Japan Impact Investment II Limited Partnership

What Japan Impact Investment II Limited Partnership does

Japan Impact Investment II Limited Partnership, operating as Hataraku FUND (はたらくFUND), is a Japanese limited partnership impact investment fund established in June 2019. The fund invests in startups and growth-stage companies that address Japan's workforce sustainability challenges, with a thematic focus on enabling individuals to continue working through life events such as childcare, nursing care, and other transitions. By the most recent reporting, the fund has invested in 11 portfolio companies spanning EdTech (Life is Tech), Childcare technology (UniFa), HR services and career matching (Yell, Linc, Compass, Sukedachi, Antway, BPO Technology), healthcare staffing and digital therapeutics (CaiTech, CureApp, Ubie), and related sectors.

The fund is managed by Shinsei Impact Investment Limited (a subsidiary of SBI Shinsei Bank) as General Partner, with the Social Innovation and Investment Foundation (SIIF) as a core partner and Mizuho Bank contributing advisory support. It reached its final close in December 2020 and has continued to deploy capital and provide follow-on support, including a follow-on investment in Yell Company Limited in June 2024. The fund reports under the Operating Principles for Impact Management (signed April 2023), publishes annual impact reports, and received a GOLD evaluation from BlueMark's Fund Impact Diagnostic in November 2024. Revenue is generated through conventional fund economics: management fees on committed capital from limited partners and carried interest on successful portfolio exits; no fund size, AUM, or financial figures are publicly disclosed.

Name

Japan Impact Investment II Limited Partnership

Legal name

Japan Impact Investment II Limited Partnership

Website

https://hatarakufund.com

Company type

Private

Founded year

2019

Operating status

Operating

Short description

Hataraku FUND is a Japanese impact investment fund (est. 2019) that invests in Japanese startups addressing workforce sustainability, childcare, and eldercare for working people in Japan.

Ownership category

akta.pro rank

Product category

Impact Investment Fund

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)

akta.pro secondary industries

Impact Investing (Intentional, Measurable Social/Environmental Outcomes) (FSAAALAC), Impact / ESG Venture Capital (FSANAAAG), Education & Workforce Development Impact Funds (FSANAJAJ)

Keywords

• Impact investment fund
• Venture capital investing
• Social impact finance
• Workforce sustainability investing
• Limited partnership fund

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Fund Management Fees: The fund generates revenue through management fees charged to limited partners (LP investors) based on committed capital under management.
2. Carried Interest (Performance Fees): The fund earns carried interest from successful portfolio company exits and realizations, aligning GP and LP interests in generating returns.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Japan Impact Investment II Limited Partnership (はたらくFUND) is a Japanese limited partnership impact investment fund that raises capital from limited partners and deploys it through direct equity investments into Japanese startups and growth-stage companies whose products and services help people continue working through life events such as childcare and nursing care. The fund charges management fees on committed capital and earns carried interest on successful exits, while publishing annual impact reports to demonstrate measurable social outcomes.

Product overview

はたらくFUND (Hataraku FUND) is a unified impact investment fund product managed by Japan Impact Investment II Limited Partnership. The fund focuses exclusively on supporting working people in Japan by investing in startups and businesses that create solutions for childcare, nursing care, and other life events that traditionally disrupt employment. The fund operates as a single focused investment vehicle aimed at generating both financial returns and measurable social impact related to workforce sustainability.

Differentiator

Problem solved

Functional benefit

Products and services

• はたらくFUND (Hataraku FUND) - Impact Investment Fund A limited partnership impact investment fund that invests equity capital into Japanese startups and growth-stage companies developing solutions enabling people to continue working through life events such as childcare and nursing care. Available to eligible institutional and individual limited partners via private placement fund subscription.
• Annual Impact Report Yearly impact report distributed to fund investors and made publicly available, documenting portfolio company outcomes, fund logic model, and measurable social impact across workforce-supportive investments.

Quantifiable outcome

• 11 portfolio companies invested as of 2024
• +2 more outcomes

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Social Innovation and Investment Foundation (SIIF / 社会変革推進財団)coreStrategic or Co-development Partner · 28 June 2019SIIF serves as a Partner in the fund structure and contributes to the impact investment ecosystem development. The foundation is involved in building Japan's impact investment ecosystem through investment, research, and policy initiatives. Team member Yuya Kato is affiliated with SIIF.

Scale indicators3 records

Recent moves7 records

Expansion highlights3 records

Emerging players

• WiL (World Innovation Lab): A Japan-US crossover VC fund with an explicit impact/sustainability thesis, investing in startups across health, sustainability, and workforce. Comparable as a Japan-headquartered venture platform deploying impact-oriented capital with corporate LP backing.
• Real Tech Fund (Leave a Nest Capital): A Japan-based deep-tech and sustainability-focused venture capital fund investing in startups addressing SDGs. Comparable as a Japan-domiciled impact-oriented VC fund deploying capital into startups with measurable social/environmental outcomes.
• ID Capital (Impact Bridge): A Japan-focused venture capital firm investing in impact-driven startups across sustainability, healthcare, and workforce. Comparable as a Japan-headquartered impact VC deploying capital with measurable social outcomes.

Direct peers

• Shinsei Bank Childcare Support Fund (Kodomo Kosodate FUND): The first impact investment fund launched by the same Shinsei Impact Investment team before Hataraku FUND. Directly comparable as a Japan impact investment fund run by the same GPs targeting childcare/workforce outcomes, providing an immediate precedent for thesis execution.
• Social Innovation and Investment Foundation (SIIF): Japan's leading impact investment promotion body and a partner of the fund, SIIF operates investment programs and ecosystem-building initiatives in Japanese impact investing. Highly comparable as a Japanese impact investment platform targeting social outcomes through VC-style capital allocation.
• SBI Impact Investment Co., Ltd. A sibling impact investment entity within the SBI Shinsei Bank group, focused on ESG and impact investments in Japanese startups. Directly comparable as a Japanese impact investment fund targeting social outcomes with diversified institutional LP participation.
• Siiibo Investment Co., Ltd. A Japanese impact-focused investment platform that operates investment-type crowdfunding funds for impact-driven startups. Comparable as a Japan-based impact investment intermediary targeting social outcomes alongside financial returns.

Broad incumbents

• DBJ (Development Bank of Japan) Impact Investment Program: DBJ operates multiple impact and ESG investment vehicles in Japan, leveraging its policy-bank balance sheet and institutional relationships. Comparable as a large, established Japanese impact investor deploying capital into ESG and social-impact themes.
• Investcorp / Bridges Fund Management (sustainable & impact funds): Global impact-investment fund-of-fund and direct-fund platforms with dedicated Japan/Asia strategies. Comparable as institutional impact investment platforms serving pension, sovereign, and foundation LPs with measurable impact mandates.
• MUFG Sustainable Investment Fund (via MUFG Bank): Japan's largest banking group has built sustainable finance and impact investment capabilities with an SDG desk model similar to the advisory model supporting Hataraku FUND. Comparable as a major Japanese institutional investor in impact and ESG strategies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments4 records

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

Frequently asked questions about Japan Impact Investment II Limited Partnership