Impact Capital

What Impact Capital does

Impact Capital Limited (インパクト・キャピタル株式会社) is a Tokyo-based independent impact investment fund manager founded in February 2024 by Chunmei Huang and Sayaka Takatsuka, both previously responsible for impact investing at SBI Shinsei Bank Group where they established the Childcare Support Fund (2017) and the HATARAKU Fund (2019). The firm invests in early-stage companies that generate measurable social impact in areas such as childcare, work-style reform, sustainable materials, and resilience technology, applying a proprietary Well-Being centric impact assessment and ESG due diligence process to portfolio construction and value creation.

The company's core product is Impact Capital I LPS, an open-ended-style limited partnership vehicle launched in May 2024 with five institutional LPs at initial close and an additional close completed in March 2025. Reported portfolio holdings include Aeronext (drone logistics), Ms. Engineer, EF Polymer (biodegradable polymers), and Spectee (AI-driven disaster monitoring). The firm supplements direct investing with a layered ecosystem of policy and standards partnerships, including the GSG Impact Partnership Council, FSA Impact Consortium, METI J-Startup initiative, Social Innovation and Impact Foundation (SIIF), and the Institute of Industrial Science III, and became a Founding Adopter of Impact Frontiers in December 2025.

The revenue model combines management fees on committed or invested AUM with standard carried interest on realized gains, aligning with conventional closed-end impact VC economics. The firm is headquartered in Shibuya-ku, Tokyo, has scaled to approximately 25 employees by early 2026, and pursues recognition through industry awards including the Forbes Japan Women Award 2024 and the Tokyo Financial Award's ESG category.

Name

Impact Capital

Legal name

インパクト・キャピタル株式会社

Website

https://impactcapital.jp

Company type

Private

Founded year

2024

Operating status

Operating

Short description

Impact Capital is a Tokyo-based impact investment fund manager founded in 2024 by ex-SBI Shinsei Bank investors, deploying early-stage capital into Japanese companies addressing social and environmental challenges via its flagship Impact Capital I LPS fund.

Ownership category

akta.pro rank

Product category

Impact Investment Fund Management

NAICS

Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)

SIC

Investment Advice (6282)

akta.pro primary industry

Impact / ESG Venture Capital (FSANAAAG)

akta.pro secondary industries

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG), Impact Investing (Intentional, Measurable Social/Environmental Outcomes) (FSAAALAC), Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)

Keywords

• Impact investing
• Venture capital
• ESG investing
• Portfolio management
• Well-Being investing

Headquarters

HQ city

Uehara

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Fund Management (Management Fees): Annual management fees charged on assets under management (AUM) of the Impact Capital I LPS and any subsequent funds.
2. Carried Interest: Performance-based share of investment profits from portfolio company exits, typically 20% of returns above a hurdle rate, aligning GP and LP interests.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Impact Capital operates as an impact investment fund manager that raises capital from institutional LP investors and deploys it into Japanese startups through direct equity investments. The firm manages the Impact Capital I LPS fund, launched in May 2024, pursuing a Well-Being centric investment philosophy that invests in companies generating positive social and environmental impact across diversity, work-style reform, environment, and community sectors.

Product overview

Impact Capital is an impact investment firm that operates as a unified fund management platform. The primary product is the Impact Capital I LPS (インパクト・キャピタル１号ファンド), an impact investment fund launched in May 2024, which pursues people's Well-Being with a focus on creating a vibrant society where diversity is recognized. The fund makes investments in portfolio companies including Aeronext, Ms. Engineer, EF Polymer, and Spectee. The company previously managed earlier impact investment vehicles including the Childcare Support Fund and HATARAKU Fund before establishing Impact Capital.

Differentiator

Problem solved

Functional benefit

Products and services

• Impact Capital I LPS (インパクト・キャピタル１号ファンド) An impact investment fund for institutional LP investors that invests in Japanese startups generating positive social and environmental outcomes, with a focus on diversity, work-style reform, environment, and community impact sectors.

Quantifiable outcome

• Two prior impact funds (Childcare Support Fund and HATARAKU Fund) fully deployed and completed investment periods.
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered minor and core.

• SIIF / 三菱UFJ信託銀行 (Mitsubishi UFJ Trust Bank)minorStrategic or Co-development Partner · 1 May 2026A three-way discussion (SIIF, Mitsubishi UFJ Trust Bank, and Impact Capital) titled 'System Change Investment: Perspectives from Listed and Unlisted Equity Investors' was published on SIIF's note platform in May 2026, exploring system change investing approaches from both public and private market viewpoints.
• Impact FrontierscoreStrategic or Co-development Partner · 1 December 2025Impact Capital I Fund joined Impact Frontiers as a Founding Adopter in December 2025. Impact Frontiers is a global network advancing impact measurement and management (IMM) practice across the investment industry.
• GSG (The Global Steering Group for Impact Investment)coreStrategic or Co-development Partner · 1 March 2024Impact Capital is a signed member of GSG and its representatives serve on the GSG Impact JAPAN National Partner board. Ms. Huang has been a Board Member since June 2020. The firm participates in GSG-organized subcommittees including the Impact IPO Working Group (vice-chaired by Ms. Huang since July 2023) and previously the Social Equity Finance Subcommittee (2018–2019).
• Financial Services Agency — Impact ConsortiumcoreStrategic or Co-development Partner · 1 March 2024Impact Capital is a member of the FSA's Impact Consortium. Ms. Huang serves as Vice-chair of the Market Research & Formation Subcommittee since March 2024. The consortium brings together government, institutional investors, and impact fund managers to advance Japan's impact investing market.
• General Incorporated Association Social Investment Action (III — Initiative for Impact Investment)coreStrategic or Co-development Partner · 1 March 2024Impact Capital is a signed member of III (Initiative for Impact Investment), a Japanese industry body promoting impact investing standards and collaboration among domestic institutional investors and fund managers.
• Ministry of Economy, Trade and Industry (METI) — J-Startup ProgramcoreStrategic or Co-development Partner · 1 March 2024Ms. Takatsuka serves as a recommending committee member for METI's J-Startup program (since August 2021) and selection committee member for J-Startup Impact (since June 2023), enabling Impact Capital to engage with government-designated high-potential startups.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Impact Capital