SEVENO CAPITAL COMMITS US$70 MLN TO ADVANCE HUMAN HEALTH SPAN INITIATIVES

KUALA LUMPUR, April 16 (Bernama) -- Venture capital fund, Seveno Capital has officially launched by making an inaugural investment in its mission to back early- and growth-stage ventures that have the holistic potential to extend the human health span.

According to a statement, Seveno Capital will draw from a five-year US$70 million investment commitment from entrepreneur and Park Hotel Group founder, Allen Law, a Singapore-based entrepreneur and business leader. (US$1=RM4.41)

Furthermore, Seveno Capital has made its inaugural investment in A Cabin Company that will enable better wellness via more convenient access to the restorative properties of nature and is building a global network of restorative spaces, starting in Japan.

In the Japanese countryside, nine million homes and plots of land now sit vacant, in which these ‘akiya’ (empty properties) cover an area nearly the size of Taiwan.

A Cabin Company will build something new in these forgotten edges with small and beautifully designed cabins tucked into rural land just outside the reach of the city that will support better human health and wellness, whilst commanding hotel-level pricing.

Each cabin is plug-and-play, which allows A Cabin Company to go from land lease to revenue generation in three months, which is a fraction of the time and capital of typical hospitality projects.

Set to open its first location in Chiba, 25 miles east of central Tokyo, A Cabin Company has plans to launch 380 cabins across the Greater Tokyo and Osaka regions by 2029, in addition to expanding into Seoul, New York and parts of Europe.

-- BERNAMA