E12 Ventures

E12 Ventures is a Palo Alto-based early-stage venture capital firm formed as a joint venture between Mitsui & Co. Global Investment (MGI) and Morado Ventures. The firm invests in early-stage companies tackling the most pressing challenges facing global industries, with a focus on emerging technologies — AI, Deep Learning, IoT, and Robotics — applied across Climate Tech, AgTech, FoodTech, HealthTech, FinTech, and Logistics/Supply Chain. E12 believes that 'Machine Intelligence will accelerate even further the importance of data to AI,' and seeks to back companies poised to exploit the changing compute and data environment to rapidly build machine intelligence technologies. The firm combines Morado Ventures' unparalleled early-stage network and AI/data-driven technology expertise with MGI's access to global business clients, operations, and development resources. E12 Fund I closed at $105 million with backing from major Japanese corporates including Mitsui & Co., Nitto Denko, Mitsubishi Pencil, and Norinchukin Bank. It operates like a traditional VC in terms of streamlined decision-making and incentives, while offering portfolio companies significant access to additional technology resources and capital through its global LP base.