World Innovation Lab, a U.S-Japan venture firm which connects entrepreneurs with corporate resources to build global businesses is seeking to raise its second fund, WiL Fund II, L.P.

According to a regulatory form filed with the US SEC, World Innovation Lab has raised $521 million for its second fund focused on US-Japan. The document lists Gen Isayama, General Partner and CEO as the person related to the offering.

Founded in 2013, World Innovation Lab connects entrepreneurs with corporate resources to build global businesses. The Palo Alto, California-based venture firm invests in consumer and enterprise technology companies.

WiL was founded by the Japanese government investment arm and over 20 leading corporations such as Sony, Nissan, Mizuho Bank, Daiwa Securities, NTT, KDDI and All Nippon Airways.

The fund is managed by General Partner and CEO Gen Isayama, formerly with DCM Ventures. Also a General Partner at WiL is Rob Theis, formerly with Scale Venture Partners and DCM.

In 2106, World Innovation Lab led a $26 million in a series B funding round into Inagora Inc, an e-commerce mobile platform. Founded in 2014 by a Japanese entrepreneur who started Kingsoft Corporation’s Japanese operations, Inagora is focused on providing Japanese products to global consumers, particularly those in China.

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World Innovation Lab pumps $26m in Japan’s online mobile platform Inagora 

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