Mandal and Jarzynski have proposed a fully autonomous information heat engine, consisting of a demon, a mass, and a memory register interacting with a thermal reservoir. This device converts thermal energy into mechanical work by writing information to a memory register or, conversely, erasing information by consuming mechanical work. Here, we derive a speed limit inequality between the relaxation time of state transformation and the distance between the initial and final distributions, where the combination of the dynamical activity and entropy production plays an important role. Such inequality provides a hint that a speed-performance trade-off relation exists between the relaxation time to a functional state and the average production. To obtain fast functionalization while maintaining the performance, we show that the relaxation dynamics of the information heat engine can be accelerated significantly by devising an optimal initial state of the demon. Our design principle is inspired by the so-called Mpemba effect, where water freezes faster when initially heated.