Brave group announced that it has conducted a Series D third close with Mitsui Fudosan and TV Asahi Holdings as underwriters, and the cumulative amount raised has reached approximately 6.2 billion yen.
The total amount of the Series D round will be approximately 3.5 billion yen. This amount also includes transfers from existing shareholders to new shareholders, and the cumulative amount raised including bank loans is approximately 6.2 billion yen.
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The investment from Mitsui Fudosan will be made through 31VENTURES Global Innovation Fund No. 2, Mitsui Fudosan's corporate venture capital.
Brave group operates an IP business that comprehensively produces VTubers such as “Buispo!”, a platform business that operates an EC site specializing in anime and manga official goods, and “CR Gaming School” that specializes in improving gaming skills. We are developing business in a wide range of areas, including esports business, XR business, DX business, and Incubation business.
Particularly noteworthy are the global expansion of the next-generation virtual esports project “Buispop!'' and the virtual music label “RIOT MUSIC.'' In 2023, in addition to establishing 5 overseas bases in 4 countries, we held global auditions targeting English-speaking countries, Greater China, and European markets, and 20 overseas VTubers made their debut.
In the future, Brave group will jointly develop overseas VTubers with Mitsui Fudosan, hold offline events using commercial facilities developed by Mitsui Fudosan overseas (such as LaLaport), and promote business collaboration using the assets of TV Asahi and Brave group. In addition, we will expand our business overseas with a focus on global IP, strengthen alliances, business integration, and strengthen recruitment activities.
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Representative comment
Comment from Hideaki Takanami, Executive Officer and General Manager of Venture Co-Creation Business, Mitsui Fudosan
We highly value Brave group's ability to create IP and the potential of the global VTuber market, so we have made an investment. We hope that Brave group's IP will spread globally as a new form of entertainment originating from Japan. Additionally, with this investment, we will create new content and experiences by combining the attractive IP created by Brave group with the assets of the Mitsui Fudosan Group.
TV Asahi Holdings Representative Director and Chairman Hiroshi Hayakawa
Based on the basic philosophy that “the source of all value is content,” our group promotes a “360° strategy” that maximizes content value by deploying content across all media. By working with Brave group, which is taking on new IP business challenges while working on business development centered on IP, we will grow both businesses and provide new entertainment to more people. I'm looking forward to being able to do it.
Brave group CEO Keito Noguchi
We are very happy to have received investment from two wonderful companies.
Brave group is able to continue its “aggressive management” with the support of our shareholders. In addition, thanks to the cooperation of many shareholders, including the two companies that have recently invested, not only in terms of funding but also in business collaboration, we have been able to take on challenges that go beyond what we could have achieved on our own. I am.
We will continue to expand our business, centering on our IP business, including peripheral areas, and promote global expansion!