NEWS RELEASE
June 4, 2024
For Immediate Release
Japan Impact Investment II Limited Partnership

Impact Investment in Yell Company Limited
Japan Impact Investment II Limited Partnership (hereinafter, "HATARAKU FUND") underwrote thethird-party allotment executed by Yell Company Limited (Shinagawa-ku, Tokyo; CEO: Masaru Sakurai;
hereinafter, "Yell").
Yell is a startup that provides the service “YeLL”, an on-line 1on1 (1-to-1 listening session) service by
external talent with the mission of "increasing the number of proactive workplaces where the vision of thepeople working and the organization overlap".
HATARAKU FUND is the successor to Japan Impact Investment I Limited Partnership (commonlyknown 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.
Low organizational productivity and the need for human capital management have increased the needto improve employee engagement in many Japanese companies, especially listed companies. On theother hand, improving the engagement index is not essential aim. Yell offers 1-on-1 training tailored toindividual and they aim to improve the vitality, enthusiasm, immersion, and motivation of "workers" bydeepen self-understanding and understanding of others.
HATARAKU FUND expects that more and more people will work within the organization as autonomous,that their unique way of life will be realized in the workplace and realize their personal vision through theirwork. Accordingly, HATARAKU FUND made this impact investment based on its understanding that it isin line with its idea of “creating diverse ways of working and living.” In addition, the Company has
discussed in-depth with the management team to execute the “Impact Measurement and Management”*2 process, where Yell measures and visualizes the social impact from its business and utilizes theresults to improve management processes and business strategies. Going forward, the Company willcontinue to support the development of Yell’s social and economic value while actively promoting theestablishment 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 Yell Company Limited
Name
Date established
Representative
Head officeBusiness
Description:::::Yell Company Limited
June, 2013
Masaru Sakurai
Gotanda S&L Building 4F, 10-8, Higashi-Gotanda 1-chome, Shinagawa-ku, Tokyo
Online 1on1 services by external talent■ 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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