Japan-headquartered open innovation group Taliki formed a venture capital vehicle of undisclosed size dubbed Taliki Fund in December 2020 with multiple corporate limited partners (LPs), it said on Monday.
Retailer Marui Group and cloud services provider SunBridge Corporation committed capital to the fund, as did financial services firm Kyoto Shinkin Bank, Incubate Fund and undisclosed other investors.
Founded in 2017, Taliki owns a startup incubator in addition to conducting venture capital investments and running a business media platform, all of which concentrate on impact investing.
The fund targets entrepreneurs who are working on technologies and services to solve social issues in the country. It will invest between ¥5m ($46,000) and ¥30m ($275,000) per company.
Taliki Fund has already provided approximately $230,000 for Japan-based vegan recipe provider VCook, participating together with unnamed angel investors.
