Brave Group Inc., a Japanese virtual IP firm, recently said it has raised $10 million in new capital and that the company will use part of these funds to promote “solution services for customers in the metaverse marketing business”. expected to do. Two local companies, foreign investment funds as well as individual investors, were participating in Brave Group’s latest funding round.
Metaverse Market Growth
Brave Group Inc., a Japan-based virtual IP business, recently said it has raised $10 million in new funding, bringing the total raised thus far to $18 million. The company is set to use the new capital to strengthen its existing business operations and “expand its solutions services to customers in the Metaverse marketing business.”
In a recent statement, Brave Group disclosed that Japanese companies such as Dawn Capital and Osaka Gas Co Ltd participated in the round which also included “foreign investment funds and individual investors.” Commenting after the capital raise announcement, Kazuhiro Ishikura, a general partner at Dawn Capital, said:
As the boundary between real and virtual life disappears, the form of entertainment will also change, and new IP content KOL is expected to be born. As the Metaverse market grows globally, we believe that Brave Group’s content will be at the heart of the emerging spirited virtual communities. We hope that the power of the anime and manga culture that Japan has developed over the years will be brought to the world virtually.
Yuichi Sakamoto, senior general manager of Osaka Gas’s innovation division, said his company stands ready to help Brave Group Inc. “Feel the lifestyles and businesses that respond to the New Normal.”
For his part, Brave Group Inc.’s CEO, Keito Noguchi, said, through the $10 million fundraising, his company will now “maximize the impact of Brave Group’s IP, not only in Japan but also in the world.”
What are your thoughts on this story? Tell us what you think in the comment section below.
image credit: Shutterstock, Pixabay, WikiCommons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation or recommendation or endorsement of an offer to buy or sell any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.