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§ Venture Capital · Tokyo, Tokyo, Japan
SK Social Impact Fund operates as a venture capital fund dedicated to fostering enterprises that generate both economic returns and positive societal value. Co-managed by SK Group and IBK Securities, this fund primarily targets investments in companies poised for growth that simultaneously address pressing social or environmental challenges. Its investment philosophy aligns with the Double Bottom Line (DBL) approach, integrating a commitment to sustainable impact alongside financial success in its portfolio selections.
The fund was established as a collaborative initiative between the South Korean conglomerate SK Group and IBK Securities, with its operations based in Seoul, South Korea. This partnership leverages SK Group's broader corporate strategy of seeking shared growth and innovation that benefits society. The insight driving its formation stems from a belief that significant social value can be created through strategic capital deployment into businesses actively working towards solutions in critical areas.
SK Social Impact Fund typically invests in companies that are developing solutions within sectors like electrical equipment and healthcare technology systems. The fund’s vision is to cultivate a robust ecosystem of impactful businesses, ensuring that its capital supports ventures that not only offer compelling financial prospects but also contribute meaningfully to societal progress. It seeks to champion entrepreneurs whose innovations lead to a better future, embodying a forward-looking commitment to responsible investment.
SK Impact Fund has 3 tracked investments across 2 companies. The latest tracked deal is $21.0M Series A in VLP Therapeutics in December 2021.