Hitachi Targets $400M for Fourth Corporate VC Fund

Hitachi is aiming to raise its largest managed corporate venture capital (CVC) fund with the launch of the fourth fund under the management of its CVC arm, Hitachi Ventures.

The Japanese industrial conglomerate is looking to increase its CVC investment to $1B with a $400M target for the fourth fund, HV Fund IV. The fund will be formally established on April 1, according to a February 5 news release. The fund's predecessor, HV Fund III, had a $300M target.

The fund will target innovative startups with cutting-edge technologies such as data centers, distributed energy systems, future of work and industrial artificial intelligence. It is also looking to invest in innovators of bio, quantum, nuclear fusion, life science, space and adjacent technologies. Through the investment vehicle, Hitachi said it is looking to further grow its exposure to innovative startups that have the potential to be market changers.

Hitachi Ventures oversees a portfolio of 38 companies spanning over 15 countries, including product lifecycle intelligence software developer Makersite, advanced engineered carbon dioxide removal technology company Captura, and physical AI company Archetype AI.

Written By: Dakota

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Hitachi Targets $400M for Fourth Corporate VC Fund

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