October 31, 2023
´ºÓêÖ±²¥app
´ºÓêÖ±²¥app (Minato-ku, Tokyo; President: Kohei Itoh; hereinafter "´ºÓêÖ±²¥app") has invested in "KII Fund No. 3 Impact Investment Limited Partnership" (hereinafter "the Fund"), the first impact fund established by a university-based venture capital firm, ´ºÓêÖ±²¥app Innovation Initiative, Inc. (Minato-ku, Tokyo; President and CEO: Kotaro Yamagishi; hereinafter "KII"), an affiliated company of ´ºÓêÖ±²¥app.
The Fund was established based on the "Memorandum of Understanding on Collaboration and Cooperation for Promoting Well-Being and a Capital Cycle Centered on Academia," concluded between ´ºÓêÖ±²¥app and Japan Post Insurance Co., Ltd. (Chiyoda-ku, Tokyo; Director and Representative Executive Officer, President and CEO: Kunio Tanigaki; hereinafter "Japan Post Insurance"). The establishment process was led by KII, which, as ´ºÓêÖ±²¥app's venture capital, has an extensive track record of investing in deep tech startups originating from universities.
Through impact investing, the Fund will promote a capital cycle centered on advancing the social implementation of outstanding research outcomes from academia in the medical/healthcare and digital technology fields, aiming to realize a society where everyone can achieve a healthy and happy life.
Please see below for the full press release.