World Innovation Lab has raised $236 million to date for its WiL Fund II, per a SEC filing. The Palo Alto-headquartered firm has set a $600 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised $353.3 million in 2015.
The fund will target venture capital opportunities in technology, media, and telecommunications sectors in North America and Asia-Pacific.