Tokyo Gov invests in fund targeting wellness issues via social impact investments

In the heart of Tokyo, a new experiment is unfolding: a social impact investment fund project that aims to change the way the city addresses wellness. Spearheaded by the Tokyo Metropolitan Government, they’ve teamed up with Toranomon Impact Capital to create the “Tokyo Wellness Impact Fund (TWIF),” a bold venture designed to improve the lives of Tokyo’s residents by backing innovative startups. These startups are united by a common mission: to make a real difference in the wellness sector, while creating lasting, positive change.

This project, born in 2022, seeks to achieve two ambitious goals. First, it hopes to spark a new financial trend, bringing the public and private sectors together to tackle social issues through impact investment. Second, it strives to enhance the wellness of those living in Tokyo, fostering a community where everyone can lead a vibrant and healthy life, both physically and mentally.

The Tokyo Metropolitan Government handpicked the fund operators, with the likes of Monex Group Inc. and Meiji Yasuda Life Insurance Company joining the fray as investors. Together, they plan to invest up to 10 billion yen in this trailblazing initiative.

The selection process for operators kicked off in April 2022, with the Tokyo Metropolitan Government laying out the blueprint for potential candidates. By September, the choice was clear: Capital Medica Ventures and Monex Ventures Inc. would join forces to propel the project forward.

At the helm of Toranomon Impact Capital are the presidents of Monex Ventures and Capital Medica Ventures. United under a common vision, they completed their first round of fundraising on March 31st, setting the stage for the next chapter of their investment journey.

According to Toranomon Impact Capital, the key to accelerating these transformative investments lies in the track records and real-world application of impact investment. By nurturing startups with a focus on wellness and empowering them to solve pressing issues, TWIF hopes to create a ripple effect, inspiring individuals to engage in impact investment themselves.

With a 10-year operating period that can be extended for another five years, the fund plans to invest in startups at various stages of development, from seed to later stages. As of March 31st, they’ve raised 3.1 billion yen and continue to seek investors who share their passion for making a difference, with the ultimate goal of managing 10 billion yen in assets.

Originally published on Hedge Guide.