World Innovation Lab Raises $1 Billion to Bridge the Innovation Gap Across the Global Venture Ecosystem
World Innovation Lab (WiL) today announced the venture capital firm has raised over $1 billion in additional capital. The capital will be deployed across multiple funds including WiL’s third growth fund, WiL Ventures III; WiL’s venture fund investments, WiL Strategic Partners funds; and corporate VC (CVC) funds. Capital commitments across all funds now exceed $1.9 billion.
With offices in Palo Alto, California, and Tokyo, WiL’s mission is to strengthen the global venture ecosystem by bridging startups and corporates in the United States and Asia, with a particular focus on Japan — Asia’s leader in SaaS adoption, as well as the world’s second largest enterprise software market and third largest consumer market.
WiL partners with its broad limited-partner base of leading Japanese corporations and government entities to enable U.S. and European startups to scale in Japan, and supports the innovation and globalization of Japanese companies.
The firm’s portfolio boasts a total of 15 unicorns to date. Notable WiL investments that have exited to public markets from Fund I and Fund II include Asana, Mercari, Raksul, Wise and Auth0 — whose acquisition by Okta was completed in May 2021.
“We thank our LPs for fueling WiL’s ongoing growth and empowering us to invest in the next generation of disruptive companies,” said Gen Isayama, WiL co-founder and CEO. “Right from the start, our mission has been to create a mutually beneficial relationship for our LPs and founders. So far, we have predominantly invested in the B2B SaaS space. Those solutions can be used by our entire LP base. This enables our founders to easily attract their lighthouse customers in the Japan market, while at the same time helping our LPs with their digital transformation efforts. We aim to strengthen this partnership between our LPs and founders.”