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E12 Ventures is a new venture capital firm established through a joint venture partnership between MGI (Mitsui & Co. Global Investment), a venture investment subsidiary of Mitsui & Co., Ltd., and Morado Ventures LLC, a seed-stage venture capital firm with a successful track record across multiple funds since 2010.
E12 Ventures manages the fund as the general partner, and invests in early-stage startups primarily headquartered in the United States.
The firm will leverage Mitsui's diverse industrial expertise and global network and Morado Ventures' extensive investing experience and entrepreneur-VC connections across both hardware and software industries.
The fund's primary investment focuses include Climate Tech, AgTech, FoodTech, Digital Health, and FinTech. “With Mitsui’s global reach and industrial experience along with Morado’s tech industry reach and operational experience, E12 can offer truly differentiated value to startups that are looking for more than just capital from their investors,” said Ash Patel, Co-Managing Partner of E12 Ventures.
“MGI has built a deep relationship with Morado over time. We are thrilled to be able to elevate the potential of our partnership through E12 Ventures to create unique value to startups and investors” said Sunao Nishimura, Co-Managing Partner of E12 Ventures.E12’s Limited Partners; are Mitsui & Co., Ltd., The Norinchukin Bank, Mitsubishi Pencil Company, Limited and Nitto Denko Corporation.
The Fund was formed in November 2022 and is managed by E12 Ventures. The Limited Partners have delegates residing in the San Francisco Bay Area, who will explore ideas for new business opportunities through close collaboration with E12 Ventures in their respective focus areas.