HV Fund by Hitachi Ventures

HV Fund by Hitachi Ventures is the corporate venture capital arm of Hitachi, established in June 2019, focusing on investing in innovative startups to drive digital transformation and new business creation. The fund has a total of $1 billion in assets under management, with its latest fund, HV Fund IV, launched in February 2025, amounting to $400 million. This fund aims to identify startups with the potential to create or disrupt large markets, anticipate technological and social turning points, and generate future growth opportunities. It targets startups in cutting-edge digital technologies such as data centers, distributed energy systems, future of work, industrial AI, and new frontiers including bio, quantum, nuclear fusion, life sciences, and space technologies. The fund has a portfolio of 38 companies, including newly born unicorns that meet the criteria of more than $1 billion in valuation and within 10 years of establishment. About half of this portfolio has already begun collaborating with Hitachi’s business units and group companies, contributing to accelerated implementation of cutting-edge technologies and business models. By leveraging these achievements under a world-class CVC investment scale, combined with the development of cutting-edge technologies through its own R&D, Hitachi anticipates the latest transitions in technology and society, linking them to business creation, thus achieving sustainable growth. The fund operates globally, with offices in Munich, Germany, and Boston and Palo Alto, USA, covering Europe, Israel, and North America. Its investment areas span from environmental technology and circular economy solutions to energy, mobility, AI, digital technologies, industrial automation, and life sciences. Through open innovation with startups that share the same aspiration to contribute to society, HV Fund aims to create new values that leverage cutting-edge technologies and further accelerate business growth in the areas of the environment, resilience, and security & safety, which are Hitachi's key areas of focus, as well as the global expansion of its Social Innovation Business. The fund's strategy includes supporting collaboration and strategic dialogue with Hitachi's businesses globally, providing new value for customers and contributing to digital transformation, carbon-free society, and wellbeing. By investing in innovative startups and collaborating with them, HV Fund aims to drive sustainable growth and contribute to the innovation ecosystem of startups globally.

In summary, HV Fund by Hitachi Ventures is a corporate venture capital arm of Hitachi, established in June 2019, focusing on investing in innovative startups to drive digital transformation and new business creation. With a total of $1 billion in assets under management, the fund operates globally, targeting startups in cutting-edge digital technologies and new frontiers, and aims to create new values that leverage cutting-edge technologies and further accelerate business growth in the areas of the environment, resilience, and security & safety, which are Hitachi's key areas of focus, as well as the global expansion of its Social Innovation Business. Through open innovation with startups that share the same aspiration to contribute to society, HV Fund aims to create new values that leverage cutting-edge technologies and further accelerate business growth in the areas of the environment, resilience, and security & safety, which are Hitachi's key areas of focus, as well as the global expansion of its Social Innovation Business.