Japanese VTuber studio Brave group secures $13.7M to strengthen global expansion

Image credit: Brave group

Tokyo-based Brave group, a Japanese VTuber studio and working on other intellectual property (IP)-related businesses, announced on Wednesday that it has secured 1.99 billion yen (about $13.7 million) in the 1st close of its series D round. This was led by Simplex Capital Investment with participation from Tokyo University of Science Innovation Capital, Money Forward Venture Partners (HIRAC FUND), Revamp, and Adways Ventures.

The latest round brought the company’s funding sum up to date to 5.03 billion yen ($34.5 million). Some of our readers may recall that the company secured 300 million (about $2 million) from Animoca Brands Japan back in January.

Brave group was founded in 2017 by Japanese serial entrepreneur Keito Noguchi. The company produces and operates VTuber groups, including the virtual music label BlitzWing, and has developed IP-related businesses, a platform business using the Brave Engine metaverse engine in addition to pioneering emerging areas such as e-sports and Web3. The company established a US subsidiary in June to launch V4Mirai, a VTuber project focused on English-speaking markets.

Brave group acquired Virtual Entertainment and MateReal in June. Virtual Entertainment operates manages Buisseppo! e-sports-focused VTuber group while MateReal manages the Palette Project female virtual idol group. In July, the company acquired Geek Hive which offers digital transformation support for enterprises. The company will use the funds to strengthen overseas expansion and more aggressively merge and acquire other companies to further diversify revenue stream.

via PR Times    Summarized by ChatGPT