Value Chain Innovation Fund is the successor to the Logistics Innovation Fund (LIF), a fund jointly established by Seino Holdings as the anchor limited partner and Spiral Innovation Partners. Building on LIF’s focus on logistics-related areas, it invests in startups that also deliver value across the entire value chain of consignor companies. The fund targets early- to later-stage startups, with typical investment sizes of approximately JPY 150 million per deal for early-stage startups and JPY 250 million per deal for middle to later-stage startups.