Dragon clash of clans11/28/2023 ![]() ![]() 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. 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. Virtual Entertainment operates manages Buisseppo! e-sports-focused VTuber group while MateReal manages the Palette Project female virtual idol group. Brave group acquired Virtual Entertainment and MateReal in June. ![]() The company established a US subsidiary in June to launch V4Mirai, a VTuber project focused on English-speaking markets. 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. Brave group was founded in 2017 by Japanese serial entrepreneur Keito Noguchi. Some of our readers may recall that the company secured 300 million (about $2 million) from Animoca Brands Japan back in January. The latest round brought the company’s funding sum up to date to 5.03 billion yen ($34.5 million).
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