NEWS RELEASE
Nov 20, 2023
For Immediate Release
Japan Impact Investment II Limited Partnership

Impact Investment in BPO Technology Inc.
Japan Impact Investment II Limited Partnership (hereinafter, "HATARAKU FUND") underwrote the thirdparty allotment executed by BPO Technology Inc. (Chuo-ku, Tokyo, President Shinya Yamada,hereinafter " BPO Technology ").
BPO Technology develops the service "Fujiko-San", a back office online assistant service, under its vision“Online Assistants to Every Company “.
HATARAKU FUND is the successor to Japan Impact Investment I Limited Partnership (commonly known
as the “Child-care Support Fund”), which was established in January 2017 by the Company, aconsolidated subsidiary of SBI Holdings, Inc., as the first impact investment fund operated by a Japanesebanking group and designed to make impact investment※1 into domestic child-care-related business. Inaddition to the SBI Group, HATARAKU FUND has received commitments from several institutional
investors and is jointly managed by Japan Social Innovation and Investment Foundation and with advisoryfrom Mizuho Bank, Ltd., We seek to support the growth of investees’ businesses and expand social
impact by investing in businesses related to child-care, elder-care, and new work styles.
In Japan, a chronic labor shortage is expected to last for a while against the backdrop of a declining
working-age population, and this tends to be particularly obvious for small and medium-sized enterprises.
One of the factors that causes the labor shortage is the partial absence of women’s participation during
their child-and/or-elderly caring. BPO Technology’s service "Fujiko-San" offers a flexible work style by thecombination of 100% telework, flexible working hours and teaming up system which allows taking ad-hocbreaks. Accordingly, “Fujiko-San” is expected to contribute to the excavation of the buried labor force,since it does not necessarily require people to work full-time in a conventional way.
"Fujiko-San" also proposes automation to improve operational efficiency by utilizing the latest IT tools.
For client companies facing the challenge to their digital transformation, outsourcing back-office
operations to “Fujiko-San” automatically contributes to the promotion of operational digital transformation
at the same time. In addition, BPO Technology plans to accelerate such digital transformation ratio toreplace the human labor even more by utilizing the knowledge and expertise accumulated through its
business track record.
We expect that BPO Technology's business will create opportunities to continue working flexibly
regardless of location and time, and lead to improve client companies’ labor shortages and productivity,
as well as DX. Accordingly, HATARAKU FUND made this impact investment based on its understandingthat it is in line with its impact goal of “creating diverse ways of working and living”. In addition, theCompany has discussed in-depth with the management team to introduce the “Impact Measurement andManagement” ※2 process, where BPO Technology measures and visualizes the social impact from its
business and utilizes the results to improve management processes and business strategies. Goingforward, HATARAKU FUND will continue to support the development of BPO Technology’s social andeconomic value while actively promoting the establishment of the impact investment ecosystem.
*1 Investments that seek to achieve both economic and social returns.
*2 Incorporate social impact measurement into management PDCA cycles and apply them to business management.

■ Summary of Technology Inc.
Name: BPO Technology Inc.
Date established : February 2017
Representative
Head officeBusiness
Description:::Shinya Yamada, President
6-14-8, Ginza, Chuo-ku, Tokyo
Provision of online assistant service “Fujiko-san”■ Summary of the HATARAKU FUND
Name:

Date established
General partner
(GP)

::

GP Member:

AdvisorFund Period
Investment
TargetURL::::

Japan Impact Investment II Limited Partnership(commonly referred to as "HATARAKU FUND")
June 2019Japan Impact Investment II LLP
Shinsei Impact Investment Limited
Japan Social Innovation and Investment Foundation
Mizuho Bank, Ltd.
Investment period of 5 years, fund term of 10 years
Early to later stage companies operating child-care,nursing care, and new work-style-related businesses
https://hatarakufund.com/english/

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