, carbon-free society, and wellbeing out of the two funds, providing new value for customers. Both funds have supported the growth of the startups through capital and collaboration with Hitachi businesses.
With offices in Germany and United States, HV covers Europe, Israel and North America.
FinSMEs
21/04/2023