Three Hakuhodo DY Group companies to invest in the WiL Fund I, L.P.

Hakuhodo DY Media Partners, headquartered in Minato-ku, Tokyo and headed by Hisao Omori, has joined two other Hakuhodo DY Group companies—the Digital Advertising Consortium and United—in investing in the WiL Fund I, L.P., established by one of Japan’s premier venture support firms, WiL LLC. The Digital Advertising Consortium (DAC) is headquartered in the Shibuya ward of Tokyo and is headed by president and CEO Hirotake Yajima. United also operates out of Shibuya under the leadership of Tomonori Hayakawa.

At 30 billion yen, the WiL Fund I, L.P. is one of the largest venture capital pools in Japan. Japan Hakuhodo DY Media Partners, DAC, and United are expecting their investment to support open innovation, particularly in the field of digital technologies. The companies are also seeking human resource development and other benefits through service tie-ups linked to the fund.