Country for PR: Japan
Contributor: Kyodo News JBN
Thursday, June 23 2022 - 16:00
Brave group Raises Additional US$10 Million to Accelerate Metaverse Business, Finalizing Total Series C at US$18 Million
TOKYO, June 23, 2022 /Kyodo JBN-AsiaNet/ --

- Investors Are Japanese Companies Such as Dawn Capital and Osaka Gas, Foreign 
Investment Funds and Individual Investors -

Brave group Inc., a virtual IP business based in Japan, has raised US$10 
million in new capital in anticipation of business expansion and global 
development in the metaverse and Web3 domains from Japanese companies such as 
Dawn Capital and Osaka Gas Co., Ltd., foreign investment funds and individual 
investors. This brings the total raised capital to US$18 million.


With this new capital, Brave group intends to strengthen its existing business 
operations and global expansion, expand its solution services for clients in 
the metaverse marketing business, develop additional "Brave Engine" products 
and other new businesses, and strengthen its management structure.

Brave group's recent business moves intended to strengthen alliances for global 
development include collaboration with "MyAnimeList," which operates one of the 
world's largest animation communities, and a business alliance with "Billboard 
Indonesia," the Indonesian version of "Billboard," formed in May 2022. In 
addition, in the metaverse marketing business launched last year, Brave group 
has developed a series of solution services for corporate clients and are 
steadily building a track record.

Introduction video: 

For this fundraising, Kazuhiro Ishikura, General Partner of Dawn Capital, 
Akatsuki Ventures Inc., said: "As the boundary between real and virtual life 
disappears, the form of entertainment will also change, and new IP content KOLs 
are expected to be born. As the metaverse market grows globally, we believe 
that the Brave group's content will be at the center of the enthusiastic 
virtual communities that will emerge. We hope that the strength of the anime 
and manga culture that Japan has cultivated over the years will be brought to 
the world virtually."

Yuichi Sakamoto, Senior General Manager, Innovation Department of Osaka Gas 
Co., Ltd., said: "Thank you for the opportunity to be a part of Brave group's 
grand challenge. As the spread of the COVID-19 redefines the way we live our 
lives, we are focusing on the metaverse as a next-generation communication 
alternative to the real world. We look forward to working with Brave group to 
realize lifestyles and businesses that respond to the New Normal by 
accompanying our customers' changing lifestyles and business styles and 
developing services and solutions that are best suited to each customer."

Shunji Ashikaga, Managing Executive Officer of Saison Ventures Inc., said: 
"Thank you very much for giving us the opportunity to join Brave group, which 
is strongly involved in the virtual IP business and the metaverse market. I am 
very pleased to be working with you because of Noguchi-san's strong sales 
skills for enterprise and enthusiasm. I believe that its business will have a 
great impact not only in Asia but also in the whole world in the future. We are 
looking forward to working together with you in the card business so that we 
can help you in your endeavors. Let's create a fun world together."

For supporters' comments, please visit:

For this fundraising, Keito Noguchi, CEO of Brave group, said: "Through this 
fundraising, we will work to maximize the impact of Brave group's IP not only 
in Japan but also in the world. We have many other new initiatives in the 
works, so please look forward to the brand-new reborn Brave group."

About Brave group
Founded in October 2017, Brave group develops and operates virtual IP such as 
RIOT MUSIC and other virtual artists, and also provides solutions about 
metaverse marketing. Brave group's content has been viewed by users in more 
than 150 countries, with a total of more than 1 million followers on social 
networking sites, and a total of more than 100 million views on YouTube. To 
date, Brave group has raised US$18 million in funding from investors including 
(but not limited to) Dawn Capital and Osaka Gas Co., Ltd., and other companies. 
(All figures are as of June 2022.)

Official website:

Source: Brave group Inc.