~ Pursuing Wellness Equity – A Society Where Everyone Can Live Better ~
Tokyo, March 18, 2024 – SIIF Impact Capital Co., Ltd. (SIIFIC) has announced the signing of a Limited Partnership Agreement, securing an investment of 1.5 billion yen from the Organization for Small & Medium Enterprises and Regional Innovation, JAPAN (SME Support, Japan). This investment brings the SIIFIC Wellness Fund’s total size to over 3 billion yen.
Investments from SME Support, Japan and KANETO CAPITAL MANAGEMENT
Today, the SIIFIC Wellness Fund has secured an investment of 1.5 billion yen from SME Support, Japan, formalized through a partnership agreement. Additionally, we are pleased to welcome an investment from KANETO CAPITAL MANAGEMENT PTE. LTD., a family office based in Singapore. As a result of this transaction, the total fund size has surpassed the 3 billion yen mark.
The SIIFIC Wellness Fund was launched in June 2023. Its limited partners include Japan Post Insurance Co., Ltd., Teikoku Seiyaku Co., Ltd., Keio University, the Social Innovation and Investment Foundation and others. The fund completed its first close at approximately 1.5 billion yen in August last year.
In pursuit of Wellness Equity
The SIIFIC Wellness Fund, with its impact goal of “Wellness Equity,” is in pursuit of a society where everyone can live better. The expansion of the fund size will accelerate investment activities in startups that create both financial returns and social impact simultaneously.
Founding partners Kazu Umeda and Reiri Miura commented, “This investment from SME Support, Japan, has positioned us to substantially bolster the growth of startups within the wellness sector. Our mission, through impact investing, is to persistently strive for a positive system change towards wellness equity so that everyone can live a better life.”
About SIIFIC Wellness Fund
SIIFIC Wellness Fund is managed by SIIFIC Limited Liability Partnership (SIFFIC LLP), a partnership of between Kazu Umeda, SIIFIC and SIIF. The Fund was launched in June 2023 securing commitments from Japan Post Insurance Co., Ltd., Teikoku Seiyaku Co., Ltd., Keio University, SIIF, KANETO CAPITAL MANAGEMENT PTE. LTD. and others. The Fund will invest in innovative seed/early and pre-IPO stage wellness impact start-ups.
About SIIFIC
SIIF Impact Capital, Inc. (SIIFIC) is a Tokyo-based impact venture capital established in September 2022 led by Kazu Umeda and Reiri Miura, committed to driving system change in Wellness sector.