~Wellness Equity – Toward a Society Where Everyone Can Live Better~
Tokyo, November 15, 2024 – SIIF Impact Capital, Inc. (SIIFIC) has announced the signing of a Limited Partnership Agreement with the Higo Bank, Ltd. (Higo Bank), a regional bank dedicated to advancing impact-driven sustainable finance that addresses environmental and social issues for resilient regional communities. Through this agreement, Higo Bank has committed JPY 500 million to the SIIFIC Wellness Fund, bringing fund’s total size to over JPY 3.5 billion.
Commitment from Higo Bank Strengthens Fund for Greater Impact
With this new commitment from Higo Bank, the SIIFIC Wellness Fund has further expanded, surpassing the JPY 3.5 billion threshold as of today’s signing. The fund, established in March 2024, secured previous commitments from the Organization for Small & Medium Enterprises and Regional Innovation JAPAN, Japan Post Insurance Co., Ltd., Teikoku Seiyaku Co., Ltd., Keio University, SIIF, Tokio Marine & Nichido Fire Insurance Co., Ltd., and Kaneto Capital Management Pte. Ltd..
Towards a Society Where Everyone Can Live Better
With an impact goal of “Wellness Equity” – a society where everyone can live better – SIIFIC Wellness Fund is committed to accelerating investments in innovative startups that generate both financial returns and measurable social impact. This recent expansion in fund size reinforces our support for high-impact wellness sector startups.
SIIFIC’s Representative Partners, Kazu Umeda and Reiri Miura, commented, “With this investment from Higo Bank, we are better positioned than ever to support the growth of wellness-focused startups. SIIFIC remains steadfast in our mission to advance a society where everyone can live better through impactful investment initiatives.”
About SIIFIC Wellness Fund
The SIIFIC Wellness Fund is managed by SIIFIC Limited Liability Partnership (SIIFIC LLP), a partnership of Kazu Umeda, Reiri Miura, SIIFIC, and SIIF. Launched in June 2023, the Fund has garnered commitments from a strong network of investors, including the Organization for Small & Medium Enterprises and Regional Innovation, Japan, Japan Post Insurance Co., Ltd., Teikoku Seiyaku Co., Ltd., Higo Bank, Ltd., Keio University, SIIF, Tokio Marine & Nichido Fire Insurance Co., Ltd., Kaneto Capital Management Pte. Ltd., and others. The Fund focuses on investments in innovative wellness impact startups across seed, early, and pre-IPO stages.
About SIIFIC
SIIF Impact Capital, Inc. (SIIFIC) is a Tokyo-based impact venture capital firm founded in September 2022 by Kazu Umeda and Reiri Miura. Dedicated to advancing systemic change in the wellness sector, SIIFIC leverages impact-driven investment to promote transformative wellness solutions.