Brave Group Raises 8 Billion Yen in Series E Round
The round, which includes investment from Gree Holdings subsidiary REALITY and Kirin Holdings, positions Brave group as one of the best-capitalized VTuber operators in Japan and signals continued institutional appetite for virtual talent IP.
Reporting from 1 sources: Brave group.
VTuber operator Brave group raised approximately 8 billion yen in a Series E round from 16 companies and 3 lenders, bringing cumulative funding to 14 billion yen since 2017. The company will use the funds for global expansion, IP diversification, technology investment, and strategic M&A.
Brave group, the Tokyo-based operator of multiple VTuber groups, closed a Series E round worth approximately 8 billion yen through a third-party allotment of new shares to 16 companies and loans from 3 financial institutions. The company has now raised roughly 14 billion yen cumulatively since its founding in October 2017.
The investor list includes REALITY Co., Ltd., a Gree Holdings subsidiary that becomes Brave group's largest shareholder, as well as Kirin Holdings, Mizuho Bank, Kakao Investment, and NHN JAPAN. Gree Holdings CEO Yoshikazu Tanaka said the group has watched Brave group since its founding and will support its growth as the largest shareholder.
Brave group CEO Keito Noguchi, a serial entrepreneur who started the company in 2017, has pursued an aggressive M&A strategy-nine acquisitions in two and a half years-and previously stated ambitions to acquire Asian companies as part of a global push. The Series E funds are earmarked for overseas IP localization, marketing, distribution system R&D, XR technology, and further M&A.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.
Sources
- Brave group Brave group、シリーズEラウンドで80億円超を調達