("Brave group "), a company that develops metaverse businesses, announced today that it has raised 300 million yen in funding and formed a capital and business alliance with Animoca Brands KK, a subsidiary of Animoca Brands, a Web 3.0 company headquartered in Hong Kong, China. (Animoca Brands KK), a subsidiary of Animoca Brands, a Web 3.0 company headquartered in Hong Kong, China, and announced a capital and business alliance of 300 million yen. The capital and business alliance was formed in anticipation of business expansion in the Metaverse domain and acceleration of global expansion.
Brave group raises 300 million yen in funding from Animoca Brands KK!
Brave group and Animoca Brands KK have raised 300 million yen in funding, bringing Brave group's total funding to 3.04 billion yen. Brave group is focusing on global expansion of each business centering on its own IPs from 2022 for future global expansion, and started collaboration with "MyAnimeList," one of the world's largest anime communities, in August 2021. In May 2022, we formed a business alliance with Billboard Indonesia, the Indonesian version of Billboard. In March 2022, we distributed NFT using "sound" at RIOT MUSIC's real and online simultaneous live "Re:Volt 2022". We are also working on the distribution of NFTs using "sound" at "Revolt2022".
Animoca Brands KK, with which we have entered into this capital and business alliance, has invested in various fields such as blockchain games, Metaverse, DeFi, and virtual currency wallets around the world, and is building its own Web 3.0 ecosystem. In preparation for the Web 3.0 era, Brave group is collaborating with Animoca Brands, the parent company of Animoca Brands KK, which is developing its own Web 3.0 ecosystem, to further grow each of Brave group's businesses in the metaverse area with the aim of strengthening Web 3.0 initiatives. The company is aiming for further growth and global expansion to achieve this goal.
The latest financing brings the Brave group's total amount raised to 3.04 billion yen. With this latest financing, Brave group's total amount raised now stands at 3.04 billion yen.
Comments from Mr. Keito Noguchi, President of Brave group
PR TIMESWe are very pleased to have this opportunity to enter into a capital and business alliance with Animoca Brands. With the mission of "8 billion hearts, break through. With the mission of "8 billion hearts, break through." we wanted to focus more on the global development of each business centered on IP and the utilization of Web 3.0 in order to become a global company that develops worldwide. We are very honored to have this opportunity to partner with Animoca Brands, the world's leading Web 3.0 company. Brave group specializes in creating IP, including virtual artists, from scratch, and has a proven track record in this area, despite being a late starter. Through this partnership, we hope to accelerate the global expansion of our IP and other businesses within the Web 3.0 ecosystem, while forming a strong alliance with Animoca Brands.
Comment from Mr. Okazawa, co-founder of Animoca Brands KK
PR TIMESSupporting the global expansion of Japan's IP is the reason why Animoca Brands KK was established. We are very pleased to have the opportunity to invest in Animoca Brands KK because of Brave group's vision. We will continue to work closely with Brave group on their Web 3.0 strategy and support their global strategy in cooperation with the Animoca Brands group. Animoca Brands K.K. will continue to seek various investment opportunities, and will strive to build Web 3.0 in Japan and to discover promising IPs. We are very happy to have met a company with such ambitions as Brave group, which has given us a lot of courage to consider future business and investment opportunities in Japan. We will continue to do our best under the slogan "Japan's IP to the world! We will continue to actively pursue our activities in Japan as Animoca Brands K.K. under the slogan "Japanese IP to the world!
For more information on the capital and business alliance between Brave group and Animoca Brands KK, please visit Brave group's official website.