Librite Partners operates a venture capital fund that introduces impact evaluation standards and environmental / social management systems with JICA

Librite Partners Co., Ltd. (located in the Republic of Singapore / Chiyoda -ku, Tokyo; Representative Director: Ken Ebihara, Our Company), which is a venture capital specialized in Southeast Asian regions, is for DX startups in Southeast Asia operated by the Company.The International Cooperation Agency (hereinafter JICA) will invest in this fund and participate as a union member in the venture capital fund (hereinafter referred to as this fund) on the theme of investment.In the previous judgment, a new environment and social management system (hereinafter, ESMS) (*1) based on the standards of international organizations such as the World Bank Group's International Finance Corporation (IFC), the investment destination startup is a natural environment.We will announce that we will implement a comprehensive duployment for recognition and relief of potential risks given to society.

In addition, this fund has introduced its own impact evaluation standards (*2) in cooperation with JICA, and the number of local employment creations by investing startups, improving medical access, improving educational access, and improving workers' skills and skills.We quantitatively set up the positive impact on society and perform continuous monitoring.

As a result, this fund not only pursues economic returns through investment in DX -type startups in the growing emerging Asian region as a first principle, but also solves social issues in Asian emerging countries by DX.We will implement impact investment that contributes to social contributions such as environmental conservation, financial entry, and improvement of access to medical care and education in the area.

For this fund, Sumitomo Mitsui Banking Corporation, Yokogawa Electric Co., Ltd., Sumitomo Mitsui Maritime Capital Co., Ltd. (Management Fund), Sasaki Food Industry Co., Ltd., Elan, Tecmatrix Co., Ltd.Multiple (including unpublished) is participating.With this initiative, the Company will continue to promote DX and the themes of the environment and social impact between Japanese companies, which are members of these funds, and the startups of this fund investment.

This fund participating union member (partially posted)

This fund has already invested in seven startups that develop businesses in areas such as medical care, agricultural and fisheries, food, education, human resources development, logistics and supply chains in Southeast Asian regions.

■ Comments from Ken Ken Ebihara, CEO of Librit Partners Co., Ltd.

For more than 10 years, I have been involved in developing investment in emerging Asian regions, but in general, I have clearly positioned contributions to Asian environments and society in the cooperation of JICA in order to further accelerate their initiatives.On the other hand, I am very pleased that I have been working on impact investment, and at the same time, I will tighten myself.

Now, the rise of the digital economic zone in India and Southeast Asia and the rise of the startups, which are responsible for it, are showing the sights and speeds.In order to develop the Japanese company and the Japanese economy, it will continue to work as a gateway VC, which is aid in both regions, so that both areas have joined hands and lead to positive impact on the environment and society.I'm going to go.

■ International Cooperation Agency (JICA) Director Keiichiro Nakazawa Comments

JICA has been paying attention to the role of startup companies in supporting the development of social and economic development in developed areas, and so far, through project Ninja (*3), etc., startup support activities for creating business innovation in developing countries.I went.In particular, we are focusing on DX, which can provide a new application to a layer that created employment through new industries and cannot enjoy sufficient services with traditional methods.

This time, we will invest in the fund of Librit Partners Co., Ltd., which is a fund investment specializing in DX companies in developing countries for the first time in JICA.In the future, I am very happy to be able to work on solving social issues through DX in Asian emerging countries together with other investors and funds for the fund, and JICA will be Librit Partners.Taking advantage of the knowledge and networks gained through cooperation with Corporation, we will continue to support startup companies and funds that are working on solving social issues in emerging countries.

[Photo provision: JICA] * October 29, 2021 Signed seal commemorative photo (at JICA Takebashi Office, Tokyo) (Left): Shohei Hara (right), General Manager of the Private Cooperation Division and Chuo Hara (right)Light Partners Co., Ltd. Ken Ebihara

[Photo provision: JICA]

The following is a photo material of this fund investment destination * Excerpt from some investment destinations

■ Medica Bazaar

The company employees deliver supplies to hospitals in India

Oxygen sucker for people infected with the company jointly developed with the manufacturer

■ Aqua Connect

The company will deliver aquaculture materials to local shrimp farmers

■ Vilohan

State of digital / offline hybrid classes in the company's medical worker training programs

State of digital / offline hybrid classes in the company's medical worker training programs2

■ Let's Transport Co., Ltd.

The company's truck drivers who took Corona countermeasures

1 ESMS is an International Finance Corporation (IFC) to analyze and evaluate the impacts and risks of funds on the fund's investment business, and minimize negative impact on the environment and society as needed.It is a formulated guideline.(For example, do not invest in businesses that discharge large amounts of CO2 in large quantities, businesses that have adverse effects on local residents, etc.)

2 The impact evaluation is the environment and society of fund investment businesses using the development effect measurement indicators for major KPIs, such as the number / people of the investment company jointly formulated by this fund and JICA.This is an effort to quantitatively visualize and evaluate the positive impact on.

3 Project Ninja (Next Innovation with Japan) is a startup support activity for the creation of business innovation in developing countries by JICA.In November 2020, in collaboration with the Nihon Keizai Shimbun, a business plan was judged for more than 2,700 companies in 19 Africa, and a pitch event seminar was held by 10 companies selected from them.bottom.