We are pleased to announce the successful completion of our Series D Third Close funding round, led by Mitsui Fudosan Co., Ltd1 and TV Asahi Corporation, with the issuance of new shares through third-party allotment. This brings the Series D total funding to approximately 3.5 billion yen2 for a cumulative approximately 6.2 billion yen3 since the company’s founding in 2017.

1: Funding made through 31VENTURES Global Innovation Fund Ⅱ, a Mitsui Fudosan Co., Ltd. Venture Capital operated by Global BrainCorporation
2: Including share transfer from existing to new shareholders
3: Including bank loans

Fundraising Background & Goals

In 2023, we have greatly expanded our global presence with the founding of five offices in four different countries and have helped 20 VTubers, hailing from English-speaking, Chinese-speaking and European regions, to debut along with several international projects.
Furthermore, we have completed the integration of four companies in our business, and have expanded our resources beyond IP-management, developing our other businesses including the development of new platforms, esports, XR and incubation while fostering a favorable environment for both growing existing business but also establishing new ones.

With this fundraising opportunity, we can further promote our IP-business on the global scale, by strengthening our relationships with our business partners, improving our integration process and acquiring new talents while working in synergy with our new shareholders, including this funding round main underwriters.

Planned Joint-Projects
– Co-hosting real-life events and other promotional operations by capitalizing on Mitsui Fudosan’s prime commercial locations where talents and artists under Brave group can be deployed
– Co-development of projects by leveraging business assets from both TV Asahi and Brave group

Examples
– Co-developed contents for popular video game Fortnite with Shochiku Co., Ltd.
April 16, 2024 – https://prtimes.jp/main/html/rd/p/000000309.000044525.html
– Joint VTuber development with Valuence Japan Inc.
December 13, 2023 – https://prtimes.jp/main/html/rd/p/000000256.000044525.html
– Co-produced and co-hosted a national esports tournament with Mynavi Corporation
March 22, 2023 – https://prtimes.jp/main/html/rd/p/000000183.000044525.html

Words from the investors

Hideaki Takanami, Venture Co-Creation Division Manager, Mitsui Fudosan Co., Ltd.
We have decided to participate as we hold Brave group’s ability to develop a strong IP in high esteem and also firmly believe in the growth potential of the international VTuber market.
We confide that Brave group will be able to expand their IP on the global scale as a representative of modern Japanese entertainment.
Furthermore, by strengthening our relationship with Brave group, we will also be able to create brand new content by combining our group’s assets with Brave group’s amazing IPs.

Hiroshi Hayakawa, Chairman & CEO, TV Asahi CorporationContent is the source of all value for the TV Asahi Group
As per our core philosophy, we are pursuing a full 360° strategy to maximize the value of our content by expanding in all types of media.
We look forward to working together with Brave Group, as they are earnestly pioneering new IP businesses and look forward to helping each other bring our businesses to new heights while providing fresh entertainment to as many people as possible.

Keito Noguchi, CEO, Brave groupWe are very extremely honored to have received the vote of confidence from such major companies.
Thanks to the support of our shareholders, we, at Brave group are able to pursue our forward management strategy.
I would also like to welcome our two new major investors and thank again our diverse shareholders, who have provided us with generous funding but also business partnerships opportunities, and those alliances have proved critical for us to take on ever higher challenges, well beyond what we could have achieved on our own.
We will continue our commitment to expand on the global scale while keeping our strong focus on developing our IPs.