Brave Group Raises US$10 Million On Metaverse Projects

Japanese IP company, Brave Group raised their capital funding for US$10 million for business expansion and planned to accelerate metaverse and Web3.

Brave Group Inc. has raised US$10 million in new capital in anticipation of 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. Result of capital to US$18 million.

The company set to strengthen its existing business operations and global expansion, and its solution services for clients in the metaverse business, develop additional “Brave Engine” products and other new ventures, and maintain its core structure.

Four of the representatives expressed their gratitude toward this capital investment and expansion, including upcoming metaverse initiatives. As “Brave Group” they continue to take on the new challenge in the world of Web3 expansion. Since the VTuber industry has tremendously grown beyond their expectation.

“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.” Kazuhiro Ishikura, General Partner of Dawn Capital, Akatsuki Ventures Inc.

“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.” Yuichi Sakamoto, Senior General Manager, Innovation Department of Osaka Gas Co., Ltd.

Thank you very much for allowing us 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 on 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.” Shunji Ashikaga, Managing Executive Officer of Saison Ventures Inc.

On the flip side, some supporters raised their concern about the current trend on NFT, for being inconvenient to roam freely on existing Japanese IP. But the thing can take time to make into fruition, despise positive reaction among backers.

For supporters’ comments: https://kyodonewsprwire.jp/attach/202206172671-O1-50pOw4W8.pdf

Keito Noguchi, CEO of Brave group, said about this fundraising plan: “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.”

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Official website: https://bravegroup.co.jp/en/

SOURCE Brave group Inc.

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