#Japan #Child Welfare #Kawasaki #HIRAC FUND #AiCAN

HIRAC FUND Deepens Investment in AiCAN for Child Welfare Support

In a significant move to enhance support for child welfare services, HIRAC FUND, managed by Money Forward Ventures Partners, has announced an additional investment in AiCAN, a startup dedicated to addressing challenges faced by child consultation services. This investment signals HIRAC FUND's ongoing commitment to promoting safety and welfare for children within communities.

Background of the Additional Investment

Launched with the vision that "All children should live in a safe world," AiCAN has been actively working to solve child welfare issues by digitizing local government services. Since 2023, AiCAN has been conducting proof-of-concept experiments across various municipalities, successfully providing its services to nine local governments.

The latest round of investment, announced at the start of July 2024, comes after HIRAC FUND recognized two key factors:
1. The successful implementation of the ‘AiCAN Service’ which addresses the challenges faced by child consultation centers and local governments, showing a steady increase in adoption.
2. AiCAN’s plans to expand its product offerings into areas related to child abuse and other relevant fields, highlighting the potential for substantial business growth.

HIRAC FUND remains committed to leveraging its resources and building networks with local financial institutions to support AiCAN's ambitious plans.

Press Release Link regarding AiCAN's previous investment

About AiCAN

• - Company Name: AiCAN Corporation
• - CEO: Kota Takaoka
• - Business Scope: Support for child consultation services, research, and investigation.
• - Establishment: March 2020
• - Headquarters: 3-2-1 Sakado, Takatsu-ku, Kawasaki City, Kanagawa, 713A, Innovation Center Building, Kanagawa Science Park
• - Website: AiCAN

Overview of HIRAC FUND

HIRAC FUND is a venture capital fund that focuses on investing in seed and early-stage startups that aim to tackle societal issues through technology.

About the Second Fund

• - Name: HIRAC FUND No. 2 Private Limited Liability Partnership
• - Total Fund Amount: 9.08 billion yen
• - Investment Target: IT and technology companies in the domestic and international seed and early-stage sectors.
• - General Partner: Money Forward Ventures Partners Co., Ltd
• - Website: HIRAC

About Money Forward Ventures Partners

• - Company Name: Money Forward Ventures Partners (a 100% subsidiary of Money Forward, Inc.)
• - Location: 21F, Tamachi Station Tower S, 3-1-21 Shibaura, Minato-ku, Tokyo
• - CEO: Naoya Kanasaka
• - Business Scope: Fund management and operation
• - Established: May 25, 2020
• - Website: Money Forward Ventures

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