Keio Innovation Initiative (KII)
Keio Innovation Initiative “KII No. 3 Impact Fund” final closes at 20.2 billion yen
―Promoting impact-orientation and supporting the social implementation of excellent research results―
……
The Keio Innovation Initiative (Headquarters: Minato-ku, Tokyo; President and CEO: Kotaro Yamagishi; hereinafter referred to as KII) is an impact investment project aimed at realizing the philosophy of “achieving a healthy and happy life for all people.” We are pleased to announce that we have completed the final close of the KII Impact Investment Limited Partnership (KII3 Impact Fund) for 20.2 billion yen. At this final close, in addition to existing investor Japan Post Insurance Co., Ltd., we received a new investment from Sumitomo Life Insurance Company. As a result, KII’s total fund management will be 35 billion yen.
Since its founding, KII has consistently provided support to startups that solve social issues. Starting with the KII3 Impact Fund, we are sincerely working on impact measurement and management (IMM) in accordance with global standards in order to further promote impact-oriented activities. Together with the investee startups, we have established a theory of change (ToC), logic model, five basic elements of impact, and impact KPI settings at each stage from due diligence to investment execution. We are providing support to nine companies, including Space Holdings and Nihon Nogyo. As a pioneer in deep tech investment, we will continue to accelerate our
impact-oriented investment activities.
-Investors in KII No. 3 Impact Fund (Limited Liability Partners) Japan Post Insurance Co., Ltd., Industrial Innovation Investment Corporation, Dai-ichi Life Insurance Co., Ltd.
Mitsubishi UFJ Bank, Ltd., Sumitomo Life Insurance Company, Sumitomo Mitsui Banking Corporation, Mizuho Bank, Ltd., Sumitomo Mitsui Trust Bank, Ltd., SMBC Nikko Securities, Keio University, Nomura Holdings, Inc.
-Overview of KII No. 3 Impact Fund-
Name: KII3 Impact Investment Limited Partnership
Investment theme: Impact investment that realizes the philosophy of “achieving a healthy and happy life for everyone”
Investment field: Medical/health area, digital/technology area Total fund amount: 20.2 billion yen
Operation period: 10 years from October 11, 2023 (possible extension for up to 2 years)
◆About Keio Innovation Initiative (KII)
KII was established in December 2015 primarily to support startups that utilize Keio University’s research results. In addition, from January 2020, we will invest not only in Keio University but also in technology startups that are working on social innovation through digital technology and solving problems in medicine and health, focusing on lead investments from seed and early stages. We are expanding our target range and promoting investment activities. Through investment and development in startups, we promote the social implementation of excellent research results such as technology and intellectual property from research institutes such as universities that Japan is proud of, and play a role in contributing to a rich society. At the same time, we aim to achieve high profitability as a venture capital fund. We will work to build a sustainable innovation ecosystem by ensuring the following.
-Overview of KII-
Trade name: Keio Innovation Initiative, Inc.
Business content: Development of university-based technology venture companies, management of venture capital funds
Capital: 100 million yen (including capital reserve of 50 million yen) Representative: Representative Director and President Kotaro Yamagishi URL: https://www.keio-innovation.co.jp
The information contained in this release is current as of the date of announcement.
This article has been partially generated with the assistance of AI.