Hitachi Ventures
Hitachi Ventures is the global corporate venture capital arm of Japan's Hitachi group, operationally headquartered in Munich with offices in Palo Alto, Boston and Bengaluru. Founded in June 2019 with Hitachi as sole limited partner, it invests primarily at Series A/B (average initial checks around 5 million USD, reserving roughly 55 percent for follow-ons) across four themes: HV Digital (AI and advanced computing), HV Industrial (Industry 4.0), HV Environment (decarbonization and circular economy) and HV Healthcare (techbio). By 2025 it managed four funds totalling about 1 billion USD in assets and a portfolio of over 50 startups, several of which reached unicorn status.
Key facts
Recent exits
Coverage notes
4 funds tracked, 49 portfolio companies (46 active · 3 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
49 companiesFunds & portfolio
Every fund Hitachi Ventures has raised, with its portfolio companies. Hand-checked from public filings.
Hitachi Ventures Fund IVVC2025 · 1yr€370M17 active · 1 realized
Unrealized
17 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Energy |  US | 2025 | |
| Business Services | US | 2025 | |
| Software | US | 2025 | |
| Deep Tech | US | 2025 | |
| AI/ML | US | 2026 | |
| AI/ML | US | 2026 | |
| Energy | India | 2026 | |
| AI/ML | US | 2026 | |
| Energy | Australia | 2025 | |
| Deep Tech |  Netherlands | 2026 | |
| Deep Tech | US | 2025 | |
| DevTools | US | 2025 | |
| Data & Analytics | US | 2025 | |
| Cybersecurity | US | 2025 | |
| Energy |  UK | 2026 | |
| Energy | Netherlands | 2025 | |
| AI/ML | Canada | 2025 |
US· Entry 2025US· Entry 2025US· Entry 2025US· Entry 2025US· Entry 2026US· Entry 2026US· Entry 2026Netherlands· Entry 2026US· Entry 2025US· Entry 2025US· Entry 2025US· Entry 2025UK· Entry 2026Netherlands· Entry 2025Hitachi Ventures Fund IIIVC2023 · 3yr€275M17 active · 1 realized
Unrealized
17 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Deep Tech | US | 2024 | |
| TMT | US | 2023 | |
| Biotech |  France | 2025 | |
| ClimateTech | US | 2023 | |
| Biotech | France | 2024 | |
| Industrials | Canada | 2024 | |
| Software | US | 2024 | |
| Fintech | Australia | 2024 | |
| Software | US | 2024 | |
| Biotech | US | 2023 | |
| Biotech | UK | 2024 | |
| ClimateTech | Australia | 2024 | |
| Deep Tech | US | 2023 | |
| Software | US | 2024 | |
| Energy | US | 2024 | |
| AI/ML | US | 2024 | |
| ClimateTech | UK | 2024 |
US· Entry 2024US· Entry 2023France· Entry 2025US· Entry 2023France· Entry 2024US· Entry 2024US· Entry 2024US· Entry 2023UK· Entry 2024US· Entry 2023US· Entry 2024US· Entry 2024US· Entry 2024UK· Entry 2024Hitachi Ventures Fund IIVC2021 · 5yr€130M8 active
Unrealized
8 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Biotech | US | 2022 | |
| Energy | US | 2022 | |
| ClimateTech | UK | 2022 | |
| SaaS |  Germany | 2022 | |
| MedTech | US | 2022 | |
| Biotech | Australia | 2021 | |
| HealthTech | US | 2022 | |
| Software | US | 2022 |
US· Entry 2022US· Entry 2022UK· Entry 2022Germany· Entry 2022US· Entry 2022US· Entry 2022US· Entry 2022Hitachi Ventures Fund IVC2019 · 7yr€135M4 active · 1 realized
Unrealized
4 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| HealthTech | UK | 2021 | |
| Industrials | US | 2021 | |
| Software | US | 2021 | |
| AgTech | US | 2020 |
UK· Entry 2021US· Entry 2021US· Entry 2021US· Entry 2020Realized
1 exit| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Biotech |  Switzerland | 2020 | 2021 | IPO | – | – |
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