Chubu Electric Power (Chuden), headquartered in Nagoya City, Aichi Prefecture, announced on February 27, 2020 that it had decided to invest in the Pitango Healthtech Fund, which was established in 2019 by Pitango Venture Capital, a leading Israeli venture capital firm.

Pitango Venture Capital has knowledge of the Israeli start-up ecosystem and has invested more than 200 companies. The Pitango Healthtech Fund will target Israeli startups in the intersection of healthcare and technology, particularly Artificial Intelligence (AI) and Internet of Things (IoT).

The investment will be made from the Chubu Electric Community Support Fund, an internal fund established in April 2019 in order to speed up investments in venture companies and venture investment funds with advanced technologies and innovative business models. It is the first time that the Chubu Electric Community Support Fund has invested in a venture investment fund.

Chuden will continue to build relationships with Israeli companies with advanced AI and IoT technologies in order to adopt cutting edge technologies and build community support infrastructure.[1]

[1] https://www.chuden.co.jp/corporate/publicity/pub_release/press/3272536_21432.html